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BitMine Reports 6.06M ETH Holdings, With More Than 5.22M Staked

Picture: NewsBTC

TL;DR: BitMine Immersion Technologies reported holdings of 6,060,506 ETH as of November 1 in a November 2 filing exhibit. Cryptocurrency balance sheets are sensitive to valuation dates. The filing’s detailed token count is valuable precisely because it can be compared with later disclosures. It also exposes a blind spot in quick “ETH treasury” comparisons: two companies with identical token balances could have very different liquidity, financing and operational risk. Staking arrangements are an essential part of that distinction. BitMine Immersion Technologies reported holdings of 6,060,506 ETH as of November 1 in a November 2 filing exhibit.

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