Bitmine Holds $6.1 Billion in ETH Staked Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy COIN?
Source: PRnewswire
- Significant ETH Holdings: Bitmine currently holds 3,040,483 ETH valued at $6.1 billion, representing 3.62% of the total ETH supply, showcasing its strong position in the cryptocurrency market.
- Rapid Investment Growth: Bitmine recently completed a $200 million investment in Beast Industries, further enhancing its footprint in the crypto asset space, which is expected to drive future revenue growth.
- Clear Liquidity Advantage: Bitmine's total assets amount to $9.6 billion, including 4,371,497 ETH and $670 million in cash, demonstrating its leading position in cryptocurrency liquidity.
- Optimistic Future Outlook: The company plans to launch MAVAN in Q1 2026, aimed at providing secure staking infrastructure, which is expected to further enhance its market competitiveness and investor confidence.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 165.940
Low
230.00
Averages
361.63
High
440.00
Current: 165.940
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Stablecoin Yield Controversy: CEO Armstrong clarified that Coinbase did not block the recent crypto market structure bill but raised concerns about restrictions on stablecoin yield rewards, prompting lawmakers to revisit negotiations that could lead to a win-win outcome for crypto firms and consumers.
- Enhanced Financial Services Competition: Moreno argued that stablecoin yields would increase consumer returns, enable faster payments, and boost competition in financial services, further solidifying the U.S. leadership in the global financial landscape.
- Quantum Computing Threat Preparedness: Armstrong noted that the industry is actively preparing for post-quantum cryptographic upgrades, asserting that quantum computing does not pose an existential threat to blockchain security, demonstrating a forward-thinking approach to future technological challenges.
See More
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- Perfect Prediction Record: Kalshi has maintained a perfect track record in rate predictions the day before each FOMC meeting since 2022, indicating its accuracy in rate expectations significantly surpasses that of fed funds futures, which could alter decision-making for market participants.
- Expanding Market Influence: As prediction markets become the preferred tool for traders and policymakers, Kalshi's growth potential is immense, especially through its partnership with Robinhood, granting access to over 27 million active accounts and further solidifying its market position.
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