Bitmine Holds Over 4.21% of Total ETH Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy COIN?
Source: PRnewswire
- Significant ETH Holdings: Bitmine currently holds 3,701,589 ETH, valued at $8.8 billion based on the current price of $2,369, demonstrating its substantial influence in the Ethereum market.
- Exchange Upgrade: Bitmine is set to upgrade from NYSE American to the New York Stock Exchange on April 9, 2026, which is expected to enhance its market recognition and liquidity, further attracting investor interest.
- Investor Backing: Bitmine is supported by notable institutional investors including Cathie Wood and Bill Miller III, reflecting market confidence in its “Alchemy of 5%” strategy and aiding its expansion in the ETH market.
- Earnings Potential: Bitmine's ETH staking yields an annualized $264 million, with staked ETH accounting for 73% of its total holdings, indicating its leading position and profitability in digital asset management.
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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: 187.770
Low
230.00
Averages
361.63
High
440.00
Current: 187.770
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 onchain economy; 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. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
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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- In-House Clearing Advantage: By clearing trades internally, Gemini gains greater control over the functionality and scalability of its prediction market products, which enhances customer experience and responsiveness as it develops more complex financial instruments.
- Market Potential: Winklevoss stated that prediction markets could one day rival traditional capital markets in size, and Gemini is committed to long-term growth in this area while planning to expand its derivatives offerings in the crypto space to stabilize revenue streams.
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