Bitmine $BMNR just filed its Q2 10-Q and the Numbers Are Insane 👇


#Bitmine now holds 4,473,459 ETH worth ~$8.79B, making it the largest corporate Ethereum holder on the planet.
🔹 Avg $ETH Cost Basis: ~$3,795 per ETH
🔹 ETH Cost basis: $16.97B
🔹 Current Value: $8.793B (-$9B)
🔹 Cash on hand: $880M
🔹 Debt: almost zero
🔹 ATM raise in 6 months: $10B+
🔹 Staking revenue: $11.2M
🔹 Goal: own 5% of total ETH supply
Yes, Bitmine reported a $9B net loss, but it's purely unrealized mark-to-market on ETH, not actual cash burned.
ETH-0,88%
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