Bitmain has announced that its total assets, including cryptocurrency holdings, cash, and rapidly growing projects, have reached a combined value of $9.6 billion. The company holds 4,422,659 Ethereum (ETH) tokens, each valued at approximately $1,958, along with 193 Bitcoin (BTC) coins. Additionally, Bitmain owns $20 million worth of shares in Best Industries and $17 million in shares of Orbs Holdings (NASDAQ: ORBS). The company’s total liquidity has risen to $6.91 billion.
The Ethereum holdings by Bitmain represent about 3.66% of the total Ethereum supply, which amounts to 120.7 million ETH. Approximately 3,040,483 ETH are staked on Bitmain’s platform, with a current value near $6 billion. Staking has increased Bitmain’s annual income to $171 million, with staked tokens constituting roughly 69% of its total Ethereum holdings.
Bitmain is a prominent cryptocurrency investment firm that invests in various digital crypto assets and generates additional revenue through staking. Despite volatility in the crypto market, Bitmain’s broad investment portfolio and liquidity help mitigate market fluctuations. However, sudden changes in cryptocurrency prices could impact the company’s asset values and revenue.
Bitmain’s primary challenge now is to protect its assets amid current market conditions while maintaining stable income through staking. The company is expected to pursue further investments and partnerships to strengthen its financial position.
Source: binance
