Crypto vault leaders Bitmine and Strategy increase their holdings
TLDR:
- Bitmine holds 6,016,414 ETH units, accounting for approximately 4.9% of the total supply, and is currently 99% short of its 5% ETH target.
- Strategy purchased 334 BTC items from October 1 to 4 at an average price of US$85,839, raising its total position to 848,000 BTC items.
- Bitmine has pledged 5,067,309 ETH units worth US$13.8 billion, with an expected annualized pledge income of US$363 million.
- Strategy bought back $176.3 million of STRC shares and estimated third-quarter digital asset revenue of $20.91 billion.
Why the crypto vault model is crucial to the market
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