On September 14, BitMine announced another boost to its Ethereum holdings: the company scooped up 27,180 ETH over the past week. According to BitMine, its total ETH reserve has now hit 5.9 million coins—that’s roughly 4.9% of the entire supply of the second-biggest crypto by market cap. Out of that stash, 5.07 million ETH is currently locked up in staking. BitMine put the combined value of its assets, cash, and investments at $15.8 billion.

BitMine’s Massive ETH Reserve

BitMine’s 5.9 million ETH reserve really shows how much crypto can be concentrated in the hands of a single corporate whale. The company revealed that a huge chunk—5.07 million ETH—is actively staked on the network.

Staking and Asset Breakdown

BitMine confirmed that 5.07 million ETH from its reserve is staked. The company also valued its total assets, cash, and investment portfolio at $15.8 billion.