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BTC $63,862.98 +3.24%
ETH $1,687.88 +3.76%
BNB $601.11 +1.79%
XRP $1.17 +3.45%
SOL $66.98 +3.39%
TRX $0.3261 -0.70%
DOGE $0.0864 +2.43%
ADA $0.1678 +3.44%
BCH $206.57 -8.17%
LINK $8.01 +3.68%
HYPE $64.66 +9.80%
AAVE $64.37 +1.90%
SUI $0.7621 +2.33%
XLM $0.2007 -1.84%
ZEC $437.78 +1.38%

incr

BitMine increased its holdings by 126,971 ETH last week, bringing the total holdings to 5.5438 million

According to PR Newswire, Bitmine's announcement shows that as of June 7, 2026, the company holds 5,543,872 ETH, accounting for approximately 4.59% of the total Ethereum supply of 120.7 million, having completed 92% of its "Alchemy of 5%" goal. In the past week, BitMine increased its holdings by 126,971 ETH, marking the company's largest single-week buying intensity recently.BitMine Chairman Thomas Lee stated that the company's previous weekly average increase was about 26,000 ETH, and the significant increase this week is mainly due to their belief that the current ETH price correction does not reflect the ongoing improvement in Ethereum's fundamentals, as well as the long-term benefits brought by Wall Street's asset tokenization and the growing demand for open blockchain from AI agent systems.Currently, the total value of the crypto assets, cash, and other investments held by BitMine is approximately $9.6 billion, including $247 million in cash, 204 BTC, $180 million in Beast Industries equity, and $88 million in Eightco Holdings Inc. investment.Among them, 4,718,677 ETH have been staked, accounting for over 85% of the total holdings, with a current value of approximately $7.7 billion, and an expected annualized staking yield of about $230 million. BitMine stated that it has become the world's largest enterprise-level Ethereum reserve institution, second only to Strategy Inc.'s Bitcoin reserve scale, and expects to achieve its strategic goal of holding 5% of the total ETH supply by 2026.

Analyst: To support a valuation of about $1.75 trillion, SpaceX's revenue needs to grow nearly 60 times in the next decade, an unprecedented increase

According to a report by Fortune, David Trainer, CEO of research firm New Constructs, analyzed that to support a valuation of approximately $1.75 trillion, SpaceX needs to increase its annual revenue to about $1.1 trillion by 2035, which is nearly a 60-fold increase from $18.7 billion in 2025, equivalent to maintaining an average annual revenue growth rate of about 50% over the next decade.According to the prospectus previously submitted by SpaceX, the company's revenue in 2025 is projected to be $18.7 billion, with a net loss of $4.9 billion. Trainer calculated based on a discounted cash flow model that if investors want to achieve an annualized return of about 10% over the next decade, SpaceX must achieve the aforementioned growth targets.Analysis indicates that if it reaches a revenue scale of $1.1 trillion, SpaceX's revenue would account for about 2.4% of the U.S. GDP in 2035, with an economic scale exceeding the entire U.S. utility industry and approaching three-quarters of the U.S. transportation industry.Trainer stated that although the artificial intelligence market has vast potential, many competitors, including Alphabet, Microsoft, NVIDIA, and OpenAI, are competing for market share, and SpaceX lacks historical precedent to achieve such a scale of growth. He believes that SpaceX could not only become the largest IPO in history but also the most expensive in terms of valuation.
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