The post BitMine’s $11 billion Ethereum bet – Risky gamble or strategic masterstroke? appeared on BitcoinEthereumNews.com. Key Takeaways Why does BitMine’s ETH bet matter? BitMine has bagged 2.15 million ETH worth $11 billion. In doing so, it’s chasing a 5% supply target while holding $284 million in unrealized losses. How is it different from MicroStrategy? Unlike MSTR’s debt-fueled BTC stack, BitMine is diversifying with equity plays. BitMine has become the world’s largest Ethereum [ETH] holder. In fact, with over 2.151 million ETH valued at nearly $11 billion, it’s edging closer to its ambitious 5% supply target. However, it’s also worth noting that with an average entry of $4,632, the stack’s sitting on $284 million in unrealized losses. According to AMBCrypto, this is a key metric in sizing up whether BitMine’s Ethereum play is a risky gamble or a strategic masterstroke. BitMine provides latest holdings update BitMine just dropped its latest AUM numbers, clocking in at $10.77 billion. The stack includes 2,151,676 ETH at an average entry of $4,632,192 BTC – A $214 million equity slice in Eightco (NASDAQ: ORBS), and $569 million in free cash. It’s a solid mix of core crypto holdings and strategic bets. Simply put, BitMine isn’t just stacking ETH. Eightco is a prime example. For context, in a recent strategic move, BitMine invested $20 million in Eightco to back its pivot into Worldcoin [WLD] and crypto-driven ventures. Source: TradingView (BMNR/USD) Strategically, BitMine is charting a different path than MSTR. While MicroStrategy is stacking 638k BTC worth $74 billion on the back of debt, BitMine (NASDAQ: BMNR) is putting its capital to work across revenue-driving plays. In turn, making diversification the name of the game. In essence, even with the stock off 94% from its $880-peak, the treasury’s cash flow has been solid. That keeps its Ethereum stack positioned as an alpha-chasing play, not a core revenue driver. ETH holdings serve as high-risk,… The post BitMine’s $11 billion Ethereum bet – Risky gamble or strategic masterstroke? appeared on BitcoinEthereumNews.com. Key Takeaways Why does BitMine’s ETH bet matter? BitMine has bagged 2.15 million ETH worth $11 billion. In doing so, it’s chasing a 5% supply target while holding $284 million in unrealized losses. How is it different from MicroStrategy? Unlike MSTR’s debt-fueled BTC stack, BitMine is diversifying with equity plays. BitMine has become the world’s largest Ethereum [ETH] holder. In fact, with over 2.151 million ETH valued at nearly $11 billion, it’s edging closer to its ambitious 5% supply target. However, it’s also worth noting that with an average entry of $4,632, the stack’s sitting on $284 million in unrealized losses. According to AMBCrypto, this is a key metric in sizing up whether BitMine’s Ethereum play is a risky gamble or a strategic masterstroke. BitMine provides latest holdings update BitMine just dropped its latest AUM numbers, clocking in at $10.77 billion. The stack includes 2,151,676 ETH at an average entry of $4,632,192 BTC – A $214 million equity slice in Eightco (NASDAQ: ORBS), and $569 million in free cash. It’s a solid mix of core crypto holdings and strategic bets. Simply put, BitMine isn’t just stacking ETH. Eightco is a prime example. For context, in a recent strategic move, BitMine invested $20 million in Eightco to back its pivot into Worldcoin [WLD] and crypto-driven ventures. Source: TradingView (BMNR/USD) Strategically, BitMine is charting a different path than MSTR. While MicroStrategy is stacking 638k BTC worth $74 billion on the back of debt, BitMine (NASDAQ: BMNR) is putting its capital to work across revenue-driving plays. In turn, making diversification the name of the game. In essence, even with the stock off 94% from its $880-peak, the treasury’s cash flow has been solid. That keeps its Ethereum stack positioned as an alpha-chasing play, not a core revenue driver. ETH holdings serve as high-risk,…