BitMine Reports 6.06M ETH Holdings, With More Than 5.22M Staked

TL;DR: BitMine Immersion Technologies reported holdings of 6,060,506 ETH as of November 1 in a November 2 filing exhibit. Cryptocurrency balance sheets are sensitive to valuation dates. The filing’s detailed token count is valuable precisely because it can be compared with later disclosures. It also exposes a blind spot in quick “ETH treasury” comparisons: two companies with identical token balances could have very different liquidity, financing and operational risk. Staking arrangements are an essential part of that distinction. What the primary source establishes BitMine Immersion Technologies reported holdings of 6,060,506 ETH as of November 1 in a November 2 filing exhibit. The company said 5,227,037 ETH were staked, alongside smaller Bitcoin holdings, cash and other positions. These are issuer-disclosed balances at a specified date, not independently observed live holdings or a claim about Ethereum’s total currently liquid supply. The dated original disclosure is the starting point for the figures and product scope discussed here. Staking means committing ETH to help secure Ethereum’s proof-of-stake network through validators or staking arrangements. Rewards depend on protocol...