Bitmine's $13.1B treasury, dominated by 5.18M ETH, reshapes crypto with major staking and market moves

Bitmine Immersion Technologies announced a $13.1 billion treasury, including 5.18 million ETH valued at $12.1 billion, making it the largest Ethereum holder globally and second-largest crypto treasury overall. The company has staked 84% of its ETH, generating $297 million annually, and trades $625 million daily, surpassing firms like DoorDash. Bitmine's chairman highlighted the potential impact of the CLARITY Act to boost Ethereum staking and AI commerce, signaling a new phase dubbed "Crypto Spring." This positions Bitmine as a key player influencing crypto market dynamics amid growing regulatory clarity and geopolitical tensions.