Geopolitical Strain Weights on Crypto

Leading cryptocurrencies fell Wednesday evening after President Donald Trump stated the U.S. military campaign against Iran will continue. Trump noted the campaign persists until objectives are “fully achieved.”

Massive Treasury Exposure

The volatility directly impacts Bitmine’s significant balance sheet. As of March 29, Bitmine held 4,732,082 ETH tokens. This represents 3.92% of the total Ethereum circulating supply.

Chairman Tom Lee recently called crypto a “good wartime store of value” despite the current market retracement.

Staking Revenue and Targets

Bitmine is pursuing its “Alchemy of 5%” goal to acquire 5% of all ETH. The company has…

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