Core Insights - Bitmine has announced its total crypto and cash holdings amounting to $13.2 billion, which includes 4.11 million ETH tokens and $1.0 billion in cash [1][2] - The company holds 3.41% of the total ETH supply, which is 120.7 million ETH, and aims to reach 5% of the ETH supply [1][2] - Bitmine's annual shareholders meeting is scheduled for January 15, 2026, at Wynn Las Vegas, where shareholders are encouraged to vote on four key proposals [4][9] Financial Performance - As of December 28, 2025, Bitmine's crypto holdings include 4,110,525 ETH valued at $2,948 per ETH, 192 BTC, and a $23 million stake in Eightco Holdings [2] - The total staked ETH is 408,627, valued at approximately $1.2 billion, with a composite Ethereum staking rate (CESR) of 2.81% [5] - If fully staked, Bitmine's ETH could generate annual staking fees of $374 million, equating to over $1 million per day [5] Market Position - Bitmine is ranked as the 1 Ethereum treasury and 2 global treasury, following Strategy Inc. [6] - The company is the largest ETH treasury in the world and has a significant trading volume, averaging $980 million per day, making it the 46th most traded stock in the U.S. [8] Strategic Initiatives - Bitmine is working with three staking providers to launch its Made in America Validator Network (MAVAN) in 2026, which aims to provide a secure staking infrastructure [5][6] - The company emphasizes shareholder value creation through ETH acquisition, optimizing returns on ETH holdings, and strategic investments in "moonshots" [4] Shareholder Engagement - The upcoming annual meeting will address the election of eight directors, an increase in authorized common shares, approval of the Omnibus Incentive Plan 2025, and a performance-based compensation plan for the executive chairman [9]

Core Insights - XRP and Ethereum are two leading altcoins, both serving as smart contract blockchains for decentralized applications [1][2] - Ethereum has a significant advantage in terms of usage and total value locked compared to XRP [4] Usage and Adoption - Ethereum has approximately $68 billion in total value locked (TVL) in smart contracts, while XRP has only about $68 million [4] - Ethereum generates over $10 million in daily app fees, whereas XRP's daily app fees are often below $1,000 [4] - XRP is primarily used for cross-border payments, but it has not gained significant adoption among banks, despite over 300 banks utilizing Ripple's payments network [5][6] Investment Perspective - Based on current positions, Ethereum is favored as a better investment option compared to XRP [7] - Both cryptocurrencies have potential, and a diversified portfolio could include both [7]