PricPR

In his recent guest spot on Ripple’s “Onchain Economy” series-which, by the way, sounds more like a hipster coffee shop than a financial podcast-Birla’s all about being an active treasury rather than just sitting back and hoarding digital assets like some kind of crypto dragon. They’re out here accumulating XRP and throwing it into yield-bearing instruments across the XRP Ledger. It’s like a treasure hunt, but instead of gold, they’ve got digital coins and validators. Who knew crypto could be so adventurous?

Indeed, as the price of ETH plummeted by a staggering 60% from its lofty perch above $5,000, our intrepid Bitmine now boasts a remarkable total of 4.37 million tokens, of which a not insignificant 3.04 million tokens rest contentedly staked, thereby generating ongoing rewards that might keep even the most fastidious investor quite pleased.

One major anxiety concerns the enormous tally of coins that have fallen into permanent stasis. Crypto savants put the figure at around 3.5 to 4 million BTC-nearly 18% of the total supply-that have not moved since Bitcoin’s infancy and are thought to be irretrievably lost. Then comes the not-so-hushed whisper that quantum computing might one day unlock these long-buried wallets with the ease of turning a page. Not confirmed, naturally, but markets love a phantom menace to sniff at during luncheon hours.