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Crypto

Bitmine Bolsters Ethereum Holdings to 5.9M Tokens

Guavy AI Editorial Team
Instruments
ETH
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Bitmine, a Nasdaq-listed treasury company, significantly boosted its Ethereum holdings by acquiring 53,501 ETH through August 30. This increase brings Bitmine's total disclosed treasury to 5.9 million ETH.

The company has staked over 5.06 million ETH at an annualized yield of 2.67%, generating substantial staking rewards that could produce approximately 135,000 ETH annually.

This amount is nearly enough to cover the gap to Bitmine's 5% ownership target of the total ETH supply.

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