BitMine Bolsters Ethereum Holdings to Over 5.8 Million

BitMine has significantly increased its Ethereum holdings over the past week, adding 10,399 ETH to bring its total to 5,797,813 ETH. This represents around 4.8% of the circulating supply.

The company's staking strategy is also paying off, with approximately 85% of its holdings (4,917,189 ETH) being staked, resulting in an estimated annualized staking revenue of $247 million.

In addition to its Ethereum investments, BitMine has repurchased 4.5 million shares during the week and maintains a total crypto asset value of $11.3 billion, comprising cash, marketable securities, and other investments.