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Crypto

BitMine Bolsters Ethereum Holdings with $1.8M Acquisition

Guavy AI Editorial Team
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ETH
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BitMine has added a substantial amount of Ethereum to its holdings over the past week. The company acquired 10,399 ETH, which brings its total Ethereum holdings to 5,797,813 ETH. This represents about 4.8% of the circulating supply.

The company has staked approximately 85% of its Ethereum holdings, with a total of 4,917,189 ETH staked. BitMine estimates that this will generate around $247 million in annualized staking revenue.

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