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Bitmine Boosts Ether Holdings to Unlock $334M in Annual Revenue

Guavy AI Editorial Team
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ETH
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Bitmine Immersion Technologies has significantly boosted its Ether holdings to over 5.95 million ETH, worth around $15.4 billion and representing about 4.9% of Ether's circulating supply.

The company reported acquiring 27,180 ETH last week, bringing its total crypto treasury to approximately $15.8 billion.

More than 5.06 million ETH is now staked by Bitmine, generating an estimated $334 million in annualized staking revenue at current rates.

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