BitMine Boosts Ethereum Holdings by 10,399 ETH

BitMine has made significant additions to its Ethereum holdings over the past week. The company added 10,399 ETH to its existing stash, bringing its total Ethereum holdings to a substantial 5,797,813 ETH.

This represents approximately 4.8% of the circulating supply of Ethereum. Notably, BitMine has staked 4,917,189 ETH, which accounts for roughly 85% of its Ethereum holdings.

The estimated annualized staking revenue from this stake is around $247 million. In addition to its Ethereum activities, BitMine also repurchased 4.5 million shares during the week.

Its total crypto assets, cash, marketable securities, and other investments stand at $11.3 billion.