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Crypto

BitMine Boosts Ethereum Holdings by 32,447 Coins

Guavy AI Editorial Team
Instruments
ETH
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BitMine has significantly boosted its Ethereum holdings over the past week, adding a substantial 32,447 ETH to its treasury. This brings the company's total Ethereum position to an impressive 5,847,611 ETH.

This represents approximately 4.8% of the entire ETH supply. Notably, BitMine has staked a significant portion of its Ether holdings, with around 87% (5,067,309 ETH) being staked.

The company projects an annualized staking revenue of about $330 million. In addition to its Ethereum holdings, BitMine's total crypto assets, cash, marketable securities, and other investments were valued at a substantial $14.9 billion as of August 23.

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