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Crypto

BitMine Boosts Ethereum Holdings to Over 5.8 Million

Guavy AI Editorial Team
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ETH
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BitMine has significantly increased its Ethereum (ETH) holdings over the past week, bringing its total to 5.815 million ETH, accounting for approximately 4.8% of the total Ethereum supply.

The company acquired an additional 9,926 ETH during this period and has staked a substantial portion of these holdings at an estimated annualized revenue of around $250 million.

BitMine's overall crypto, cash, marketable securities, and other investments now stand at approximately $11.4 billion as of August 16.

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