Bitmine Expands Ethereum Holdings by 27,180 Coins

Bitmine Immersion Technologies (Bitmine) has disclosed its latest holdings, which include significant additions to its Ethereum (ETH) stash. According to a recent announcement, Bitmine acquired approximately 27,180 ETH over the past week.

The company's total assets, including cash and marketable securities, now stand at around $15.8 billion (approximately ¥2.44 trillion). This includes 595,638 ETH, valued at $1.5 billion (approximately ¥22.9 trillion), as well as 212 BTC ($16.3 million or approximately ¥246 million).

Bitmine's CEO, Tom Lee, noted that the company's staking operations have yielded a 2.62% annualized return over the past seven days.