Crypto
BitMine Expands Ethereum Holdings by 9,926 Tokens
BitMine has made significant additions to its Ethereum holdings, purchasing 9,926 ETH in the week ending August 16. This brings the company's total Ethereum holdings to 5,815,164 tokens, valued at approximately $11 billion.
The staking program produced a 7-day yield of 2.61%, with projected annualized staking revenue of $250 million based on that rate.
In addition to its Ethereum purchases, BitMine has continued its stock buyback program, repurchasing over 20.8 million shares since July 1.