Crypto
Bitmine Reaches New Milestone with Over 6 Million Ethereum Tokens
Bitmine has significantly expanded its Ethereum holdings, increasing them to over 6 million tokens. This acquisition brings their total holdings to nearly 4.92% of all ETH in circulation.
The company's estimated annual passive revenue from Ether staking is around $358 million.
Vitalik Buterin suggests that Ethereum is transitioning from a mere blockchain to a cryptographic computer, with the upcoming Hegota upgrade set to bring more powerful properties to the network.