Crypto
BitMine Snaps Up Another 53,501 Ethereum Tokens
BitMine Immersion Technologies has made significant investments in Ethereum, purchasing 53,501 tokens last week. This acquisition brings its total holdings to 5.9 million ETH, valued at approximately $14.8 billion.
This represents roughly 4.9% of Ethereum's total supply and marks the company's ongoing buying streak, which began in June 2025. BitMine has staked 5.07 million ETH, or 86% of its holdings, projecting annual staking revenue of around $335 million.