Crypto
Bitmine Surpasses 4.9% of Total ETH Supply with 5.98 Million Tokens
Bitmine Immersion Technologies has disclosed that its Ethereum holdings have reached 5.983 million tokens, representing approximately 4.9% of the total ETH supply.
The company's Ethereum position is valued at $16.1 billion, with a current price per token of $2,682.87 on Coinbase.
Bitmine has staked over 5 million ETH, generating projected annualized staking revenue of $357 million and potentially rising to $421 million once its full holdings are staked.