BitMine Surpasses 5.79M ETH Reserves Amid Ethereum's Market Surge

BitMine's Ethereum reserves have hit a new milestone, reaching 5.79 million ETH, which accounts for approximately 4.8% of the total Ethereum supply.

This increase follows a recent purchase by the company, adding nearly 10,000 ETH to its reserves during the past week.

About 85% of BitMine's holdings are currently engaged in staking through its own validators, with estimated annualized rewards reaching around $299 million when all its Ethereum is fully deployed.