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Crypto

BitMine Surpasses 5.8 Million ETH Holdings with Latest Acquisition

Guavy AI Editorial Team
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ETH
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BitMine has increased its Ethereum holdings to over 5.8 million ETH after acquiring an additional 9,926 ETH in recent days.

This latest purchase brings BitMine's total Ethereum holdings to approximately 4.8% of the total supply, making it one of the largest corporate holders of Ethereum.

BitMine is also actively staking its Ethereum holdings, with over 87% of its total Ethereum holdings currently staked. This strategy allows the company to generate additional income through staking rewards and has the potential to become a significant source of recurring revenue.

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