BitMine Surpasses Six Million ETH in Treasury Holdings

BitMine's Ethereum treasury has surpassed six million ETH, valued at approximately $16.2 billion at the current price of $2,698 per token.

This milestone brings BitMine closer to its goal of acquiring 5% of Ethereum's total supply, a target known as the 'Alchemy of 5%.'

The company has acquired an additional 17,362 ETH over the past week, with more than five million ETH currently staked through its MAVAN platform and other staking partners.

According to BitMine, its projected annualized staking revenue is around $358 million.