BitMine's ETH Holdings Soar to 5.93M Tokens, Treasury Now Worth $15.7B

BitMine Immersion Technologies has seen its Ethereum holdings skyrocket in just one year, from 163K tokens to an impressive 5.93 million.

The company's treasury now holds a total of $15.7 billion, including other crypto positions and 'moonshot' bets.

BitMine recently simplified its staking deal with American Validator, reducing the revenue-sharing fee from 10-year agreement to a flat 1.5% on staked ETH rewards.

The company's BMNR stock price ran from $18 in mid-August to a high near $27.50 before pulling back to $24.48, suggesting that the market may have already priced in BitMine's recent buying and staking cleanup.