BitMine's Ethereum Holdings Near 5% of Circulating Supply Amid Coinbase-Chainlink Integration
BitMine has added over 32,000 ETH to its treasury, bringing its total holdings to approximately 5.85 million ETH. This represents around 4.8% of Ethereum's circulating supply and puts the company about 97% of the way toward its goal of holding 5% of Ethereum's supply.
The accumulation has sparked interest in BitMine's strategy, which involves staking a significant portion of its ETH holdings. The company currently has around 5 million ETH staked, with projected annualized staking revenue of approximately $330 million.
Meanwhile, Coinbase has selected Chainlink as the official oracle infrastructure for its tokenized stocks on Base. This integration is expected to strengthen the connection between traditional assets and decentralized finance (DeFi).
The developments come as investors continue to seek out the next big crypto opportunity. Apeing, a project in its whitelist phase ahead of a planned September presale, has attracted attention with its potential for up to 10,000% ROI based on a projected listing price of $0.01.