BitMine's Ethereum Holdings Soar to 5.82 Million Tokens Amid Whale Accumulation

BitMine has significantly expanded its Ethereum holdings, acquiring 9,926 ETH in recent weeks. This brings its total to 5,815,164 ETH, representing approximately 4.8% of the circulating supply. The company's treasury is now valued at nearly $11 billion.

The staked balance reached 5,067,309 ETH, valued at roughly $9.6 billion and accounting for 87% of BitMine's Ethereum holdings. The seven-day annualized staking yield is reported to be 2.61%, with projected yearly staking revenue near $250 million.

Meanwhile, another large Ethereum address accumulated around 121,000 ETH over the past month, including a 9,000 ETH withdrawal from Gemini. This move reduces immediately available exchange balances, but does not indicate future price direction.