Bitmine's Ethereum Stash Surpasses $134M with Latest Acquisition

Bitmine has significantly increased its Ethereum holdings by acquiring 53,501 tokens over the past week, estimated to be worth around $134.34 million.

The company's total ETH portfolio now stands at 5,901,112, accounting for approximately 4.89% of Ether's circulating supply.

Bitmine has staked 85.87% of its ETH holdings in the Made in America Validator Network (MAVAN) and other staking partners to generate around $335 million annually in passive income.