Bitmine's Ethereum treasury has grown to over 5.81 million ETH after purchasing an additional 7,391 ETH last week.
The company now holds approximately 4.8% of Ethereum's total supply, making it one of the largest holders of ETH in the market.
About 87% of Bitmine's ETH holdings are currently being used for staking, with a 7-day yield of 2.63% generating around $257 million in annualized staking revenue.
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