Bitmine acquired an additional 52,203 ETH over the past week, increasing its total Ethereum holdings to 5.67 million ETH, valued at approximately $9.8 billion and representing about 4.7% of Ethereum’s total supply. The company also reported total crypto, cash, and securities holdings of $10.7 billion. The expansion matters because it further strengthens Bitmine’s position as a major institutional Ethereum holder. With 4.72 million ETH currently staked, generating projected annualized staking revenue of $223 million, investors will be watching the firm’s accumulation strategy and staking performance.
The post Bitmine Expands Ethereum Holdings to 5.67 Million ETH appeared first on Coinpedia Fintech News Bitmine acquired an additional 52,203 ETH over the pastThe post Bitmine Expands Ethereum Holdings to 5.67 Million ETH appeared first on Coinpedia Fintech News Bitmine acquired an additional 52,203 ETH over the past
Bitmine Expands Ethereum Holdings to 5.67 Million ETH
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