Bitmine Adds 27,084 ETH, Raising Ethereum Holdings to 5.70 Million ETH

Bitmine has added 27,084 ETH to its treasury over the past week, bringing its total Ethereum holdings to 5.70 million ETH—equivalent to about 4.7% of the network’s total supply.

In addition, the company said it has $555 million in cash and marketable securities on its balance sheet. In addition, Bitmine revealed that 4.88 million ETH is staked, a position expected to generate approximately $211 million in annualized staking income.

Source: Bitmine