Bitmine Adds 52,203 ETH, Total Holdings Reach 5.67 Million ETH

Bitmine has strengthened its position in Ethereum after purchasing an additional 52,203 ETH over the past week. With this latest accumulation, the company’s total holdings have risen to 5.67 million ETH, accounting for approximately 4.7% of Ethereum’s circulating supply.

Alongside the increase in holdings, Bitmine also updated its broader financial position, reporting that its total portfolio, covering crypto assets, cash, and securities, now stands at $10.7 billion.

In addition, the company revealed that 4.72 million ETH from its holdings are currently staked, valued at around $8.2 billion, with projected annualized staking income of roughly $223 million.

Source: Bitmine