Bitmine Buys 42,197 ETH, Expands Ethereum Holdings to 5.74 Million ETH

Bitmine reported purchasing 42,197 ETH during the past week, increasing its total Ethereum holdings to 5,742,237 ETH, or approximately 4.8% of Ethereum's circulating supply.

The latest purchase lifted the company's total assets to $11.1 billion, including cryptocurrency, cash, marketable securities, and other investments. Of its Ethereum holdings, 4,879,157 ETH are currently staked, with an estimated value of approximately $8.8 billion.

Source: Bitmine