BitMine Adds 32,447 ETH in a Week, Lifting Holdings to 5.85 Million

BitMine added 32,447 ETH to its treasury over the past week, increasing its total Ethereum position to 5,847,611 ETH, the company said. The holdings represent about 4.8% of the ETH supply. 

Of its total ETH balance, 5,067,309 ETH is staked, putting roughly 87% of the company’s Ether holdings into staking. BitMine projects annualized staking revenue of about $330 million.

The company’s crypto assets, cash, marketable securities, and other investments were valued at $14.9 billion as of Aug. 23, including $308 million in cash and marketable securities.

Source: Bitmine Immersion Technologies