BitMine bought 9,587 ETH over the past week, bringing its total holdings to approximately 4.97% of the Ethereum supply.
According to a company statement reported by Wu Blockchain, BitMine bought 9,587 ETH over the past week. The purchase brought the company’s total holdings to 6,070,092 ETH. This amount represents approximately 4.97% of the Ethereum supply.
BitMine reported that it has staked 5,227,037 of its total ETH holdings. The total value of the company’s crypto assets, cash, marketable securities, and other investments was reported at approximately $14.3 billion.
BitMine has 5.2 million ETH staked
The company said that if it staked all of its ETH holdings, annualized rewards could reach approximately $359 million. This estimate is based on the 2.65% annualized staking yield observed over the past seven days; it is not income that has actually been earned.
Not investment advice.