Bitmine acquired an additional 52,203 ETH over the past week, increasing its total Ethereum holdings to 5.67 million ETH, valued at approximately $9.8 billion and representing about 4.7% of Ethereum’s total supply. The company also reported total crypto, cash, and securities holdings of $10.7 billion. The expansion matters because it further strengthens Bitmine’s position as a major institutional Ethereum holder. With 4.72 million ETH currently staked, generating projected annualized staking revenue of $223 million, investors will be watching the firm’s accumulation strategy and staking performance.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Solana's price has climbed back above $90, extending its recent recovery and putting the $100…
Filecoin price has finally shown some life after weeks of grinding around $0.66. The token…
YZi Labs-backed BounceBit is permanently shutting down its own Layer 1 blockchain after an attacker…
The Injective price has arrived at a level that could decide whether this recovery has…
XRP rose 13.6% over 24 hours to $1.39, extending a weekly gain of nearly 40%…
Jesse of Apex Crypto Insights has raised doubts over whether Ripple will ever pursue an…
