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Tom Lee’s BitMine Increases Ethereum Holdings to 5.70M ETH
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
BitMine acquired an additional 27,084 ETH over the past week, increasing its total Ethereum holdings to 5.70 million ETH, or about 4.7% of the network’s total supply. The company also reported holding $555 million in cash and marketable securities, with 4.88 million ETH currently staked. Based on current holdings, BitMine projects annualized staking revenue of approximately $211 million. Investors will watch for further ETH accumulation and updates on the company’s staking performance.
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