Bitmine Increases Ethereum Holdings to Over 4.47 Million Tokens
- Bitmine Immersion Technologies (BMNR) purchased nearly 51,000 ETH last week, raising its total to approximately 4.474 million tokens.
- The company’s staked ETH now totals about 3,040,483 tokens, valued at around $6 billion.
- Annualized staking revenue is reported at $172 million, with potential full-scale rewards reaching $253 million based on a recent yield of 2.86%.
- Bitmine’s current holdings include approximately $868 million in cash and a $200 million stake in Beast Industries.
- The firm plans to launch its Made in America Validator Network (MAVAN) staking platform by early 2026.
This strategic acquisition during the ongoing ‘mini crypto winter’ highlights Bitmine’s commitment to optimizing its treasury strategy and enhancing yields on its ETH holdings.
With a total of over $9 billion in assets including cash and investments, Bitmine’s ether position represents about **3.71%** of Ethereum’s total supply.(Source)
