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Bitmine Locks 4.8% of Ethereum Supply as Staking Drives ETH Rally

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Bitmine Immersion announced its holdings reached $14.9 billion, including 5.85 million Ethereum tokens, representing 4.8% of global circulating supply.
  • Bitmine stakes over 5 million ETH, generating an estimated $330 million in annualized revenue amid strong institutional accumulation and positive crypto macro tailwinds.
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ETHUSD price history

2503.86 +23.54% over the displayed period

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