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Bitmine Buys 9,926 ETH as Ethereum Holdings Near 5% Supply Milestone

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

News Summary

  • Bitmine Immersion Technologies bought 9,926 ETH last week, boosting total holdings to 5.82 million ETH—about 4.8% of circulating supply.
  • Despite sitting on $8.4 billion in unrealized losses, Bitmine continues accumulation and generates approximately $287 million in annualized rewards by staking over 5 million ETH.
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ETHUSD price history

2475.59 +25.98% over the displayed period

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