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Bitmine Amasses 4.9% of Ethereum Supply and Stakes Over 5 Million ETH

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The Story

News Summary

  • Bitmine Immersion Technologies has accumulated 5.93 million Ethereum, reaching 4.9% of total supply, just 122,000 ETH short of its 5% goal.
  • The company has staked over 5 million ETH, projecting up to $386 million in annual staking revenue, signaling strong institutional supply absorption.
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2405.52 +24.06% over the displayed period

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