BitMine has increased its Ethereum holdings by 27,084 ETH over the past week, bringing its total to 5,700,040 ETH as of June 28. This represents approximately 4.7% of the total Ethereum supply, nearing its goal of holding 5% of the supply, with 94% of the target achieved. BitMine's total assets, including cryptocurrencies, cash, and other investments, are valued at approximately $9.8 billion. This includes $555 million in cash and securities, 206 Bitcoin, $180 million in Beast Industries equity, and $74 million in Eightco investments. The company has staked 4.879 million ETH, over 85% of its total holdings, generating an annualized staking yield of about $211 million, reinforcing its position as the largest Ethereum reserve holder globally.
BitMine Increases Ethereum Holdings to 5.7 Million ETH
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