BitMine Immersion Technologies has expanded its cryptocurrency portfolio by purchasing 111,942 ETH in the past week, bringing its total holdings to $12.3 billion. The company's assets include 5,390,404 ETH, valued at $2,134 per coin, 203 Bitcoin, $200 million in Beast Industries shares, $95 million in Eightco Holdings shares, and $444 million in cash. BitMine's ETH holdings represent 4.47% of the total ETH supply.
As of May 25, BitMine's staked ETH totaled 4,712,917 coins, valued at $10.1 billion, with a 7-day annualized yield of 2.75%. The company anticipates annualized staking rewards of $276 million, solidifying its position as the world's largest corporate treasury holder of ETH.
BitMine Acquires 111,942 ETH, Total Holdings Reach $12.3 Billion
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