Bitmine Adds $20M in ETH, Expanding Holdings to 6.07 Million Tokens

TL;DR Bitmine acquired 9,587 ETH worth approximately $20.4 million , increasing its treasury to 6.07 million tokens, or around 4.97% of Ethereum’s circulating supply. Chairman Tom Lee welcomed Vitalik Buterin’s view of ETH as a store of value , reinforcing Ethereum’s long-term investment proposition. The company reported 5.23 million staked ETH , generating an estimated $309 million in annualized staking revenue. Bitmine Immersion Technologies has continued expanding its Ethereum reserves with another multimillion-dollar acquisition, reinforcing its position as the largest publicly traded corporate holder of ETH . The latest purchase brings the company closer to its ambitious goal of accumulating 5% of Ethereum’s circulating supply.

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