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Bitmine adds 10,452 ETH, bringing holdings to 6.05 million
Bitmine Immersion Technologies reported acquiring 10,452 ether in the last seven days, increasing its total Ethereum balance to 6,051,933 ETH. This amount accounts for roughly 4.95% of the available 122.2 million ETH in circulation. With ether priced at $2,356 each, the holdings were valued at approximately $14.3 billion as of October 25. Through its MAVAN platform and staking partners, Bitmine has staked 5,227,037 ETH, which makes up around 86% of its ether holdings. The firm estimates that its staking activities could generate $318 million annually at current levels, potentially rising to…
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