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Bitmine adds 8,573 ETH, bringing holdings to 6.06 million
Bitmine Immersion Technologies disclosed that it obtained 8,573 ether in the last seven days, increasing its total to 6,060,506 ether, representing 4.9 percent of the overall supply. Of this, the firm noted that 5,227,037 ether—roughly 86 percent—is currently staked. At present rates, the company anticipates $358 million in yearly staking income, which could rise to $415 million should all its ether be staked. Bitmine also holds 216 bitcoin, has stakes in Beast Industries and Eightco Holdings, and maintains $498 million in cash and marketable assets. The sum of its cryptocurrency holdings…
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