BitMine Adds 32,447 ETH as Holdings Reach 5.85M ETH

BitMine said it acquired 32,447 ETH over the past week, bringing total holdings to 5,847,611 ETH, or about 4.8% of Ethereum’s supply. The company has staked 5,067,309 ETH, roughly 87% of its holdings, with projected annualized staking revenue of about $330 million. BitMine also reported $308 million in cash and marketable securities, while total crypto, cash, securities and other investments reached $14.9 billion as of August 23.