BitMine Adds 53,501 ETH as Holdings Reach 5.90M ETH

BitMine said it acquired 53,501 ETH over the past week, bringing total holdings to 5,901,112 ETH, or about 4.9% of Ethereum’s supply. The company has staked 5,067,309 ETH, roughly 86% of its holdings, with projected annualized staking revenue of about $335 million. BitMine also reported $541 million in cash and marketable securities, while total crypto, cash, securities and other investments reached $15.6 billion as of August 30.