Bitmine adds 15,112 ETH, lifts holdings to 6,016,414
Bitmine Immersion Technologies (NYSE: BMNR) bought an additional 15,112 ether over the past week, bringing its total holdings to 6,016,414 ETH valued at about $16.33 billion and nearing its goal of owning 5% of Ethereum’s circulating supply. The company said it has staked 5,067,309 ETH, or 84% of its holdings, and projects an annualized yield of 2.63% and about $363 million in annual staking income. Bitmine’s average cost basis is $3,336 per ETH, above the current price of $2,714.62, leaving it in an unrealized loss position.