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Crypto News

Bitmine shares rise 4.28% after adding 42,197 ETH to treasury

Bitmine increased its Ethereum (ETH) holdings by 42,197 ETH between June 29 and July 3, taking its ETH treasury to 5,742,237 ETH, or about 4.8% of circulating supply. The company said roughly 85% of its ETH—4,879,157 ETH—is staked, implying an estimated annual staking yield of around $235 million. After the update, BMNR rose 4.28% to $14.98, briefly trading as high as $15.04 during the session.
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