Bitmine boosts Ethereum holdings to 4.535 million ETH after weekly purchase of 60,976 tokens

Bitmine Immersion Technologies has disclosed that its ether treasury has climbed to 4.535 million ETH after acquiring 60,976 ETH over the past week, representing roughly 3.76% of Ethereum's circulating supply. The company values this position at about $8.9 billion, with around 3.04 million ETH currently staked and generating estimated annualized staking revenue of $174 million. The aggressive accumulation comes as data shows more than 3.2 million ETH waiting in Ethereum's validator entry queue while fewer than 60,000 ETH are queued to exit.