Bitmine Nears 5% Ethereum Supply Target With Latest ETH Purchase

TLDR Bitmine Immersion Technologies raised its Ethereum holdings to 5.96 million ETH, worth close to $15 billion. The company now owns about 4.9% of Ethereum’s total supply and is 98% of the way to its 5% target. Bitmine has staked over 5 million ETH through its MAVAN platform, projecting $334 million in yearly staking income. [...]

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