BitMine Buys 111,942 Ethereum Worth $237 Million, Raising Holdings to 4.47% of Supply

Bitmine Immersion Technologies added 111,942 ETH over the past week, bringing its total Ethereum holdings to 5,390,404 ETH. The company said this represents 4.47% of Ethereum’s 120.7 million total supply. According to the announcement, the holdings are expected to generate about $276 million in annual staking revenue. The update adds concrete balance, supply-share, and yield figures to the company’s previously reported large ETH accumulation.

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