The $140M ETH Purchase

The purchase was BitMine’s biggest this year in token terms, worth nearly $140 million at current prices. 

Total ETH holdings now stand at 4,595,562 tokens, representing 3.81% of the ETH supply. The firm maintained a $1.2 billion cash position despite ramping up acquisitions.

BitMine now stakes 3.04 million ETH, generating about $180 million in annualized revenue with potential to reach $272 million as it locks up more tokens. 

The firm has staked more ETH than any other entity in the world, with the Composite Ethereum Staking Rate at 2.79% while BitMine’s own operations generated a 7-day yield of 2.81%.

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