Bitmine ETH Holdings Break 5 Million, the Biggest Corporate Stash Ever
Bitmine ETH Holdings Break 5 Million, the Biggest Corporate Stash Ever
Bitmine bought 101,901 ETH for approximately $236 million in the week ending April 26, pushing total holdings to 5,078,386 ETH worth roughly $12 billion at $2,369 per coin.The firm now controls 4.21% of Ethereum’s total circulating supply of 120.7 million tokens, 84% of the way to its stated 5% target.About 3.7 million of those tokens are actively staked through Bitmine’s MAVAN platform, generating approximately $264 million in annualized staking revenue.