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Bitmine Surpasses 6 Million Ether Following 17,362-Token Weekly Treasury Purchase

Bitmine Immersion Technologies has expanded its Ethereum holdings to 6,001,302 ETH, surpassing the 6 million milestone and accounting for nearly 5% of circulating supply. Total crypto, cash, and investment holdings reached $17.2 billion, including $672 million in cash and marketable securities and 213 Bitcoin. The milestone follows the acquisition of 17,362 ETH over the past week for roughly $47 million. Bitmine has staked 5,067,309 ETH—about 84% of its reserves—which is valued at $13.7 billion and projected to generate approximately $358 million in annualized staking revenue.

Category

Ethereum

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min