Bitmine Continues Aggressive Ethereum Accumulation Strategy

Bitmine, a crypto asset management company, has continued its aggressive strategy of accumulating Ethereum. According to recent data, the company added 71,179 $ETH to its portfolio in just seven days.

This latest purchase brings Bitmine's total Ethereum holdings to 4.73 million, which represents approximately 3.92% of the current circulating supply. The company's total crypto assets and cash reserves are estimated at around $10.7 billion.

Bitmine has also staked a significant portion of its Ethereum holdings, with 3.14 million coins currently locked in staking activities. These staking activities generate an estimated $177 million in annualized revenue.