Bitmain Boosts Ether Holdings to Over 5.67 Million Tokens

Bitmain Immersion Technologies has increased its Ether holdings to 5.672 million tokens after purchasing an additional 52,203 ETH over the past week.

The company's total holdings now account for approximately 4.7% of Ethereum's circulating supply of 120.7 million tokens.

At a current price of $1,733 per token, Bitmain's Ether holdings are worth around $9.8 billion, with over $8.2 billion of that amount staked.

The company's annualized seven-day staking yield is 2.73%, and projected annual staking income totals about $223 million.

Bitmain aims to reach its goal of securing 5% of total ETH supply by 2026, with Chairman Tom Lee stating that crypto's best days are still ahead due to advancements in tokenization and artificial intelligence.