BitMine Increases Holdings by 53,501 Ethereum, Buying ETH for 65 Consecutive Weeks

BitMine increased its holdings by 53,501 Ethereum last week, marking 65 consecutive weeks of purchasing ETH. As of August 30, the total Ethereum holdings reached 5,901,112 coins, accounting for approximately 4.9% of the total ETH supply. The total value of the company's cryptocurrency, cash, and other investment assets is approximately $15.6 billion, which includes $541 million in cash and securities, 211 Bitcoins, approximately $180 million in Beast Industries equity, and an investment of about $81 million in Eightco Holdings (ORBS). Currently, the staked ETH amount is 5,067,309 coins, representing about 86% of the total holdings, with an estimated annual staking income of approximately $335 million based on the current annualized yield.

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