Bitmine Nears Massive Milestone: Now Holds 4.8% of Total Ethereum Supply
Bitmine is rapidly approaching a dominant position in the Ethereum ecosystem. The company has officially scaled its ETH treasury to 5.77 million, accounting for 4.8% of the total Ethereum supply and leaving it just 4% away from its ambitious 5% target.
This massive accumulation is backed by a sophisticated staking strategy. With 4.92 million ETH currently staked, Bitmine is projected to generate an annualized staking revenue of $242 million, turning its massive Ethereum holdings into a high-yield powerhouse.
Bitmine has reached a critical milestone in its treasury expansion, boosting its Ether holdings to 5.77 million ETH. This figure represents 4.8% of the total Ethereum supply, meaning the company is now 96% of the way toward its strategic goal of controlling 5% of the asset.
Crucially, Bitmine is leveraging this supply for yield. Its staked Ether position has climbed to 4.92 million ETH, with projected annualized staking revenue hitting $242 million. This move underscores the company's shift toward becoming a major institutional force in Ethereum's proof-of-stake economy.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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