BitMine Increases Holdings by 8,573 ETH to Reach 6,060,506 ETH

BitMine announced that it increased its holdings by 8,573 ETH last week, bringing its total ETH holdings to 6,060,506 ETH as of November 1, accounting for approximately 4.9% of the total ETH supply. BitMine's total crypto assets, cash, securities, and other investments amount to about $14.5 billion, including $498 million in cash and securities, 216 BTC, $180 million equity in Beast Industries, and $82 million equity in Eightco Holdings. Additionally, BitMine has staked 5,227,037 ETH, which represents 86% of its holdings, valued at approximately $11.8 billion at a rate of $2,261 per ETH, with an annualized staking income of about $358 million.

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