sandmark.com
Bitmine Immersion Technologies (BMNR), the NYSE US-listed company associated with Fundstrat co-founder Tom Lee, said its Ethereum holdings reached 4.73mn tokens.
The company reported total crypto and cash holdings of $11bn. It added 71,179 $ETH in the past week alone, according to a company release.
Bitmine has staked 3.14mn $ETH, generating approximately $177mn in annualized staking revenue.
Shares opened at $19.18 on 30 Mar, up 4% from Friday’s close of $18.39.
Bitmine has been aggressively accumulating $ETH, with a stated long-term goal of owning 5% of the total Ethereum supply. It is the largest corporate holder of $ETH and the second-largest overall crypto treasury after Strategy Inc (MSTR), according to Arkham Research data. Their reported holdings of 4.73mn $ETH corresponds to 3.92% of the total supply.