Bitmine increased its Ether holdings by 27,801 ETH last week, taking its total ETH position to 5,770,038 ETH, according to PR Newswire. That equals about 4.8% of Ethereum’s current total supply of roughly 120.7 million ETH and represents about 96% of the company’s internal “hold 5% of ETH” target. As of 5:00 p.m. Eastern Time on July 12, or 5:00 a.m. Beijing time on July 13, Bitmine said the combined value of its crypto assets, cash and marketable securities stood at about $11.3 billion. The company’s disclosed holdings included about $482 million in cash and marketable securities, 206 BTC, roughly $180 million in Beast Industries equity, and an investment of about $69 million in Eightco Holdings (ORBS). Its staked ETH balance rose to 4,917,189 ETH, or around 85% of total ETH holdings. Based on a current 7-day annualized rate of 2.7%, estimated annualized staking income would be about $242 million.
Bitmine bought another 27,801 ETH last week, bringing its total Ether holdings to 5,770,038 ETH, according to PR Newswire. The position accounts for about 4.8% of Ethereum’s current total supply of roughly 120.7 million ETH. Based on the company’s internal “hold 5% of ETH” goal, it has reached about 96% of that target.
Asset holdings as of July 12
As of 5:00 p.m. Eastern Time on July 12, or 5:00 a.m. Beijing time on July 13, Bitmine’s crypto assets, cash and marketable securities totaled about $11.3 billion. The disclosed holdings included about $482 million in cash and marketable securities, 206 BTC, roughly $180 million in Beast Industries equity, and about $69 million invested in Eightco Holdings (ORBS).
Staked ETH and estimated yield
Bitmine’s staked ETH rose to 4,917,189 ETH, which is about 85% of its total ETH holdings. Using the current 7-day annualized rate of 2.7%, its annualized staking income is estimated at about $242 million.
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