Bitmine Immersion Technologies has kept pushing its ETH stack higher by snagging another 10,399 coins in the last seven days. Their reserves now sit at 5,797,813 ETH and hover right below that 5.8 million mark.
Another Big ETH Haul 🖤
The update shared by the once-BTC focused miner shows total crypto cash and holdings reaching roughly $11.3 billion. Their ETH alone is worth near $10.9 billion after the dip below $1,850. Bitmine now controls 4.8% of all circulating Ethereum and remains the top corporate holder.
They have also closed some distance on Strategy the leading name in the space. That firm led by Saylor has paused fresh Bitcoin buys and recently revealed its third sale this year. Chairman Tom Lee noted the company adds to its ETH position every single week since the June 30 shift to an Ethereum treasury approach. He pointed out Ethereum just beat Bitcoin and other altcoins in performance which shows fundamentals are gaining strength.
Lee also mentioned ETH topped the Nasdaq 100 by 25% during July marking its strongest month in a full year.
Staking Moves in the Shadows ✨
On top of the buys the firm keeps growing its staking setup via the MAVAN platform. They have already put 4.92 million ETH to work which covers 85% of the full treasury. At present yields this setup points to around $291 million in yearly staking rewards along with $247 million in annualized revenue. 🌑🦇🔮💉🕯️🕸️
Just another echo from the void by iconofsin.eth 💖
