Bitmine Adds 10,452 Ether as Staked Balance Reaches 5.23 Million

Bitmine Immersion Technologies added 10,452 Ether (ETH) over the past week, raising its holdings to about 6.05 million ETH as the company continued to expand its crypto treasury. That balance represents 4.95% of total Ether supply. About 5.23 million ETH is staked, more than 80% of the company’s holdings. Bitmine projects about $318 million in annualized staking income at its current staking level. The estimate is up from about $309 million a week earlier , when 5.07 million ETH was staked. Actual income depends on the amount staked and the staking yield.