Bitmine Adds 27,801 ETH Over Past Week, Total Holdings Reach 5.77 Million

BMNR-1.33%
ETH-2.02%
According to PR Newswire, Bitmine added 27,801 ETH over the past week, bringing total holdings to 5.77 million ETH as of July 12. With 4.917 million ETH staked, the company's total position is valued at approximately $10.5 billion at ETH's price of $1,820. At the current 2.70% annual staking yield, Bitmine's annual staking rewards are estimated at $242 million, potentially rising to $284 million if all ETH is staked.
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