Bitmine Immersion Technologies bought another 32,447 ETH, worth roughly $81 million, last week. The company now holds 5,847,611 ETH, representing approximately 4.8% of Ethereum’s total supply, valued at around $15 billion as of August 23. The price of ETH surged 31.5% over the past seven days, outperforming Bitcoin’s nearly 24% gains over the same period, trading just under $2,500. Bitmine has staked 87% of its holdings, totaling 5,067,309 ETH, and projects $330 million in annual staking revenue.
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