BitMine Immersion Technologies reported holding 5,067,309 staked ETH as of Aug. 30, a position valued at $12.7 billion using an ETH price of $2,511. The company acquired an additional 53,501 ETH over the latest week, bringing its total holdings to 5,901,112 ETH, representing 4.9% of Ethereum’s estimated 120.7 million supply. The annualized seven-day yield from staking operations stands at 2.63%, implying $335 million in yearly staking revenue. BitMine is targeting an acquisition of 5% of ETH supply.
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