Bitmine Immersion Technologies, Ethereum’s largest Digital Asset Treasury, announced holding 6.03 million ETH worth approximately $15.34 billion, representing 4.9% of Ethereum’s total circulating supply. The company acquired 12,532 ETH over the past week and is approaching its ambitious “Alchemy 5%” target. Bitmine has staked approximately 5.07 million ETH worth $12.9 billion through its validator network MAVAN, potentially generating $400 million in annual revenue at a reported annualized yield of 2.61%. Chairman Tom Lee stated that Bitmine was well-positioned to outperform the expected crypto bull market, while predicting ETH could hit $5,000 by year-end.
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