BitMine Immersion Technologies bought an additional 12,535 ETH last week, bringing its reserves to 6,041,481 ethers as of October 18, representing approximately 4.9% of Ethereum’s circulating supply. The company is targeting 5% of the supply, which would require roughly 63,500 additional ETH based on current figures. About 84% of its ETH holdings are staked, with a declared annualized yield of 2.58%. BitMine reports total assets of 15.1 billion dollars, including cryptocurrencies, cash, marketable securities and other investments.
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