BitMine Immersion Technologies ($BMNR) is rapidly cementing its position as one of the most consequential corporate holders of Ethereum (ETH), after lifting its stake to more than 5.77 million ETH—roughly 4.8% of total circulating supply—bringing the firm within striking distance of its stated 5% target. The disclosure is drawing heightened institutional attention, not only for the sheer scale of the position but also for the company’s effort to turn those holdings into recurring yield through large-scale staking.
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