BitMine Immersion Technologies has increased its holdings to 5,929,198 ETH, representing 4.9% of the 122 million ethers in circulation, just 171,000 units short of its 5% target of total supply. At the current acquisition pace of approximately 28,000 ETH per week, Tom Lee’s group could reach this threshold in six to seven weeks. Of these holdings, 5,067,309 ETH are staked, accounting for 85% of the stock and generating a native yield of 2.6% per year, equivalent to roughly 132,000 ETH annually. The total treasury of BitMine, including cryptocurrencies, cash, securities and investments, is valued at 15.7 billion dollars.
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