CryptoCointelegraphabout 2 hours ago
Bitmine nears 5% of Ethereum supply despite $8.4B losses
1 min read
Bitmine Immersion Technologies acquired 9,926 ETH last week, bringing holdings to 5.82 million ETH, about 4.8% of supply. The Ethereum treasury company faces $8.4 billion in unrealized losses but stakes over 5 million ETH, projecting $287 million in annual rewards.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
