Bitmine Staking Exceeds 5 Million ETH, Projected Annual Revenue at $334 Million

Bitmine Immersion Technologies reported that its ETH holdings have surpassed 5.95 million tokens, valued at approximately $15.4 billion. With over 5.06 million ETH currently staked, the company expects to generate $334 million in annual staking revenue. Meanwhile, Michael Saylor's Strategy has paused its Bitcoin purchases for the second consecutive week, opting instead to repurchase $139.3 million of its STRC preferred shares between September 8 and 13.