BitMine Treasury Surpasses 6 Million ETH Milestone

BitMine Immersion Technologies (BMNR) reported holding over 6 million ETH as of September 27, following a weekly purchase of 17,362 tokens. The company's treasury now accounts for 4.9% of the total ETH supply. Chairman Tom Lee noted that the firm, which ranks second among global crypto treasuries behind MicroStrategy (MSTR), plans to continue its accumulation strategy. Additionally, BitMine reported 5.07 million ETH staked, with projected annual staking revenue reaching $424 million once full capacity is reached.