Bitmine Boosts Ethereum Reserves to 6 Million ETH

Bitmine Immersion Technologies increased its Ethereum reserves to 6.001 million ETH after buying 17,362 coins last week. The company's holdings — including crypto assets, cash, securities, and investments — total $17.2 billion. Bitmine's share reached about 4.9% of Ethereum's total supply, with over 5 million coins staked, projected to generate about $424 million in annual income at the current rate.