Bitmine added 9,587 ETH last week, bringing total holdings to 6.07 million ETH, approximately 4.97% of ETH's total supply

Odaily reports: Bitmine Immersion Technologies (NYSE: BMNR) has released its latest asset data. As of 2:00 PM Eastern Time on November 8, the company holds 6,070,092 ETH and 216 BTC, as well as approximately $180 million in Beast Industries equity, $75 million in Eightco equity, and $475 million in cash and marketable securities, with total related assets valued at approximately $14.3 billion.

Bitmine stated that it added 9,587 ETH over the past week, and its ETH holdings now represent approximately 4.97% of total supply, having completed approximately 99% of its goal to hold 5% of ETH's total supply.

Additionally, the company has staked 5,227,037 ETH, valued at approximately $11.7 billion. Bitmine Chairman Tom Lee stated that based on the 2.65% annualized staking yield over the past 7 days, the current staking scale is expected to generate approximately $309 million in annual returns, and if all ETH is fully staked, the estimated annualized return would reach approximately $359 million. (PR Newswire)