Bitmine increased its Ethereum holdings to 5.18 million, accounting for 4.29% of the total supply

Techub News, according to crypto.news, Bitmine Immersion Technologies held 5.18 million Ethereum as of May 3, valued at approximately $12.1 billion, accounting for 4.29% of the total supply. The company added 101,745 Ethereum last week, accelerating its buying pace for the fourth consecutive week. The company claims to be the largest Ethereum treasury and the second largest cryptocurrency treasury globally. It has staked 4.36 million Ethereum, with an annualized staking income of approximately $297 million, and has achieved 86% of its goal to hold 5% of the total Ethereum supply.