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BitMine Raises Reserve to 6.07 Million ETH

About 86% of the company’s holdings are staked

№ 1651Published 1 min read

ForkLog reports that BitMine bought 9587 ETH over the week. As of November 8, the company’s reserve stood at 6.07 million ETH, or 4.97% of Ethereum’s total supply.

A total of 5.23 million ETH is staked, representing about 86% of the holdings. At the current yield, BitMine expects to earn about $309 million a year from them.

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BitMine’s Reserve Reaches 6.07 Million ETH | $uicideChain