About 86% of the company’s holdings are staked
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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BlackRock transferred 5,320 BTC and 40,720 ETH with a combined value of $482.66 million. According to bloomingbit, the assets were received by crypto exchange Coinbase. The purpose of the transfer was not specified in the report.
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