Bitmine Adds 9,587 Ether to Reach 6.07 Million Tokens, Nearing 5% Supply Cap

Bitmine Immersion Technologies expanded its corporate Ethereum treasury by purchasing 9,587 ETH for approximately $20 million, bringing total holdings to 6,070,092 tokens. The position represents roughly 4.97% of Ethereum's 122.2 million circulating supply, leaving the firm about 40,000 ETH short of Chairman Tom Lee's 5% acquisition cap. Bitmine's total portfolio of crypto, cash, and investments reached $14.3 billion. The firm has staked 5,227,037 ETH, generating an estimated $309 million in annualized rewards as trailing yields declined to 2.65% from 3.03%, with potential annual rewards reaching $359 million if fully staked.