Bitmine Purchases 42,197 ETH, Taking Holdings to 5.74 Million

Bitmine Immersion Technologies (BMNR) purchased 42,197 ether (ETH-USD) over the past week, increasing its total holdings to 5,742,237 ETH, the company said Monday. As of July 5, Bitmine also held 206 bitcoin (BTC-USD), a $180 million stake in Beast Industries, a $71 million stake in Eightco Holdings Inc. (ORBS), and $527 million in cash and marketable securities. The company had 4,879,157 staked ETH as of July 5 and currently expects annualized staking revenue of approximately $235 million, it said.