Bitmine Announces 4.66 Million ETH Holdings, Plans to Expand Staking Infrastructure

Bitmine Immersion Technologies has announced that its holdings of ETH have reached 4.661 million tokens. The company's cryptocurrency holdings consist of 4.660.903 ETH at $2.072 per ETH, 196 Bitcoin, and a total of $1.1 billion in cash. The ETH holdings represent 3.86% of the total ETH supply of 120.7 million ETH. The company's president, Thomas "Tom" Lee, attributes the rise in ETH value to its performance during the war with Iran and the pending clarity law in the US Congress.