Bitmine increased its holdings by 9,587 ETH last week, bringing the total holdings to 6.07 million

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) announced its latest asset situation. As of 2 PM Eastern Time on November 8, the company holds 6,070,092 ETH (valued at $2,234 each), 216 BTC, approximately $180 million in Beast Industries equity, $75 million in Eightco (NASDAQ: ORBS) equity, and $475 million in cash and securities.

The total of crypto assets, cash, securities, and "moon landing" investments is approximately $14.3 billion. The company stated that it increased its holdings by 9,587 ETH in the past week; the ETH holdings account for about 4.97% of the current supply of 122.2 million, achieving approximately 99% of its goal to hold 5% of the ETH supply. In terms of staking, a total of 5,227,037 ETH has been staked, which is approximately $11.7 billion at the aforementioned valuation.

Chairman Tom Lee stated that based on an annualized staking yield of 2.65% over the past 7 days, the expected annualized staking income under the current staking scale is approximately $309 million, and if fully staked, it would be about $359 million.