BitMine Immersion Technologies Holds $12.3 Billion in Crypto Assets

BitMine Immersion Technologies has announced that its total crypto assets, cash, and holdings in the 'Moon Project' amount to $12.3 billion. According to Foresight News, the company's holdings include 5,390,404 ETH valued at $2,134 per coin, 203 Bitcoin, $200 million in Beast Industries shares, $95 million in Eightco Holdings shares, and $444 million in cash. The company's ETH holdings represent 4.47% of the total ETH supply. Over the past week, BitMine Immersion Technologies purchased 111,942 ETH. As of May 25, the company has staked a total of 4,712,917 ETH, valued at $10.1 billion, with a seven-day annualized yield of 2.75% from its staking operations. The annualized staking rewards are estimated to reach $276 million. BitMine Immersion Technologies is currently the largest corporate holder of ETH reserves globally.