Bitmine's ETH holdings reach 4.8M, eyes NYSE listing

Bitmine has significantly expanded its Ether holdings, now possessing 4.8 million ETH, representing nearly 4% of the total circulating supply. The company has actively staked a substantial portion, valued at $7.1 billion, which is currently generating an impressive $196 million in annualized staking revenue. This substantial accumulation of digital assets and revenue generation coincides with Bitmine's strategic move towards a stock listing on the New York Stock Exchange, signaling a major step in its integration into traditional financial markets.