Bitmine's ether treasury hits 4.8 million ETH as stock listing moves to NYSE

What Happened

Bitmine Immersion Technologies holds 4.8 million ether worth $10.2 billion, representing 3.98% of total ether supply. The company acquired 71,252 ETH last week and will list on the New York Stock Exchange starting April 9. Bitmine stakes 3.33 million ETH through its validator network, generating $196 million in annualized staking revenue. Total crypto and cash holdings amount to $11.4 billion.

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