Bitmine Immersion Technologies (BMNR) announced on Monday that it has increased its ether treasury to 5,901,112 ETH after acquiring 53,501 tokens over the past week.
At $2,511 per ETH, the holdings are worth about $14.8 billion.
Bitmine now holds 4.9% of Ethereum’s 120.7 million token supply (ETH), making it the world's largest corporate holder of the cryptocurrency, the company said in a statement.
Of the total tokens held, 5,067,309 ETH, valued at $12.7 billion, are staked via the company's MAVAN platform and staking partners, representing 86% of its balance.
Bitmine projected annualized staking revenues of $335 million based on a 7-day annualized yield of 2.63%.
