What did Bitmine Immersion Technologies announce?

[cryptohog]

Bitmine Immersion Technologies revealed that it now holds 4.14 million ETH, worth roughly $13.2 billion, representing 3.43% of Ethereum’s total supply. Of that amount, 779,000 ETH is already staked and earning yield.

Why is this significant?

This makes Bitmine one of the largest Ethereum holders globally. Unlike many crypto treasury firms, Bitmine is not only accumulating ETH but actively using it to generate income through staking.

[96f402f86e]

holding that much eth and staking it is kinda wild, basically a yield machine at that point