Bitmine this week swept another 52k ETH, with its holdings quickly nearing 5% of the circulating supply. Its staking rewards are annualizing at over 200 million dollars—this pace is basically aiming to become Ethereum’s shadow central bank.

Bitmine announced that it increased its holdings by 52,203 ETH over the past week. As of June 21, it holds 5,672,956 ETH, accounting for approximately 4.7% of the total ETH supply. It also holds 205 BTC, cash and tradable securities worth $601 million, etc. Its total crypto, cash, and other holdings amount to approximately $10.7 billion. Currently, 4,718,677 ETH are participating in staking, and based on the current scale, the estimated annual staking income is approximately $223 million.