BitMine Immersion formed a golden cross on September 28 as its Ethereum buying nears a potential inflection point. The company's Ethereum holdings exceeded 6 million tokens last week, representing about 4.8% of all ETH tokens in circulation. BitMine will cross the 5% milestone this month if its weekly Ethereum buying trend continues. BitMine's Ethereum holdings are valued at over $16 billion, compared with its $15.8 billion market capitalization. BitMine estimates annualized staking revenue of about $358 million from over 5.1 million staked tokens.