Bitmine adds 9,926 ETH, taking total holdings to roughly $11 billion
Quick TakeBitmine acquired 9,926 ETH over the past week, bringing its holdings to 5.815 million tokens, or 4.8% of the 120.7 million ETH supply.The company said it has repurchased 20.8 million shares since July 1 under its previously authorized $4 billion buyback program. Bitmine Immersion Technologies (BMNR) has increased its Ethereum treasury to 5,815,164 ETH, representing 4.8% of the second-largest cryptocurrencys supply, the company said Monday. The Ethereum treasury is worth roughly $11 billion, positioning Bitmine as the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategys $58 billion bitcoin position, according to a statement. The latest figure marks an increase of 9,926 ETH over the prior week and places Bitmine 96% of the way toward its stated “alchemy of 5%” target, representing 5% of ethers 120.7 million circulating supply. Of the total ETH held, over 5 million tokens, valued at $9.6 billion, are staked through the companys MAVAN platform and staking partners. Staked ETH represents 87% of Bitmines total 5.82 million ETH holdings, with the company projecting annualized staking revenues of $250 million. Beyond ETH, Bitmine said it held 210 BTC, a $180 million stake in Beast Industries, and a $73 million stake in Eightco Holdings. The company









