BitMine Immersion Technologies · Ethereum · Strategy · Bitcoin · The Block
Bitmine publishes 9,926 ETH, taking total holdings to roughly $11 billion
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Bitmine Immersion Technologies (BMNR) has increased its Ethereum treasury to 5,815,164 ETH, representing 4.8% of the second-largest cryptocurrency's supply, the company said Monday.
Key facts
- Beyond ETH, Bitmine said it held 210 BTC, a $180 million stake in Beast Industries, and a $73 million stake in Eightco Holdings
- Additionally, Bitmine repurchased 1.7 million common shares over the past week, bringing total repurchases since July 1 to 20.8 million shares under its previously authorized $4 billion buyback
- 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
- Of the total ETH held, over 5 million tokens, valued at $9.6 billion, are staked through the company's MAVAN platform and staking partners
Summary
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 Strategy's $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 ether's 120.7 million circulating supply. Of the total ETH held, over 5 million tokens, valued at $9.6 billion, are staked through the company's MAVAN platform and staking partners. Beyond ETH, Bitmine said it held 210 BTC, a $180 million stake in Beast Industries, and a $73 million stake in Eightco Holdings.