Bitmine Increases Ethereum Holdings to Nearly 4.8% of Circulating Supply
Bitmine Immersion Technologies (NYSE: BMNR) has purchased an additional 10,000 Ethereum tokens over the past week, bringing its total holdings to approximately 5.79 million ETH — valued at $11.2 billion and representing about 4.8% of Ethereum's circulating supply. The company is nearing its stated goal of acquiring 5% of all circulating ETH. Bitmine Chairman Tom Lee highlighted that Ethereum has outperformed Bitcoin in recent weeks, signaling potential market momentum. Bitmine also increased share repurchases this week to 6.1 million shares from 5.5 million the prior week under a $4 billion buyback authorization. The latest Ethereum purchase was valued at around $19.4 million and follows an earlier acquisition of nearly 7,430 ETH in the previous week.
Tickers: $BMNR
Topics: Bitmine crypto treasury Ethereum stock buybacks