Bitmine Adds 10,399 ETH, Repurchases 4.5M Shares
The company said annualized staking revenue is projected at $247 million as it continues weekly purchases under its Ethereum treasury strategy.
- On Monday, Bitmine Immersion Technologies, Inc. purchased 10,399 ETH last week, lifting total holdings to nearly 5.8 million ETH, or 4.8% of Ethereum's circulating supply.
- Since launching its Ethereum Treasury strategy on June 30, 2025, Bitmine has acquired ETH every week, moving 96% of the way to its stated goal of 5% of the total coin supply, called the 'Alchemy of 5%.'
- As of August 2, total company assets reached $11.3 billion, including crypto holdings, cash, marketable securities, and 'moonshots,' with staked ETH operations generating projected annualized revenues of approximately $247 million.
- Chairman Tom Lee announced the repurchase of 4.5 million shares in the past week, bringing total equity buybacks to over 16 million shares as management views the stock as attractively valued.
- Management believes the GENIUS Act and SEC Project Crypto could prove as transformational to financial services as the 1971 U.S. action that ended the Bretton Woods system, according to the company.
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Bitmine adds 10,399 ETH as BMNR stock falls
Bitmine Immersion Technologies added 10,399 ETH to its treasury and repurchased another 4.5 million shares, but BMNR stock fell toward $17 as investors weighed its mounting unrealized losses. Bitmine’s Ethereum holdings approach 5.8 million ETH Bitmine said it acquired another…
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.8 Million Tokens, and Total Crypto and Total Cash Holdings of $11.3 Billion
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million Bitmine is 96% of the way to the 'Alchemy of 5%' in just 13 months In July, ETH outperformed...
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.8 Million Tokens, and Total Crypto and Total Cash Holdings of $11.3 Billion - BlockTelegraph
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 13 months In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto Bitmine repurchased 4.5 million common stock in the past week, authorized under the previously announced $4 billion share repurchase program Bitmine was added to the Russell …
BitMine Buys 10,399 More ETH but Reported Holdings Fall to $11.3B
BitMine Immersion Technologies said Monday that its crypto, cash and "moonshot" holdings totaled $11.3 billion as of 4:00 pm ET on Aug. 2, down from the $11.8 billion it reported a week earlier, even after buying another 10,399 ETH. The decline came from the price BitMine used to mark its position,... Read the full story at The Defiant
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