Bitmine Adds 9,946 ETH in Past Week, Boosts Holdings to 5.78M ETH or 4.8% of Total Supply

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) added 9,946 Ethereum over the past week, bringing its total ETH holdings to 5,787,414 as of July 27. The position now represents 4.8% of Ethereum's total supply, and the company also repurchased 6.1 million shares of common stock during the period.

Bitmine has staked 4,917,189 ETH, representing 85% of its total holdings, with an approximate value of 9.6 billion dollars at current pricing of 1,948 per token. The company's annual staking yield is approximately 254 million dollars. Total crypto, cash and investment assets held by Bitmine are valued at approximately 11.8 billion dollars.