BitMine Buys Another 10,399 Ether, Repurchases Millions in Shares

BitMine, an Ether treasury company, has significantly expanded its holdings of the cryptocurrency. The firm purchased an additional 10,399 Ether, bringing its total to 5,797,813 tokens, which represents about 4.8% of the circulating supply.

This latest purchase is part of BitMine's goal to secure 5% of Ether's total supply.

In addition to buying more Ether, BitMine also repurchased a total of 16.1 million shares under its $4 billion share buyback program since July 1, including an additional 4.5 million shares in the latest transaction.