Crypto
Bitmine ETH Treasury Tops $11.6 Billion as Company Repurchases Shares
Bitmine Immersion Technologies (BMNR) recently announced that its ETH-centric treasury and buybacks have reached $11.6 billion, a substantial increase from earlier this year.
The company's total cash holdings stand at $104 million, with $69 million invested in Eightco Holdings (NASDAQ: ORBS), one of the few publicly listed equities offering indirect exposure to OpenAI.
Beyond its ETH and BTC holdings, Bitmine has also staked 5.067 million ETH through its MAVAN platform, generating a 7-day yield of 2.63% (annualized).