Crypto
BitMine Expands Its Dominant Position in Ethereum Holdings
BitMine Immersion Technologies (BMNR) has made significant strides in its Ethereum holdings, now boasting an impressive 5.79 million ETH. This represents approximately 4.8% of the total ETH supply.
The company's crypto and cash reserves have reached a staggering $11.8 billion, with a substantial portion of this being staked ETH valued at $9.6 billion. This valuation is based on BitMine's holdings of 4.92 million staked ETH.
In addition to its Ethereum accumulation efforts, BitMine has also repurchased 6.1 million shares under its $4 billion buyback program. The company remains committed to acquiring 5% of Ethereum's total supply.