Bitmine Reaches $11.8 Billion Crypto Holdings Milestone

Bitmine Immersion Technologies (BMNR) continues to accumulate Ethereum tokens, now holding 5.79 million ETH worth $11.8 billion. This represents 4.8% of the total ETH supply of 120.7 million tokens.

The company's holdings have grown significantly in just 13 months, with BMNR being 96% of the way to its goal of acquiring 5% of the ETH supply.

Bitmine has repurchased $4 billion worth of common stock under a previously authorized program, buying back 6.1 million shares in the past week alone.