- Bitmine Immersion Technologies acquired 10,399 ETH and repurchased 4.5 million shares last week.
- The company now holds 5,797,813 ETH, representing approximately 4.8% of Ether’s circulating supply.
- Bitmine’s total crypto, cash, securities, and other investments are valued at $11.3 billion.
Bitmine Immersion Technologies, an Ether treasury company, announced on Monday that it had acquired another 10,399 ETH and repurchased 4.5 million of its shares last week. The firm stated its holdings now total 5,797,813 ETH, valued at $10.9 billion.
This represents about 4.8% of Ether’s 120.7 million circulating supply. The company is actively pursuing its target of acquiring 5% of the total ETH supply.
Bitmine also holds 209 Bitcoin (BTC) and $173 million in cash and marketable securities. Additionally, it holds equity stakes in Beast Industries and Eightco Holdings.
The company’s combined crypto, cash, securities, and other investments are valued at $11.3 billion. Consequently, this latest purchase accelerates its ongoing crypto accumulation and stock-buyback program.
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