This week, Bitmine Immersion Technologies announced an increase in its Ethereum assets, now holding 5.79 million ETH. This amount accounts for roughly 4.8% of the entire Ethereum supply.
The company’s portfolio includes $11.8 billion across crypto, cash, marketable securities, and other investments. Out of this, 4.92 million ETH are staked, valued at $9.6 billion.
also Bitmine has repurchased 6.1 million shares using a $4 billion buyback program, signaling confidence in their long-term strategy.
The move adds significant weight to Bitmine’s position in the Ethereum ecosystem. This comes amid a recent surge where Ethereum climbed 27%, partly driven by increased institutional interest.
