Bitmine Adds 9,926 ETH, Total Holdings Exceed 5.81M

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Bitmine added 9,926 ETH in the week ending August 16, increasing its total ETH holdings to 5,815,164, or approximately 4.8% of the total ETH supply. The latest ETH update shows the company’s total assets at $11.4 billion, including crypto and investments. Bitmine has staked 5,067,309 ETH (87% of its holdings), earning $250 million annually. The company also repurchased 1.7 million shares during the week, bringing the total shares repurchased since July 1 to 20.8 million.

According to ME News, on August 17 (UTC+8), Bitmine Immersion Technologies added 9,926 ETH last week, bringing its total Ethereum holdings to 5,815,164 ETH as of August 16, accounting for approximately 4.8% of the total ETH supply. The company’s current combined assets in cryptocurrencies, cash, and other investments total approximately $11.4 billion, including $78 million in cash and marketable securities, 210 BTC, $180 million in equity in Beast Industries, and a $73 million investment in Eightco Holdings (ORBS). Bitmine has staked 5,067,309 ETH (approximately 87% of its total holdings), generating an annualized staking yield of about $250 million. During the same period, the company repurchased 1.7 million common shares, bringing its total repurchases since July 1 to 20.8 million shares. (Source: PANews)

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