Bitmine Immersion Technologies (NYSE: BMNR) added 9,946 ETH over the past week and repurchased 6.1 million common shares, according to PR Newswire. As of July 27 Beijing time, the company’s total Ethereum holdings had risen to 5,787,414 ETH, equal to about 4.8% of Ethereum’s total supply. BitMine said the combined value of its crypto holdings, cash and other investment assets stands at roughly $11.8 billion. That figure includes about $268 million in cash and marketable securities, 208 BTC, roughly $180 million in Beast Industries equity, and an investment of about $61 million in Eightco Holdings (ORBS). The company also said 4,917,189 ETH have been staked, representing about 85% of its total ETH position. At a price of $1,948 per ETH, those staked holdings are valued at about $9.6 billion, with current annualized staking yield estimated at around $254 million.
Bitmine Immersion Technologies (NYSE: BMNR) added 9,946 ETH over the past week and repurchased 6.1 million common shares, according to PR Newswire.
As of July 27 Beijing time, the company’s total ETH holdings had reached 5,787,414 ETH, or about 4.8% of Ethereum’s total supply.
BitMine said the combined value of its cryptocurrency holdings, cash and other investment assets stands at about $11.8 billion. That total includes roughly $268 million in cash and marketable securities, 208 BTC, about $180 million in Beast Industries equity, and an investment of around $61 million in Eightco Holdings (ORBS).
The company said 4,917,189 ETH have been staked, equal to about 85% of its total ETH holdings. At $1,948 per ETH, those staked assets are worth about $9.6 billion, and the current annualized staking yield is about $254 million.
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