BitMine Adds 10,452 ETH as Treasury Reaches 6.05 Million

BitMine Immersion Technologies acquired another 10,452 ETH over the past week, lifting its reported Ethereum holdings to 6,051,933 tokens, or approximately 4.95% of ETH’s total supply. The company also repurchased 2.04 million shares, continuing a dual strategy of expanding its crypto treasury while returning capital to shareholders. BitMine’s latest update puts its ETH holdings above 6.05 million tokens, bringing the company closer to its stated goal of accumulating 5% of Ethereum’s supply. The company reported that its total crypto holdings, cash, marketable securities and other investments were worth approximately $15 billion. Its ETH accumulation gives investors indirect exposure to Ethereum through shares in a publicly traded company. The strategy also concentrates BitMine’s financial performance around ETH’s market value.

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