BitMine Acquires 7,391 ETH, Total Holdings Reach 5.8 Million

BitMine purchased an additional 7,391 ETH last week, bringing its total Ethereum holdings to 5,805,238 ETH, which accounts for approximately 4.8% of the total ETH supply. The company holds a total of approximately $11.6 billion in cryptocurrency, cash, and other investment assets, including $104 million in cash and securities, 209 bitcoins, $180 million in Beast Industries equity, and an investment of about $69 million in Eightco Holdings. BitMine has staked 5,067,309 ETH, representing about 87% of its total ETH holdings, valued at approximately $9.8 billion at a price of $1,928 per ETH, with an annualized staking income of around $257 million. During the same period, the company repurchased 3 million shares of common stock, with a total of 19.1 million shares repurchased since July 1.

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