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Bitmine increased its holdings by 9,946 ETH last week and repurchased 6.1 million ordinary shares.
Deep Tide TechFlow message: On July 27, according to a PR Newswire report, Bitmine Immersion Technologies (NYSE: BMNR) increased its stake by 9,946 ETH over the past week and repurchased 6.1 million shares of common stock.
As of July 27 Beijing time, its total ETH holdings rose to 5,787,414 ETH, accounting for about 4.8% of Ethereum’s total supply. BitMine’s current total value of its cryptocurrencies, cash, and other investment assets is approximately $11.8 billion, including about $268 million in cash and marketable securities, 208 Bitcoin, about $180 million in Beast Industries equity, and an investment of about $61 million in Eightco Holdings (ORBS). The amount of ETH it has staked is 4,917,189 ETH (about 85% of its total holdings), with a total value of approximately $9.6 billion based on $1,948 per ETH; its current annualized staking rewards are about $254 million.