BitMine Adds 9,926 ETH as Holdings Reach 5.82M ETH

BitMine said it acquired 9,926 ETH over the past week, bringing total holdings to 5,815,164 ETH, or about 4.8% of Ethereum’s supply. The company has staked 5,067,309 ETH, roughly 87% of its holdings, with projected annualized staking revenue of about $250 million. BitMine also repurchased 1.7 million shares during the week, bringing cumulative buybacks since July to more than 20.8 million shares. Total crypto, cash, marketable securities and other investments stood at $11.4 billion as of August 16.