BitMine Immersion Technologies acquired 9,946 ETH worth approximately $19.4 million over the past week, bringing its total holdings to 5,787,414 ETH, valued at approximately $11.3 billion based on an ETH price of $1,948 as of July 26. The company now controls about 4.8% of Ethereum’s total supply and has reached 96% of its target to own 5% of all ETH. BitMine also increased its weekly share repurchases to 6.1 million shares, having bought back 11.6 million shares since July 1 under its $4 billion repurchase program. The company has staked 4,917,189 ETH, which could generate approximately $254 million in annualized staking revenue. Its combined crypto holdings, cash and strategic investments were valued at $11.8 billion.
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