Bitmine Immersion Technologies acquired an additional 10,399 ETH, worth approximately $19.5 million, extending a buying streak that began in June 2025. The company now holds 5,797,813 ETH, valued at roughly $10.9 billion at the current price of $1,880 per coin, representing approximately 4.8% of Ethereum’s circulating supply and placing it 96% of the way toward its goal of holding 5% of all ETH. The firm also repurchased 4.5 million shares last week under its $4 billion buyback program, bringing total repurchases to over 16 million shares since July 1, 2026. Ethereum’s price is up roughly 6% over the past 30 days, hovering near $1,880 per coin, and outperformed the Nasdaq 100 by 25 percentage points in July.
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