Bitmine Immersion Technologies saw its stock surge 46.5% in August, pushing its valuation from $11 billion to nearly $14.9 billion. The company holds approximately 5.8 million ETH, representing 4.8% of Ethereum’s circulating supply, with 87% staked. Projected annualized staking revenues range from $250 million to $330 million. As part of a $4 billion buyback program, over 19 million shares have been repurchased since July 1, 2026. This strategic pivot from a Bitcoin mining firm to an Ethereum-centric treasury model differentiates Bitmine from MicroStrategy’s Bitcoin treasury approach.
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