Bitmine Immersion Technologies acquired an additional 9,926 ETH over the past week, bringing its total holdings to 5.815 million ETH worth approximately $11 billion. These holdings represent roughly 4.8% of all ETH in circulation, putting the company just 0.2% away from its goal dubbed « Alchemy of 5% ». The firm has also staked 5,067,309 ETH worth $9.6 billion, projected to generate $287 million in annual staking rewards at a 2.61% 7-day BMNR yield. Bitmine repurchased 1.7 million shares over the past week, pushing cumulative repurchases since July 1st to over 20.8 million shares under a $4 billion buyback program. ETH was trading at $1,899.70 at time of writing, while Bitmine’s stock (BMNR) was valued at $18.73 after a 1.33% drop in 24 hours.
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