Bitmine Immersion Technologies increased its Ethereum treasury to 5,777,468 ETH while repurchasing 5.5 million common shares under its previously authorized $4 billion buyback program, the company said Monday.
At current prices, the Ethereum treasury is worth about $10.8 billion, keeping Bitmine (BMNR) as the largest corporate ether holder globally and the second-largest corporate digital asset treasury behind Strategy, according to a statement.
The latest figure marks an increase of 7,430 ETH over the past week and places Bitmine 96% of the way toward its stated "alchemy of 5%" target, representing 5% of ether's 120.7 million-token supply.
Beyond ether (ETH), Bitmine reported holdings of 207 bitcoin, a $180 million stake in Beast Industries, a $58 million stake in Eightco Holdings, and $385 million in cash and marketable securities.
The Tom Lee-chaired company also repurchased 5.5 million common shares in the past week at an average price of $15.6156 under its previously authorized $4 billion share repurchase program.
