The company has repurchased 11.6 million shares of common stock as part of its $4 billion share repurchase program.

The Ethereum treasury company added nearly 10,000 ETH while expanding its stock buyback, citing ether outperforming bitcoin is sending a bullish signal.

BitMine holds 4.8% of all Ethereum in existence after buying $19M more ETH, with 4.9M staked and backing from ARK Invest and Pantera.