PRNewswire, PRNewswire, 3rd August 2026, Chainwire
Bitmine holds 5.8M ETH tokens (4.8% of supply) with $11.3B combined crypto+cash holdings, 96% toward its 5% ETH target. Staking yields of $247M annually signal corporate treasury crypto is viable for enterprises, shifting institutional asset allocation trends.
Bitmine accumulates 10,399 ETH targeting 5% of total supply and repurchases 4.5M shares, expanding treasury to $10.9B. Institutional ETH consolidation signals blockchain adoption confidence; buybacks suggest management expects stronger crypto valuations.
BitMine Immersion bought 10,399 more ETH, bringing total holdings to 5.8 million tokens, roughly 4.8% of all Ethereum supply, with $291M in
Bitmine valued its crypto, cash and other investments at $11.3 billion and said it has repurchased 16.1 million shares since July 1.
Bitmine Immersion Technologies staked an additional 150,120 ETH worth $278M, bringing total staked ETH past 5 million and controlling nearly 5%