BitMine acquired 9,926 ETH over the past week, bringing its total holdings to 5,815,164 ETH, or about 4.8% of Ethereum’s total supply. The company has staked 5,067,309 ETH, roughly 87% of its holdings, with estimated annualized staking revenue of about $250 million. BitMine also repurchased 1.7 million shares during the week, taking cumulative buybacks since July to more than 20.8 million shares. Its total crypto, cash, marketable securities and other investments stood at $11.4 billion as of August 16.
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