Executive Summary
- •Bitmine now holds 5,797,813 ETH, reaching 96% of its goal to own 5% of the total supply.
- •The company staked roughly 4.9 million ETH, projecting $247 million in annualized revenue.
- •Bitmine repurchased 4.5 million shares over the past week under a $4 billion program.
Community Sentiment
Key Developments & Data
Bitmine buys another 10,399 Ethereum $ETH to aggressively expand its digital asset treasury.
The company now holds 5,797,813 ETH, representing about 4.8% of the network's total circulating supply.
Bitmine repurchased 4.5 million shares of common stock in the past week under its previously authorized $4 billion buyback program.
Roughly 85% of its Ethereum holdings are staked, with the company projecting an annualized staking revenue of $247 million.
"This buyback remains the largest ever executed by any Ethereum, Bitcoin, or crypto DAT (Digital Asset Treasury)." — Tom Lee
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