Ether treasury company Bitmine Immersion Technologies bought another 10,399 Ether last week and repurchased 4.5 million of its shares as it continued its crypto accumulation and stock-buyback program.<\/p>\n
On Monday, Bitmine said<\/a> it held 5,797,813 Ether (ETH) worth $10.9 billion. The company said its ETH holdings represent about 4.8% of Ether\u2019s 120.7 million circulating supply. Bitmine is pursuing a target of 5% of the total ETH supply.\u00a0<\/p>\n The company also held 209 Bitcoin (BTC), $173 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings. Its combined crypto, cash, securities and other investments were valued at $11.3 billion.\u00a0<\/p>\n Bitmine said it has repurchased 16.1 million common shares since July 1 under its previously authorized $4 billion buyback program. This includes the 4.5 million shares purchased last week.\u00a0<\/p>\n The latest disclosure follows Bitmine\u2019s purchase of nearly 10,000 ETH<\/a>, announced on July 28. At the time, the company said roughly 85% of its ETH holdings were staked through its validator operations.\u00a0<\/p>\n Related: <\/strong><\/em>Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n