Bitmine added 9946 ETH and bought back 6.1 million shares of common stock last week

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) has increased its holdings of 9,946 Ethereum and bought back 6.1 million shares of common stock in the past week.

As of Beijing time, its total ETH holdings rose to 5,787,414, accounting for 4.8% of the total supply of Ethereum. BitMine currently holds a total value of about $11.8 billion in cryptocurrencies, cash, and other investment assets, including approximately $268 million in cash and marketable securities, 208 bitcoins, approximately $180 million in shares in Beast Industries, and an investment of approximately $61 million in Eightco Holdings (ORBS).

The amount of ETH it has pledged is 4,917,189 (about 85% of total holdings), with a total value of about $9.6 billion at $1,948 each, and the current annualized pledge revenue is about $254 million.

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