Key Highlights:
- Bitmine increased its Ethereum treasury to 5.78 million ETH.
- The company also repurchased 5.5 million shares.
- Most of its ETH holdings are generating staking rewards.
Bitmine Immersion Technologies has expanded its Ethereum treasury to 5,777,468 ETH, valued at approximately $10.8 billion, reinforcing its position as the world's largest corporate Ethereum holder.
The company said the latest purchases bring it close to its long-term goal of holding 5% of Ethereum's total circulating supply.
Alongside the treasury expansion, Bitmine repurchased 5.5 million common shares under its previously approved $4 billion share buyback program.
Approximately 85% of the company's ETH holdings are currently staked through its validator network and partners, generating staking rewards that have become Bitmine's primary source of revenue.
