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BitMine Immersion Technologies (BMNR) said it acquired 7,430 ETH over the past week, lifting its total holdings to 5,777,468 ETH, roughly 4.8% of Ethereum's 120.7 million token supply. The company disclosed the figures in a release Monday alongside total crypto, cash and other investments of $11.5 billion.
Why it matters
The weekly addition is incremental, but the composition of the treasury is the signal. BitMine has staked 4.92 million ETH, about 85% of its holdings, earning native staking yield on the bulk of its position while it continues accumulating. The company is also 96% of the way to its stated "Alchemy of 5%" target after roughly 12 months.
Market impact
BitMine also repurchased 5.5 million shares at an average price of $15.62, signaling management is willing to return capital alongside building the ETH position. With 85% of holdings staked, the float available to the market continues to tighten, and the share buyback adds a second return vector on top of staking rewards. Investors will be watching whether BMNR maintains the buyback cadence if ETH price action turns choppy.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.78 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-78-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-5-billion-302829332.html)
Frequently asked questions
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How much ETH does BitMine now hold?
BitMine disclosed holdings of 5,777,468 ETH, approximately 4.8% of Ethereum's 120.7 million token supply, after acquiring 7,430 ETH over the past week.
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How much of BitMine's ETH is staked?
BitMine has staked 4.92 million ETH, roughly 85% of its total ETH holdings, earning native staking yield on the bulk of its treasury.
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What are BitMine's total crypto, cash, and other investments?
BitMine reported total crypto, cash, and other investments of $11.5 billion alongside its ETH holdings disclosure.
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Did BitMine repurchase shares?
BitMine repurchased 5.5 million shares at an average price of $15.62, adding a capital return layer on top of its staking and accumulation strategy.
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What is BitMine's 'Alchemy of 5%' target?
The 'Alchemy of 5%' is BitMine's stated goal of holding 5% of total ETH supply. The company said it is 96% of the way to that target after roughly 12 months.
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