Bitmine Purchases 15,112 Ethereum As Price Strengthens

Key Summary

Bitmine Immersion Technologies acquired 15,112 Ethereum, increasing its total holdings to 6,016,414, valued at $16.33 billion at $2,714.62. The company now holds more than 4.9% of the world's available ETH and has staked 5,067,309 Ethereum, or 84%, with an annualized yield of 2.63% and $363 million in annual staking income. The average price of its holdings is $3,336, indicating it's underwater on its holdings. Meanwhile, Bitmine's stock price has declined 58% to $26.76, and the company has repurchased 21 million shares through the year.