Bitmine Immersion Technologies Expands Ether Treasury to 5.79 million ETH
Bitmine Immersion Technologies announced that it now holds 5.79 million Ether, representing roughly 4.8 % of the cryptocurrency’s circulating supply. The increase follows the purchase of nearly 10,000 ETH over the past week. About 4.9 million ETH – roughly 85 % of the position – are already staked through the company’s validator network, and Bitmine projects annualized staking rewards of about $299 million once the full amount is deployed.
The firm’s total crypto, cash and marketable‑securities holdings were valued at approximately $11.8 billion as of 26 July. Bitmine’s chairman, Tom Lee, highlighted that the ETH/BTC price ratio has risen to a three‑month high, which he says signals strengthening momentum for Ether. The company also accelerated its $4 billion share‑repurchase program, buying back 6.1 million shares and bringing the total repurchased volume since early July to 11.6 million – the largest buyback by any public Ethereum or Bitcoin treasury firm. Market data showed Ether outperformed Bitcoin in the same period, gaining about 2.4 % while Bitcoin fell roughly 0.7 %.
Entities: Bitcoin · Bitmine Immersion Technologies · ETH/BTC ratio · Ethereum · Tom Lee
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 4 SOURCES] The company’s total crypto, cash and marketable‑securities holdings were valued at $11.8 billion as of 26 July. (All articles)
- [○ 1 SOURCE] Bitmine accelerated its $4 billion share‑repurchase program, buying back 6.1 million shares, for a total of 11.6 million shares repurchased since early July, the largest buyback by any public Ethereum (75a5c374-0b81-430e-b75a-01fa3a24518c)
- [● 4 SOURCES] Approximately 4.9 million ETH, or 85 % of Bitmine’s holdings, are staked through validator operations. (All articles)
- [● 4 SOURCES] Tom Lee said the ETH/BTC ratio reached a three‑month high near 0.30, indicating strengthening momentum for Ethereum. (All articles)
- [● 4 SOURCES] Ether outperformed Bitcoin over the past week, gaining about 2.4 % while Bitcoin fell roughly 0.7 %. (All articles)
- [● 4 SOURCES] Bitmine Immersion Technologies holds 5.79 million Ether, about 4.8 % of the total circulating supply. (All articles)
- [● 4 SOURCES] Bitmine expects about $299 million in annualized staking rewards once all Ether is fully deployed. (All articles)
- [● 4 SOURCES] Bitmine purchased nearly 10,000 ETH during the past week. (All articles)