Overview
- Last week Bitmine bought just 7,430 ETH and repurchased about 5.5 million common shares for roughly $86 million under its $4 billion authorization.
- The company’s disclosed holdings now stand at about 5.78 million ETH, roughly 4.8% of circulating supply and close to its 5% target.
- Bitmine has staked about 4.92 million ETH through its MAVAN validator platform and projects roughly $247 million in annualized staking revenue at current yields.
- The firm reported total crypto, cash and strategic investments of about $11.5 billion, and BMNR stock rose modestly after the update.
- Traders and investors should watch whether Bitmine returns to heavy ETH buys or continues using buybacks, since both choices affect ETH liquidity and shareholders’ exposure to staking income and price moves.