Bitmine (BMNR) Stock: Surge as Crypto Holdings Hit $11.3B With 5.8M ETH Reserve

TLDR

• Bitmine’s $11.3B portfolio is anchored by a massive 5.8 million ETH reserve.

• BMNR stock rebounds as Bitmine adds more ETH and expands its staking strategy.

• Bitmine stakes 4.9 million ETH and targets $247 million in annual staking revenue.

• Share buybacks reach 16.1 million as Bitmine reinforces its treasury strategy.

• MAVAN supports Bitmine’s staking expansion across its growing Ethereum reserve.

Bitmine Immersion Technologies (BMNR) shares reported $11.3 billion in crypto, cash, securities, and strategic equity holdings on August 2. BMNR stock slipped 0.23% to $17.24 by 1:10 p.m. EDT after a volatile morning rebound. The update highlighted a 5.8 million ETH reserve, extensive staking operations, and continued share repurchases.

Bitmine Immersion Technologies, Inc., BMNR

Bitmine Ethereum Reserve Reaches 5.8 Million ETH

Bitmine held 5,797,813 ETH valued at about $10.9 billion using a market price of $1,880. That reserve represented 4.8% of Ethereum’s 120.7 million circulating supply at the reporting time. The company also purchased another 10,399 ETH during the latest week.

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