BitMine Cuts Weekly Buyback to 1.7M Shares as ETH Treasury Hits 5.82 Million
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BitMine repurchased 1.7 million common shares in the week ending August 16, the smallest weekly buyback since the program began on July 1 and the third consecutive weekly decline. Its Ethereum treasury grew to 5,815,164 ETH after adding 9,926 ETH including a 7,391 ETH batch, while total crypto, cash and moonshot holdings fell to $11.4 billion from $11.6 billion as ETH was marked at $1,893 on August 16 versus $1,928 a week earlier. This shows continued crypto accumulation and ETH treasury growth but reduced buybacks and a mark-to-market decline in holdings.
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BitMine Immersion Technologies (BMNR) has repurchased 1.7 million common shares in the week ending August 16. This is the smallest weekly buyback since the program began on July 1 and the third consecutive weekly decline, while the company’s Ethereum (ETH) treasury grew to 5,815,164 tokens.
Total crypto, cash, and “moonshot” holdings came to $11.4 billion, down from $11.6 billion a week earlier, even though BitMine added 9,926 ETH over the period. The company marked its ETH at $1,893 per token on August 16, against $1,928 a week before. As reported, BitMine purchased a 7,391 ETH batch that took the treasury past 5.8 million tokens last week.
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+4.45%Predictions Markets
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