The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply.
- Bitmine sharply slowed its Ethereum purchases last week, adding 7,430 ether worth about $14 million as it shifted capital to a share buyback program.
- The firm now holds about 5.78 million ETH, or roughly 4.8% of Ethereum’s circulating supply, and is nearing its goal of controlling 5% of the token’s supply.
- Bitmine repurchased approximately 5.5 million shares at an average price of $15.62 and continues to generate projected annualized staking revenue of about $247 million from 4.92 million staked ETH.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger size
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