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BitMine adds 9,926 ETH, lifting holdings to 5,815,164

BitMine adds 9,926 ETH, lifting holdings to 5,815,164

BitMine said its Ethereum treasury reached 4.8% of ETH supply and total holdings of $11.4 billion, while BMNR shares rose and the company continued buybacks under its $4 billion authorization.

BTC
ETH

Fact Check
BitMine's official PRNewswire press release confirms every substantive figure in the claim: 9,926 ETH added, ~5.82M total ETH (5,815,164), 210 BTC, cash & marketable securities ($78M), a Beast Industries equity stake ($180M), and more than 5.06M staked ETH (5,067,309). Two independent news outlets (ChainCatcher, BlockBeats) corroborate. The sole error is the entity name: the claim says 'Eitoko Holdings,' but the correct company is 'Eightco Holdings' (NASDAQ: ORBS), confirmed by the official release and multiple independent sources; 'Eitoko Holdings' returns zero search results. This is a transcription/spelling error rather than a factual falsehood about the substance of the balance sheet, so the claim is assessed likely_true with a noted name inaccuracy.
Summary

BitMine Immersion Technologies said it bought 9,926 ETH over the week ended Aug. 16, lifting its treasury to 5,815,164 ETH, or about 4.8% of Ethereum's estimated 120.7 million supply and roughly 96.4% of its stated goal of holding 5% of total supply. Using an Ether price of $1,893, the company valued the ETH position at about $11 billion and said total holdings were $11.4 billion, including 210 BTC, $78 million in cash and marketable securities, a $180 million stake in Beast Industries and a $73 million stake in Eightco Holdings, although an accompanying social media thread listed 209 BTC. BitMine said 5,067,309 ETH, or 87.1% of its holdings, were staked, generating a 2.61% seven-day annualized yield and supporting a projected $250 million in annual staking revenue, with a higher figure possible if the full treasury is staked. The company also said it repurchased 1.7 million shares last week, bringing buybacks since July 1 to more than 20.8 million under a $4 billion programme. BMNR closed up 3.68% at $18.73 on Aug. 17 and traded slightly higher after hours, leaving the company with a market capitalization of about $11.3 billion, near the reported value of its portfolio.

Terms & Concepts
  • staking: Locking tokens in a proof-of-stake network to help validate transactions and earn rewards.
  • circulating supply: The number of tokens currently available in the market and used to measure ownership share.
  • cost basis: The average price paid for an asset, used to estimate unrealized gains or losses.