Bitmine Marches Toward 5% of Ethereum Supply After Fresh ETH Buy and Share Purge

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Bitmine Immersion Technologies added 9,946 ETH and retired 6.1 million shares last week, tightening its grip on ethereum’s supply while signaling that management sees value in both the asset and its own stock. As of 7 p.m. EDT on July 26, Bitmine disclosed it held 5,787,414 ETH worth about $11.27 billion at a Coinbase price […]