Overview

• The company bought about 234,846 ETH over the past week, taking its total to roughly 2.65 million tokens, which it says is just over 2% of circulating supply.
• BitMine reports $11.6 billion in crypto and cash, including 192 BTC, $436 million in cash, and a $157 million stake in Eightco.
• Shares rose Monday following the update, with BMNR among the most actively traded U.S. stocks and a five-day average trading volume near $2.6 billion, according to Fundstrat.
• The firm is the largest corporate holder of ETH and ranks second among public crypto treasuries behind Strategy Inc.
• Chairman Tom Lee reiterated a long-term thesis centered on Ethereum’s role in AI and crypto as the company pursues its 5% supply target.