Ether Giant Bitmine Bets Big on Itself With $400M in Share Repurchases

Bitmine Immersion Technologies has spent almost $400 million this year repurchasing its own shares while accumulating close to 5% of all ether in circulation. The company's crypto holdings and related assets now total $15 billion after just 15 months of building its treasury. Traders should watch this as a sign of aggressive corporate ETH accumulation and management confidence, which supports ether demand but also concentrates supply in one holder.