BitMine Immersion Technologies (NYSE:BMNR) bought 45,759 Ethereum (CRYPTO: ETH) last week for over $90 million—its largest weekly purchase this year.

The Buying Spree Continues

BitMine’s total ETH holdings reached 4,371,497 tokens worth $8.7 billion at current prices, representing 3.62% of total ETH supply. 

The company also raised its cash pile to $670 million alongside a $200 million stake in Beast Industries, bringing total assets to $9.6 billion.

Staking generates meaningful revenue despite losses. BitMine has staked 3,040,483 ETH—69% of total holdings—generating $176 million in annualized rewards at a 2.89% yield. 

When MAVAN, the company’s proprietary staking solution,…

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