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BitMine Immersion Technologies reported holding 5.79 million ETH, equivalent to 4.8% of Ethereum’s circulating supply. The company also staked over 4.9 million ETH, projecting annual revenue of $254 million. They repurchased 6.1 million shares and valued their portfolio at $11.8 billion, aiming to reach their 5% target of owning all ETH.
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