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Bitmine Adds Ethereum Holdings, Nears 5% Supply Target With $10.8B Treasury

2026-07-20 15:13:00

BMNR2.37%

ETH3.54%

According to the company's statement, Bitmine Immersion Technologies increased its Ethereum treasury to 5,777,468 ETH over the past week, equivalent to 4.8% of ether's 120.7 million-token supply and worth approximately $10.8 billion. The company added 7,430 ETH during the week and is now 96% toward its stated target of holding 5% of total Ethereum supply. Concurrently, Bitmine repurchased 5.5 million common shares at an average price of $15.6156 under its existing $4 billion buyback authorization. The dual strategy reflects the company's balance between accumulating ETH and returning capital to shareholders through equity repurchases.

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Bitmine Repurchases 5.5M Shares, Adds 7,430 ETH Last Week

In-Depth Analysis

Bitmine Expands Ethereum Treasury to 5.78M ETH, Repurchases 5.5M Shares

Crypto Frontier07-20 14:03

Comment

0/400

RoDoesn'tEat

· 14h ago

Bottom-fishing to enter 😎

View OriginalReply0