The Ethereum treasury firm added 7,430 ETH over the past week, bringing its holdings to nearly 5% of the network's circulating supply.
"The reduced pace of buys reflects that Bitmine repurchased 5.5 million common shares," Bitmine Chairman Tom Lee said in a statement.
Grayscale filed two 8-K forms with the SEC to distribute staking rewards in cash to holders of its ETH and SOL ETPs. Amendments to the GSOL and ETHE trusts would take effect on August 7, offering cash payments at least once per quarter. ETHE closed the week with $1.
# Grayscale Staking Payout Proposal Could Reshape Ethereum And Solana Trusts
ETH Slowdown: Bitmine added only 7,430 ETH last week, one of its smallest weekly purchases since mid‑2025. Capital Shift: The firm redirected focus to an $86M stock buyback, repurchasing 5.5 million shares at $15.62. Treasury Status: The company now holds 5.
Ethereum ETFs extended their inflow streak, while ETH's improving technical structure has traders watching the $2,000 resistance level.
Bitmine (BMNR) dramatically scaled back its Ethereum acquisition strategy during the past week, purchasing merely 7,430 ETH tokens valued at approximately $14 million — representing a considerable deceleration from the aggressive accumulation pace maintained throughout the year. Shares traded 2.4% higher in Monday's pre-market activity.
# Vitalik Buterin's Aztec Demo Shows Why Ethereum Privacy Still Matters
The world's largest corporate Ethereum whale, Bitmine Immersion Technologies, has revealed its hand and disclosed financial reserves worth $11.5 billion. Its treasury currently holds 5,777,468 ETH — a colossal 4.8% of the coin's total global supply of 120.7 million ETH.
According to an announcement published Monday, Bitmine Immersion Technologies now holds 5.78 million ether tokens, pushing its total crypto, cash, and equity stake holdings to $11.5 billion. The Norwalk, Connecticut-based ethereum (ETH) treasury company disclosed the figures in its weekly shareholder update. Bitmine's ether position now represents 4.8% of the total 120.
BitMine added 7,430 ETH, lifting its Ethereum holdings to 5.78 million while staking 85% of its treasury and buying back 5.5 million shares.
Bitmine now holds 5.77M ETH worth over $11B, controlling 4.8% of Ethereum's circulating supply as Tom Lee pushes toward a 6M ETH target. Bitmine acquires 7,430 Ethereum, raising total holdings to 5.77M ETH.