Ethereum (ETH) Price: BitMine Buys 10,000 ETH as Price Hits 10-Week High
TLDR
- BitMine repurchased 6.1 million shares last week, bringing July’s total buyback to 11.6 million shares
- The company scooped 9,946 ETH, pushing its total holdings to 5.787 million ETH — about 4.8% of circulating supply
- BitMine Chairman Thomas Lee said the ETH/BTC ratio hit a 3-month high of 0.300
- ETH is trading around $1,950, near a 10-week high, with key resistance at $2,000 and $2,500
- US spot ETH ETFs saw $103.9 million in net inflows last week, marking three straight weeks of inflows
BitMine Immersion Technologies (BMNR) added nearly 10,000 ETH to its treasury last week while ramping up its share buyback program to record levels.
BitMine Adds 9,946 ETH, Holdings Reach 5.79M ETH
BitMine said it acquired 9,946 ETH over the past week, bringing total holdings to 5,787,414 ETH, or about 4.8% of the circulating supply. The company has staked 4,917,189 ETH, representing roughly 85% of its holdings, and… pic.twitter.com/LampvefINm
- Wu Blockchain (@WuBlockchain) July 27, 2026
The Las Vegas-based company purchased 9,946 ETH, bringing its total holdings to 5.787 million ETH. It also bought back 6.1 million shares of common stock last week, following 5.5 million the week before. Total buybacks in July now stand at 11.6 million shares under a previously authorized $4 billion program.
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