Bitmine Adds 10,399 ETH to Its Treasury, Citing Ether’s Best Monthly Showing Against the Nasdaq in 12 Months
TL;DR:
- Bitmine acquired 10,399 ETH last week for approximately $19.1 million, bringing its total holdings to nearly 5.8 million Ethereum tokens.
- The company also bought back 4.5 million of its own shares, accumulating 16 million repurchased shares in the recent period.
- Chairman Tom Lee noted that ETH outperformed the Nasdaq 100 by 2,500 basis points in July, the largest margin since July 2025.
Bitmine Immersion (BMNR), the largest Ethereum treasury company, acquired 10,399 ETH during the past week, for an approximate value of $19.1 million at the current price of $1,840 per unit. This purchase brought its total holdings to nearly 5.8 million ETH, equivalent to 4.8% of the circulating supply, according to the weekly update published by the company.
The operation is consistent with the purchase of 9,946 ETH recorded the previous week and extends the streak of weekly acquisitions the company has maintained since it adopted its Ethereum treasury strategy in June 2025. The firm also repurchased 4.5 million shares of its common stock, bringing the total of recent buybacks to 16 million shares.
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