Key facts
- Bitmine acquired 10,452 ETH, bringing total holdings to 6.05 million ETH.
- The firm now holds 4.95% of the total ETH supply.
- Bitmine repurchased 2.04 million BMNR shares at an average price of $22.48.
Ethereum treasury firm Bitmine acquired 10,452 ETH over the past week, increasing its holdings to 6.05 million ETH, representing 4.95% of the total supply. The company also repurchased 2.04 million BMNR shares at $22.48 each. Despite an unrealized loss on its ETH holdings, Bitmine continues its accumulation strategy.
Bitmine's continued accumulation of ETH and share repurchases signal management's confidence in the company's strategy and future performance, even amidst market downturns and unrealized losses.
Ethereum treasury firm Bitmine announced it acquired 10,452 ETH over the past week, increasing its total holdings to 6.05 million ETH, which represents 4.95% of the total supply. The company also repurchased 2.04 million of its BMNR shares at an average price of $22.48. Bitmine Chairman Tom Lee stated the firm believes it is well-positioned for the upcoming crypto bull market, despite sitting on an unrealized loss of over $6 billion on its ETH holdings. The company has bought back 22.9 million shares in 2026 for nearly $400 million.
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