Bitmine's ether treasury grows to 5.81 million ETH after modest weekly buy
Macro & Markets ·
Bitmine added 7,391 ETH over the past week, pushing its total Ethereum position to 5.81 million tokens valued at roughly $11 billion, according to The Block.
The purchase marks a slower pace of accumulation compared with earlier buying sprees, a shift that coincides with the company running a $4 billion share buyback program, according to CryptoPotato. Even with the reduced buying, the firm's ether stack now represents about 4.8% of total ETH supply.
A separate disclosure from the company puts its combined crypto and cash holdings at $11.6 billion, a figure that includes the 5.81 million ETH alongside other reserves, per a filing distributed through PR Newswire. The gap between the roughly $11 billion ETH valuation and the $11.6 billion total suggests a modest cash or other-asset buffer sitting alongside the treasury.
The pairing of a large ether accumulation with an active buyback signals a company managing two capital priorities simultaneously: expanding its token holdings while also repurchasing its own shares. Slowing the rate of ETH purchases while continuing the buyback could indicate a deliberate reallocation of capital rather than a pause driven by market conditions, though the material does not specify the reasoning behind the pacing.
Four distinct sources are tracking this cluster, with figures for total holdings, dollar valuation, and percentage of supply broadly aligning across the reports. What remains unclear is whether the slower weekly accumulation reflects a temporary adjustment tied to the buyback's execution or a longer-term change in strategy, and how future disclosures will reconcile the $11 billion ETH-only estimate against the $11.6 billion combined crypto-and-cash figure.