Bitmine purchased 10,399 ETH last week, increasing its holdings to 5.8 million ETH amid ether’s strong July performance.
Bitmine Immersion (BMNR) acquired 10,399 ether (ETH) last week, valued at approximately $19.1 million at current prices. The purchase extends the company’s streak of weekly ETH buys since June 2025, raising its total holdings to nearly 5.8 million ETH, or 4.8% of Ethereum’s circulating supply.
The move follows ether’s strongest monthly outperformance against the Nasdaq in a year, which Chairman Tom Lee cited as evidence of improving crypto fundamentals. Bitmine also repurchased 4.5 million shares of its common stock, bringing total recent buybacks to 16 million shares.
The update contrasts with MicroStrategy’s recent disclosure of selling 1,638 BTC, worth about $105 million, as corporate crypto strategies diverge.