Bitmine, the world’s largest corporate holder of Ethereum, increased its ETH treasury by 7,430 tokens, worth approximately $14 million last week. This modest addition follows a strategic shift, as the company redirected more capital toward repurchasing its own shares.
Bitmine nears 5% of Ethereum supply
With the latest purchase, Bitmine’s reserves have climbed to around 5.78 million ETH, representing nearly 4.8% of Ethereum’s circulating supply. The company’s stated objective is to reach 5% of the token’s available supply.
Bitmine trades publicly under the BMNR ticker and its stock price rose almost 6% today to $16.61. The value of Bitmine’s Ethereum holdings now stands at about $11 billion, highlighting its dominant position as both a cryptocurrency-focused treasury and a significant player in the digital asset sector.
Bitmine is second only to Strategy—led by Michael Saylor—in terms of total digital assets held by a corporation. Strategy’s Bitcoin holdings are valued at roughly $54 billion.
Mini dictionary: Bitmine is a public company specializing in digital asset treasury management, focusing on large-scale holdings of Ethereum to support its long-term investment and operational strategies.
| Company | Primary Asset | Total Holdings (Approx. Value) |
|---|---|---|
| Bitmine | Ethereum | $11 billion |
| Strategy | Bitcoin | $54 billion |
Buybacks now prioritized
Bitmine’s acquisition of just 7,430 ETH marks one of its smallest weekly increases since launching its treasury strategy in June 2025. The reduced pace reflects the company’s focus on capital allocation elsewhere. Lee, a representative from Bitmine, explained that the company repurchased 5.5 million common shares over the same period. He added that Bitmine has made weekly ETH purchases for more than a year since adopting this strategy.
Lee noted that the slower buying activity directly results from share buybacks, which were prioritized in the latest capital allocation period, even as the firm continues to make consistent ETH acquisitions each week.
By comparison, Bitmine purchased over 111,000 ETH during a single week in May, highlighting the recent deceleration.
Diversified portfolio and staking strategy
In addition to its ETH reserves, Bitmine disclosed that it holds 207 Bitcoin, maintains $385 million in cash and securities, and has a $180 million stake in Beast Industries alongside a $58 million position in Eightco Holdings.
The company revealed that 4.92 million of its ETH tokens—about 85% of its overall holdings—are staked via its proprietary MAVAN validator platform. This move is forecasted to generate nearly $247 million annually in staking revenue.
Mini dictionary: MAVAN is Bitmine’s dedicated Ethereum validator platform that facilitates staking, enabling the company to secure the network and earn rewards by participating in transaction validation. Ethereum staking involves locking up ETH to help validate network transactions and, in return, receive a share of the newly generated Ether as income.
