Bitmine adds $19.6M in ETH, repurchases 4.5M shares

cointelegraphPublished on 2026-08-04Last updated on 2026-08-04

Abstract

Bitmine Immersion Technologies expanded its Ether holdings by 10,399 ETH last week, valued at $19.6 million, as part of its ongoing crypto acquisition strategy. The company's total ETH holdings now stand at approximately 5.8 million, worth around $10.9 billion, representing about 4.8% of Ethereum's circulating supply. Bitmine's goal is to reach 5% of the total ETH supply. Additionally, the firm repurchased 4.5 million of its own common shares, bringing total buybacks since July 1 to 16.1 million shares under a previously approved $4 billion program. Bitmine's overall portfolio, including Bitcoin, cash, securities, and equity investments, is valued at $11.3 billion.

Ether treasury company Bitmine Immersion Technologies bought another 10,399 Ether last week and repurchased 4.5 million of its shares as it continued its crypto accumulation and stock-buyback program.

On Monday, Bitmine said it held 5,797,813 Ether (ETH) worth $10.9 billion. The company said its ETH holdings represent about 4.8% of Ether’s 120.7 million circulating supply. Bitmine is pursuing a target of 5% of the total ETH supply.

The company also held 209 Bitcoin (BTC), $173 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings. Its combined crypto, cash, securities and other investments were valued at $11.3 billion.

Bitmine said it has repurchased 16.1 million common shares since July 1 under its previously authorized $4 billion buyback program. This includes the 4.5 million shares purchased last week.

The latest disclosure follows Bitmine’s purchase of nearly 10,000 ETH, announced on July 28. At the time, the company said roughly 85% of its ETH holdings were staked through its validator operations.

Related: Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
cake
PancakeSwapCAKE
jst
JUSTJST

Related Questions

QHow much Ether (ETH) did Bitmine purchase last week, according to the article?

ABitmine purchased 10,399 Ether (ETH) last week.

QWhat is the current total value of Bitmine's Ether holdings?

ABitmine's Ether holdings are currently worth $10.9 billion.

QHow many of its common shares has Bitmine repurchased since July 1 under its buyback program?

ABitmine has repurchased 16.1 million common shares since July 1.

QWhat percentage of Ether's circulating supply does Bitmine's ETH holdings represent?

ABitmine's ETH holdings represent about 4.8% of Ether's circulating supply.

QBesides Ether, what other major assets does Bitmine hold as mentioned in the article?

ABesides Ether, Bitmine holds 209 Bitcoin (BTC), $173 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings.

Related Reads

Wall Street Morning Report: AI + Cloud Computing Takes Over the Market Again, Amazon Knocks on the Door of $3 Trillion

Wall Street's August began with a strong rally, driven by easing Middle East tensions as President Trump signaled progress on U.S.-Iran talks, prompting a sharp drop in oil prices. Major indices hit record or near-record highs, with the Dow Jones Industrial Average up 1.32%, the Nasdaq Composite surging 2.13%, and the S&P 500 rising 1.48%. The energy sector was the sole decliner. The AI and cloud computing narrative dominated the tech rally. The "Magnificent Seven" index jumped 3.6%. Amazon's market cap surpassed $3 trillion for the first time following robust AWS results, while Nvidia regained a $5 trillion valuation. Meta, Google, and Microsoft also posted significant gains. Other AI-related stocks like Palantir, CoreWeave, and various semiconductor and infrastructure companies saw strong advances. In other markets, gold held above $4,000, supported by central bank buying. Treasury yields fell as oil prices dropped. The U.S. dollar remained stable despite strong manufacturing data. Japan's substantial currency intervention raised concerns, but U.S. officials reassured markets about the mechanism used. Key events ahead include major industry conferences (Ai4 2026, FMS Summit) and earnings reports from companies like SpaceX, AMD, and Pfizer. The White House is also set to host a meeting with leading AI firms to discuss regulatory frameworks.

marsbit9m ago

Wall Street Morning Report: AI + Cloud Computing Takes Over the Market Again, Amazon Knocks on the Door of $3 Trillion

marsbit9m ago

The July Tech Stock Pullback: Which Funds Are Paying the Price for Buying High?

In July, China's technology stocks experienced a sharp correction, causing significant pain for actively managed mutual funds that aggressively increased their holdings in the sector during the second quarter. The sell-off saw major indices like the ChiNext and STAR 50 fall over 25% and 28% for the month, respectively. Funds that piled into tech at its June peak faced steep losses. Notably, several veteran "value investor" fund managers, known for long-term holdings in consumer staples, made dramatic shifts. Star managers like Zhang Kun (E Fund Blue Chip Selected) and Liu Yanchun (Invesco Great Wall Dingyi) drastically reduced positions in liquor stocks like Kweichow Moutai, switching instead to semiconductor and AI hardware companies like SMIC and Ingenic International. Data shows active equity funds' allocation to the electronics sector reached a historical high of 42.64% by end-Q2. Around 67 funds saw their TMT (Technology, Media, Telecom) weighting surge from an average of 6.75% to 54.99%. The consequences were severe in July: these high-TMT funds fell an average of over 20%, with 12 plunging more than 40%. Examples include Jinhua High-Quality Growth and Guoshou Anbao Wenhui, which fell 26.34% and nearly 40% respectively after raising TMT weights above 70%. The article also highlights issues of "style drift," where funds with names like "high-dividend" held high-P/E tech stocks instead, confusing investors. Newly launched funds suffered even more. For instance, Guotai Haitong New Energy RuiXuan Hybrid, launched in mid-June, saw its net asset value plummet to 0.5509 yuan by July 30, a loss of nearly 45%. Analysts note the extreme sector concentration mirrored past bubbles (e.g., 2021 new energy). The intense, crowded trade itself became a major risk. While tech stocks rebounded sharply on July 31, the funds that chased the high face a longer-term market test.

marsbit25m ago

The July Tech Stock Pullback: Which Funds Are Paying the Price for Buying High?

marsbit25m ago

Dalio's Warning: AI Bubble Is Here, Gold Is the Hard Asset

Ray Dalio, founder of Bridgewater Associates, warns that the AI sector is currently in a bubble, drawing parallels to historical examples like the 1929 crash and the dot-com bubble. He explains that revolutionary new technologies lead to excessive excitement and investment, often with investors ignoring price fundamentals and taking on debt, which ultimately creates unsustainable asset valuations. Dalio outlines three key signs that a bubble is about to burst: 1) Rising interest rates, which force asset sales for liquidity. 2) A significant increase in stock supply as companies issue more shares. 3) A shift in ownership from steadfast institutional investors to less knowledgeable, often leveraged, retail investors. To navigate the potential downturn, he strongly advocates for a diversified investment portfolio, criticizing cash as a poor long-term store of value due to inflation. He specifically recommends allocating 5-15% of a portfolio to gold, which he views as a unique "hard asset" and an effective hedge because it is no one else's liability. In contrast, he is skeptical of Bitcoin as "digital gold," citing potential vulnerabilities to future technologies like quantum computing and government intervention. Regarding the AI revolution, Dalio believes the primary beneficiaries will be capitalists who own the automating technology, potentially exacerbating wealth inequality as machines replace both physical and increasingly complex cognitive labor. However, he concludes that humans with exceptional intelligence and strong collaborative skills will continue to thrive by leveraging uniquely human traits like emotion and intuition that AI cannot replicate. Finally, touching on his theory of long-term cycles, Dalio suggests the world is currently approaching a significant inflection point in an approximate 80-year cycle of changing world orders.

marsbit53m ago

Dalio's Warning: AI Bubble Is Here, Gold Is the Hard Asset

marsbit53m ago

On the Eve of Circle's Earnings Report, Wall Street Shows Major Divergence in CRCL Valuation

On the eve of Circle (CRCL) releasing its quarterly earnings report, Wall Street analysts are deeply divided over the company's valuation. Morgan Stanley downgraded Circle from "Equal Weight" to "Underweight," slashing its price target from $106 to $38. Analyst James Faucette argues the market overestimates the growth potential of Circle's core USDC stablecoin, noting its circulation hasn't increased since Q3 2025 and new use cases beyond remittances and card spending are limited. He warns that slowing USDC growth could pressure the crucial "reserve income" and shift revenue toward lower-margin transaction fees. In stark contrast, TD Cowen initiated coverage with a "Buy" rating and an $82 price target. Analyst Bryan Bergin believes the market underestimates Circle's potential to evolve from a stablecoin issuer into a broader digital financial infrastructure platform. He forecasts a ~31% annual growth rate for USDC through 2030 and expects faster growth in fee-based revenue from services like payments, RWA tokenization, and its Arc network. A key external factor adding uncertainty is the stalled progress of the CLARITY Act in the US Senate, whose delay could dampen institutional adoption expectations for stablecoins. The core disagreement lies in whether Circle's future hinges on USDC circulation growth or a successful platform-based transformation. The upcoming earnings report is keenly awaited for insights into reserve income trends and the progress of newer business verticals.

marsbit2h ago

On the Eve of Circle's Earnings Report, Wall Street Shows Major Divergence in CRCL Valuation

marsbit2h ago

Hong Kong Stock Market in July: Super IPOs Coexist with Wave of Breakings, Hard Tech Still the Main Theme

The Hong Kong IPO market in July presented a "two-tiered" scenario characterized by both a mega-IPO and a significant wave of new stock listings falling below their issue price ("breaking issue"). The highlight was Zhongji Innolight's (stock code: 03308.HK) listing on July 30, which raised approximately HK$53.41 billion. This marked the largest IPO on the Hong Kong exchange in nearly seven years since Alibaba's secondary listing. A prominent trend was the continued dominance of A+H listings, with companies like Luxshare (02475.HK) and others contributing significantly to the total monthly fundraising of around HK$116 billion. In stark contrast, the market saw a sharp rise in "broken issues." Out of 17 new listings for the month, 7 broke issue on their debut, with the rate climbing to 47% by month-end. Factors contributing to this included an intense concentration of listings (15 in one week), profit-taking by investors, and a market reassessment of valuations, particularly for companies with unclear commercial prospects. Despite the sell-off, hard tech remained the core theme, accounting for over 70% of July's listings. Key sectors were semiconductors and AI/autonomous driving. However, market enthusiasm became highly selective, with extreme over-subscription for certain niche players while others were heavily sold off. This signals a shift from speculative fervor towards a more value-driven assessment. Looking ahead, recent listing reforms by the Hong Kong Exchanges are expected to attract more tech firms. With a large pipeline of over 350 companies awaiting listing, including potential large offerings like SHEIN, the market is poised for continued activity. Analysts view July's correction not as a downturn but as a healthy valuation reset, emphasizing the need for investors to carefully discern company fundamentals.

marsbit2h ago

Hong Kong Stock Market in July: Super IPOs Coexist with Wave of Breakings, Hard Tech Still the Main Theme

marsbit2h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions