#bitmineadds10452eth
Bitmine is 58,000 ETH short of its 5% target, but the pace is slowing
Bitmine added 10,452 ETH in the week ending October 25, bringing its treasury to 6,051,933 ETH, or about 4.95% of the supply. At the benchmark price of $2,356, that amounts to approximately $14.3 billion. Chairman Tom Lee says the company has been buying ETH every week since mid-2025.
Key figures:
• Weekly purchase: 10,452 ETH (about $24.6M), down from 15,100 on October 4
• Gap to 5%: about 58,000 ETH
• Staked: about 5.23M ETH (86%)
• Share buyback: 2.04M shares at $22.48
• Treasury: about $514M, down from $643M on October 4
My take: at this pace, the 5% target could be reached in about six weeks (by my estimate). Projected staking revenue of $318M implies a yield of about 2.6%, close to the 7-day yield of 2.63% reported by Bitmine on October 4: this is a projection, not guaranteed income. Since share buybacks are also competing for capital, regular ETH purchases could slow as the target approaches.
Treasury purchases support market sentiment, but they cannot replace broader demand for ETH.
Will Bitmine continue to prioritize ETH or share buybacks?
This is not financial advice.
$ETH
$AIN
$TAG
Bitmine is 58,000 ETH short of its 5% target, but the pace is slowing
Bitmine added 10,452 ETH in the week ending October 25, bringing its treasury to 6,051,933 ETH, or about 4.95% of the supply. At the benchmark price of $2,356, that amounts to approximately $14.3 billion. Chairman Tom Lee says the company has been buying ETH every week since mid-2025.
Key figures:
• Weekly purchase: 10,452 ETH (about $24.6M), down from 15,100 on October 4
• Gap to 5%: about 58,000 ETH
• Staked: about 5.23M ETH (86%)
• Share buyback: 2.04M shares at $22.48
• Treasury: about $514M, down from $643M on October 4
My take: at this pace, the 5% target could be reached in about six weeks (by my estimate). Projected staking revenue of $318M implies a yield of about 2.6%, close to the 7-day yield of 2.63% reported by Bitmine on October 4: this is a projection, not guaranteed income. Since share buybacks are also competing for capital, regular ETH purchases could slow as the target approaches.
Treasury purchases support market sentiment, but they cannot replace broader demand for ETH.
Will Bitmine continue to prioritize ETH or share buybacks?
This is not financial advice.
$ETH
$AIN
$TAG
