Last week, BitMine increased its holdings of 7430 $ETH and simultaneously repurchased 5.5 million shares of common stock
BitMine increased its holdings of 7430 Ethereum coins last week. As of July 19, 2026, its total Ethereum holdings reached 5777468, accounting for approximately 4.8% of the total Ethereum supply. At present, BitMine holds a total value of approximately $11.5 billion in cryptocurrencies, cash, and other investment assets, including $385 million in cash and securities, 207 bitcoins, $180 million in Beast Industries equity assets, and a $58 million investment in Eightco Holdings (ORBS). In addition, it has pledged 4917189 Ethereum tokens (accounting for 85% of its total holdings), valued at approximately 9.2 billion US dollars, with current annualized pledge income of approximately 247 million US dollars. Tom Lee stated that the company repurchased approximately 5.5 million common shares at an average price of about $15.62 last week within the framework of the previously authorized $4 billion stock repurchase plan, believing that this move would help enhance shareholder value, resulting in a slower pace of ETH buying. He also pointed out that since the launch of the ETH reserve strategy on June 30, 2025, the company has continuously increased its holdings of Ethereum every week without interruption.
BitMine increased its holdings of 7430 Ethereum coins last week. As of July 19, 2026, its total Ethereum holdings reached 5777468, accounting for approximately 4.8% of the total Ethereum supply. At present, BitMine holds a total value of approximately $11.5 billion in cryptocurrencies, cash, and other investment assets, including $385 million in cash and securities, 207 bitcoins, $180 million in Beast Industries equity assets, and a $58 million investment in Eightco Holdings (ORBS). In addition, it has pledged 4917189 Ethereum tokens (accounting for 85% of its total holdings), valued at approximately 9.2 billion US dollars, with current annualized pledge income of approximately 247 million US dollars. Tom Lee stated that the company repurchased approximately 5.5 million common shares at an average price of about $15.62 last week within the framework of the previously authorized $4 billion stock repurchase plan, believing that this move would help enhance shareholder value, resulting in a slower pace of ETH buying. He also pointed out that since the launch of the ETH reserve strategy on June 30, 2025, the company has continuously increased its holdings of Ethereum every week without interruption.