Particle.news
Download on the App Store
13 ARTICLES
·
last mo.

BitMine Adds 82,353 ETH, Lifts Treasury to $13.7B as Shares Slide

The aggressive weekly buy pushes BitMine past the halfway mark toward its stated goal of owning 5% of Ethereum’s supply.

BitMine Adds 82,353 ETH
BitMine Immersion boosts Ether holdings by 82,353 ETH in a week
Image
Image

Overview

  • BitMine disclosed the purchase of 82,353 ETH for roughly $300 million, taking its holdings to about 3.4 million ETH, or roughly 2.8% of circulating supply.
  • The company reported total crypto, cash and equity assets of approximately $13.7 billion, including 192 BTC, $389 million in unencumbered cash and a $62 million stake in Eightco.
  • BMNR shares fell into the low $40s after the update, extending a multi‑session decline as broader crypto prices weakened and a $120 million Balancer exploit added near‑term pressure.
  • BitMine remains the largest corporate holder of Ethereum and the second‑largest overall crypto treasury, while peer Strategy reported a fresh 397 BTC purchase last week.
  • Reporting notes some prior BitMine ETH transfers were traced to Kraken‑ and BitGo‑linked wallets, and separate analysis says the firm’s ETH cost basis is currently above market prices.