Bitmine's Ethereum Treasury Hits 5.81 Million ETH After New Buy
Bitmine added 7,391 ether to its corporate reserves last week, pushing its total holdings to roughly $11 billion.
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Key takeaways
- Bitmine purchased 7,391 ETH over the course of a single week.
- Total holdings now stand at 5.81 million ETH.
- The firm's Ethereum portfolio is currently worth around $11 billion.
Bitmine just scooped up another 7,391 ether over the past week. That latest purchase lifts the treasury giant's full stash to 5.81 million ETH. On paper? That's roughly $11 billion parked right on its balance sheet.
Steady accumulation
Bitmine isn't hitting the brakes on its buying strategy. They keep grabbing thousands of tokens week after week, cementing their spot as a dominant institutional Ethereum titan.
Why it matters
Massive corporate treasuries lock away serious chunks of circulating supply. When big balance sheets absorb thousands of ETH and sit on them, it shows real conviction. For anyone holding or trading Ethereum, steady buys at this scale help build a much stronger floor under market sentiment.
Source: The Block
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