Bitmine Adds 7,391 Ether in a Week as Treasury Hits $11 Billion
Bitmine bumped its Ethereum treasury to 5.81 million ETH after picking up another 7,391 coins over the past week.
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Key takeaways
- Bitmine purchased 7,391 ETH over the past seven days.
- The firm now controls 5.81 million total Ethereum.
- The complete holdings are valued at roughly $11 billion.
Bitmine tacked another 7,391 ether onto its balance sheet over the past week. That latest buy pushes the company's total Ethereum reserve to a massive 5.81 million ETH.
At today's market rates, that stash sits at roughly $11 billion. Bitmine isn't slowing down, either—it's systematically constructing one of the largest corporate crypto reserves on record, soaking up supply week in and week out.
Why it matters
A single balance sheet controlling 5.81 million ETH changes how this market behaves. Period. Pulling $11 billion in supply off public exchanges squeezes available liquidity for everyone else. If you hold or trade Ethereum, tracking whether corporate treasuries keep stacking—or ever decide to unwind—is simply essential for understanding long-term price action.
Source: The Block
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Daniel tracks crypto regulation and policy across the US, EU and Asia, with a decade in financial journalism.
