{"id":10964,"date":"2026-07-21T08:28:06","date_gmt":"2026-07-21T08:28:06","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10964"},"modified":"2026-07-21T08:28:06","modified_gmt":"2026-07-21T08:28:06","slug":"bitmine-grows-ethereum-treasury-to-10-8b-while-buying-back-5-5m-shares","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10964","title":{"rendered":"Bitmine Grows Ethereum Treasury to $10.8B While Buying Back 5.5M Shares"},"content":{"rendered":"

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  • Bitmine held 5,777,468 ETH as of 19 July, valued at about US$10.86 billion (AU$15.53 billion) at the US$1,879 (AU$2,687) price the company used, or 4.8% of Ethereum\u2019s supply.<\/span><\/li>\n
  • The company repurchased about 5.5 million shares at an average US$15.6156 (AU$22.33), spending roughly US$85.9 million (AU$122.8 million) under a US$4 billion (AU$5.72 billion) authorisation.<\/span><\/li>\n
  • Weekly ether buying fell to 7,430 ETH, down from more than 111,000 ETH in a single week in May, which chairman Tom Lee attributed to the buyback.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitmine Immersion Technologies has grown its Ethereum (ETH) treasury to 5,777,468 ETH, worth about US$10.86 billion (AU$15.53 billion) at the US$1,879 (AU$2,687) price the company applied.\u00a0<\/p>\n

    This comes while spending roughly US$85.9 million (AU$122.8 million) buying back its own shares over the past week.\u00a0<\/p>\n

    Counting Bitcoin (BTC), equity stakes and cash, the company put total holdings at US$11.5 billion (AU$16.45 billion).\u00a0<\/p>\n

    That includes 207 BTC, a US$180 million (AU$257.4 million) stake in Beast Industries, a US$58 million (AU$82.9 million) stake in Eightco Holdings, which trades on the Nasdaq as ORBS, and US$385 million (AU$550.6 million) in cash and marketable securities.\u00a0<\/p>\n

    The figures were filed with the US Securities and Exchange Commission as an exhibit to a current report.<\/p>\n

    The ether valuation moves with the market. Ether traded at US$1,917.98 (AU$2,742) a day after the company\u2019s cut-off, which would put the same holding closer to US$11.08 billion (AU$15.84 billion).<\/p>\n

    Related: BlackRock Doubles Down on Digital Assets Despite 40% Drop in Crypto AUM<\/strong><\/p>\n

    Buying Pace Falls Away<\/h2>\n

    Bitmine added 7,430 ETH last week, worth about US$14 million (AU$20.02 million). In May it bought more than 111,000 ETH in a single week. \u201cThe reduced pace of buys reflects that Bitmine repurchased 5.5 million common shares,\u201d Lee said.<\/p>\n

    The repurchases were made at an average US$15.6156 (AU$22.33) a share. They fall under a US$4 billion (AU$5.72 billion) authorisation, a ceiling the board has approved, against which the company has now spent about US$85.9 million (AU$122.8 million).\u00a0<\/p>\n

    \u201cWe view the purchase of our common shares as accretive to shareholder value,\u201d Lee said. Bitmine shares closed at US$16.63 (AU$23.78) on the NYSE on 20 July, up 6% on the session and above the average repurchase price. The stock has risen from US$14.61 (AU$20.89) on 13 July.<\/p>\n

    Bitmine has 4,917,189 ETH staked, about 85% of its holdings, worth US$9.2 billion (AU$13.16 billion). The company puts annualised staking rewards at about US$247 million (AU$353.2 million) at present and US$290 million (AU$414.7 million) at full capacity, on a seven-day yield of 2.67%.<\/p>\n

    The holdings equal 4.8% of Ethereum\u2019s 120.7 million supply, which the company calls 96% of the way to its 5% goal. Bitmine describes itself as the largest Ethereum treasury and the second-largest corporate crypto treasury behind Strategy\u2019s Bitcoin holdings.\u00a0<\/p>\n

    Read more: Injective Seeks SEC Approval to Bring Securities Record-Keeping Onchain<\/strong><\/p>\n<\/p><\/div>\n

    BitMine,Ethereum#Bitmine #Grows #Ethereum #Treasury #10.8B #Buying #5.5M #Shares1784622486<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitmine held 5,777,468 ETH as of 19 July, valued at about US$10.86 billion (AU$15.53 billion) at the US$1,879 (AU$2,687) price the company used, or 4.8% of Ethereum\u2019s supply. The company repurchased about 5.5 million shares at an average US$15.6156 (AU$22.33), spending roughly US$85.9 million (AU$122.8 million) under a US$4 billion (AU$5.72 billion) authorisation. Weekly ether<\/p>\n","protected":false},"author":1,"featured_media":10965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[5603,5604,439,501,31,1450,881,585],"class_list":["post-10964","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-10-8b","tag-5-5m","tag-bitmine","tag-buying","tag-ethereum","tag-grows","tag-shares","tag-treasury"],"yoast_head":"\nBitmine Grows Ethereum Treasury to $10.8B While Buying Back 5.5M Shares - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10964\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmine Grows Ethereum Treasury to $10.8B While Buying Back 5.5M Shares\" \/>\n<meta property=\"og:description\" content=\"Bitmine held 5,777,468 ETH as of 19 July, valued at about US$10.86 billion (AU$15.53 billion) at the US$1,879 (AU$2,687) price the company used, or 4.8% of Ethereum\u2019s supply. 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