Bitmine adds 10,399 ETH to treasury

Bitmine Immersion Technologies said on August 3 that it bought another 10,399 ether in the prior week, extending a corporate treasury strategy centered on accumulating Ethereum. The company said its total holdings reached 5,797,813 ETH, valued at about $10.9 billion in the disclosure cited by crypto media this week. Bitmine said that position represents about 4.8% of Ethereum’s 120.7 million circulating supply as it continues to pursue what it calls its “Alchemy of 5%” goal. Public filings and investor materials show the company has been reporting regular increases in ETH holdings since mid-2026. ### How large is the latest purchase in context? The 10,399-ETH addition is small relative to Bitmine’s overall treasury, but it pushed the company closer to the 5% supply target it has publicly set. Bitmine said on July 6 that it held 5,742,237 ETH as of June 28, up from 5,672,956 ETH disclosed on June 22, showing a steady cadence of additions before the latest August update. (cointelegraph.com) Monday’s disclosure put Bitmine at 5,797,813 ETH, up roughly 55,576 ETH from the June 28 figure disclosed in July. The company also said it held 209 bitcoin, $173 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings, with combined crypto, cash, securities and other investments valued at $11.3 billion. (sec.gov) ### Where did the 10,399 ETH figure come from? Bitmine’s investor disclosures are the primary source for the figure, and crypto publications on August 3 repeated the number from the company’s latest update. Cointelegraph reported that Bitmine added 10,399 ETH over the past week, while Decrypt said the purchase brought holdings to nearly 5.8 million ETH. (cointelegraph.com) The company’s own investor-relations page describes Bitmine as building an Ethereum treasury under its “Alchemy of 5%” strategy and says its first 12 months of operations produced 5.74 million ETH, or 4.8% of supply. That page also ties the treasury strategy to MAVAN, its staking platform, and to Bitmine’s stated role as a bridge between Ethereum markets and Wall Street. (cointelegraph.com) ### What else did Bitmine say in the same update? Bitmine said it repurchased 4.5 million shares in the same week under a previously authorized $4 billion buyback program. The company said total common-stock repurchases since July 1 reached 16.1 million shares. Tom Lee, Bitmine’s chairman, said in the company statement that management viewed the shares as attractively valued. (bitminetech.io) Decrypt reported that Lee linked the buyback to Bitmine’s view of relative performance between ETH and the Nasdaq 100, while the company’s earlier July 6 release said Lee also pointed to optimism around possible U.S. crypto legislation. (cointelegraph.com) ### How does Bitmine compare with other public ETH treasury companies? SharpLink, a Nasdaq-listed peer, has emphasized staking yield as a weekly operating metric rather than only headline holdings. SharpLink’s public dashboard says it reports total ETH holdings and staking rewards on a weekly basis, and third-party coverage last week said the company’s cumulative staking rewards had risen above 24,000 ETH. (decrypt.co) Crypto Economy’s August 6 report grouped Bitmine’s 10,399-ETH purchase with SharpLink’s staking figures as part of a broader review of Ethereum treasury companies in the 2024-2026 cycle, according to the source briefing provided for this story. That framing matches a broader pattern in company disclosures: Bitmine has focused on treasury scale and supply share, while SharpLink has highlighted staking output and weekly dashboard updates. (sharplink.com) ### What should readers watch next? Bitmine’s next treasury changes are likely to appear in another company disclosure or investor-relations update, based on its recent pattern of weekly or near-weekly reporting. SharpLink’s next comparable data point is expected on its ETH dashboard, which the company says updates weekly using holdings and staking figures as of the most recent Sunday. (bitminetech.io)