TL;DR:
- Bitmine acquired 10,399 ETH final week for about $19.1 million, bringing its whole holdings to almost 5.8 million Ethereum tokens.
- The corporate additionally purchased again 4.5 million of its personal shares, accumulating 16 million repurchased shares within the current interval.
- Chairman Tom Lee famous that ETH outperformed the Nasdaq 100 by 2,500 foundation factors in July, the most important margin since July 2025.
Bitmine Immersion (BMNR), the most important Ethereum treasury firm, acquired 10,399 ETH throughout the previous week, for an approximate worth of $19.1 million on the present value of $1,840 per unit. This buy introduced its whole holdings to practically 5.8 million ETH, equal to 4.8% of the circulating provide, in response to the weekly replace revealed by the corporate.
The operation is in step with the buy of 9,946 ETH recorded the earlier week and extends the streak of weekly acquisitions the corporate has maintained because it adopted its Ethereum treasury technique in June 2025. The agency additionally repurchased 4.5 million shares of its frequent inventory, bringing the whole of current buybacks to 16 million shares.
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BitMine supplied its newest holdings replace for August 3, 2026$11.3 billion in whole crypto + “moonshots”:
– 55,797,813 ETH at $1,880 per ETH per ETH (per @coinbase)
– 209 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $61 million stake in Eightco…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) August 3, 2026
The Logic of Tom Lee Behind Each Bitmine Buy
Tom Lee, chairman of Bitmine and co-founder of Fundstrat, linked the corporate’s technique to the relative efficiency of ETH in opposition to know-how shares. “In July, ETH outperformed the Nasdaq 100 by 2,500 foundation factors,” Lee said within the press launch. “It’s the largest hole since July 2025, and we consider it displays the strengthening fundamentals of the crypto market.” The manager additionally recalled that the final time ETH recorded an analogous month-to-month efficiency — in July 2025 — the cryptocurrency moved from roughly $2,375 to over $4,000 within the following month.
Lee additionally argued that Ethereum’s relative power has traditionally preceded positive aspects within the firm’s inventory because it remodeled its enterprise mannequin into an Ethereum-based treasury.
Bitmine‘s property, together with cryptocurrencies, money, and marketable securities, reached $11.3 billion as of August 2. Along with its ETH place, the agency holds 209 bitcoin, $173 million in money and securities, and fairness stakes in Beast Industries and Eightco Holdings. The corporate has 4.9 million ETH staked — practically 85% of its holdings — and initiatives annualized staking income of roughly $247 million by way of its MAVAN platform.
