Bitmine grows treasury to 5.78M ETH as Ether outpaces Bitcoin

Written by Nate Kostarstaff writerReviewed by Robert Lakinstaff editorWritten by Nate Kostarstaff writerReviewed by Robert Lakinstaff editorBitmine grows treasury to 5.78M ETH as Ether outpaces BitcoinLatest NewsPublishedJul 20, 2026The Ethereum treasury firm added 7,430 ETH over the past week, bringing its holdings to nearly 5% of the network’s circulating supply.Top Ethereum treasury company Bitmine said Monday its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company closed in on its stated goal of accumulating 5% of all ETH.According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. About 4.9 million ETH, or roughly 85% of its treasury, is currently staked through its validator network and partners.Bitmine valued its crypto, cash and marketable securities at $11.5 billion, including 207 Bitcoin and $385 million in cash and securities. The company also repurchased 5.5 million shares during the week under its previously authorized $4 billion buyback program.Earlier this month, BitMine said its institutional staking platform, MAVAN, generated $45.7 million in staking and validation revenue during the three-month period ended May 31, accounting for 98% of the company’s total revenue.BitMine shares were up more than 6% in Monday afternoon trading, bringing their one-month gain to around 3.3%.Source: Yahoo FinanceRelated: Bitmine announces $74M Ether buys as chair says ‘greater chances of Clarity Act passage’Ethereum gains momentum, Strategy builds cashThe announcement comes after the world’s largest corporate Bitcoin holder Strategy paused Bitcoin (BTC) purchases for a second straight week, instead raising capital through stock sales and growing its cash reserve to more than $3.2 billion.Ethereum (ETH) has also outperformed Bitcoin over both the past week and month. It has gained about 6.7% over the past seven days and 10% over the past month, compared with gains of ro…

Bitmine grows treasury to 5.78M ETH as Ether outpaces Bitcoin

Coins in this story

Related stories

UK Parliament begins inquiry into banking chokepoint for crypto businesses

Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April

Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind