# Bitmine Added ETH While Strategy's BTC Lull Continues

*Author: Bankless*
*Published: Jul 27, 2026*
*Source: https://www.bankless.com/de/read/news/bitmine-added-eth-while-strategys-btc-lull-continues*

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Two of crypto's biggest corporate treasuries moved in opposite directions last week, as Strategy sat out Bitcoin buying for [the 5th week in a row](https://www.theblock.co/post/409721/strategy-extends-bitcoin-pause-to-five-weeks-sells-544-5-million-in-mstr-as-usd-reserve-hits-3-75-billion) while Bitmine added [another chunk of ETH](https://www.theblock.co/post/409749/bitmine-adds-nearly-10000-eth-repurchasing-6-1-million-common-shares) to its stack. 

## **What's the Scoop?**
- **Strategy's buildup:** Its 843,775 BTC holding didn't change, but the firm sold roughly $544.5M in stock and grew its USD reserve to $3.75 billion. This cash trove is now enough to cover about two years of preferred-dividend obligations.
- **Bitmine's buy:** In contrast, Bitmine added 9,946 ETH, up from 7,430 the prior week, pushing its treasury to 5,787,414 ETH (worth about $11.3 billion and nearly 5% of ETH's total supply.
- **Different targets:** Strategy is repurchasing preferred shares to ease its dividend load, while Bitmine upped its common-stock buyback to 6.1 million shares, bringing its total under a $4 billion program to 11.6 million shares.
- **Yield gap:** Unlike Strategy's static BTC pile, Bitmine's ETH stash isn't just sitting there. More than 4.9 million of the company's tokens are staked, a sum projected to generate about +$250 million in rewards this year.
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