0:00
0:00
Subscribe to Bankless or sign in
BitMine increased its 
Ethereum holdings to 3,629,701 ETH – now over 3% of total supply — after acquiring nearly 70,000 ETH last week.
What’s the Scoop?
- ETH Accumulation: BitMine's stash is worth about $10.2B, down from more than $12B two weeks ago as ETH fell nearly 30% over the past month.
- Financial Moves: The company recently reported $328M in net income for its fiscal year ending Aug. 31 and introduced a dividend for shareholders. BitMine also approved a share buyback plan in July to complement ongoing ETH purchases.
- Other Holdings: BitMine disclosed it also owns 192 BTC, holds a $38M stake in Eightco Holdings, and maintains $800M in unencumbered cash.
