Bitmine increases its ETH holdings by 10,399, bringing the total value of its crypto assets to $11.3 billion.

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Bitmine increased its ETH holdings by 10,399, bringing the total value of its crypto assets to $11.3 billion. Value investing in crypto remains a core strategy, as the company holds 5,797,813 ETH (4.8% of total supply), 209 BTC, $180 million in Beast Industries equity, $61 million in Eightco Holdings (NASDAQ: ORBS), and $17.3 million in cash. Over the past week, Bitmine added 10,399 ETH to its treasury, continuing its weekly accumulation since June 30, 2025. The company also repurchased 4.5 million shares under its $4 billion buyback program, bringing total repurchases to over 16.1 million shares. Bitmine has staked 4,917,189 ETH (valued at $9.2 billion), one of the largest ETH staking positions globally. Traders are monitoring key support and resistance levels following this move.

BlockBeats news: On August 3, Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced that, as of 4:00 PM Eastern Time on August 2, 2026, the total value of the company’s cryptocurrency, cash, tradable securities, and "Moonshots" reached $11.3 billion.


Among these, ETH holdings amount to 5,797,813 ETH (valued at $1,880 per ETH according to Coinbase), representing approximately 4.8% of the total ETH circulating supply (120.7 million ETH). Additionally, the company holds 209 BTC, equity stakes in Beast Industries worth $180 million and Eightco Holdings (NASDAQ: ORBS) worth $61 million, along with $173 million in cash and tradable securities.


Last week's key activity: Bitmine increased its ETH holdings by 10,399 ETH over the past week, marking consecutive weekly increases in ETH since launching its ETH treasury strategy on June 30, 2025.


During the same period, the company repurchased 4.5 million shares of common stock, bringing the total repurchased under the previously approved $4 billion buyback program to over 16.1 million shares. The company has currently pledged 4,917,189 ETH (valued at approximately $9.2 billion), making it one of the largest institutional ETH stakers globally, with a 7-day annualized staking yield of approximately 2.67%.

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