Bitmine ETH Holdings Surge to $11.3B Amid Accelerated Weekly Accumulation

Woofun AI reports that Bitmine has intensified its corporate Ethereum accumulation strategy, with Chairman Tom Lee confirming an uninterrupted purchasing cycle since late June 2025. This sustained activity underscores a strategic pivot by the firm toward treating ETH as a core treasury asset rather than a speculative holding.

The latest weekly acquisition added 9,946 ETH to the firm’s balance sheet, bringing total holdings to 5,787,414 ETH. At current market valuations, this treasury is worth approximately $11.3 billion. The transaction marks the continuation of a buying streak initiated when the company first launched its Ethereum reserve strategy in late June 2025.

Structurally, this accumulation reflects a broader institutional shift away from exclusive Bitcoin reliance. While Bitcoin remains the dominant reserve cryptocurrency, Ethereum’s utility in decentralized finance, tokenization, and staking has attracted significant capital. Bitmine’s holdings now represent nearly 4.8% of ETH’s circulating supply, a position that elevates its influence within the ecosystem.

Notably, the ETH/BTC ratio has shown renewed strength, signaling that institutional investors are increasingly comfortable allocating larger portfolio portions to Ethereum alongside Bitcoin.

Woofun AI data shows that the recent purchase volume of 9,946 ETH exceeded the previous week’s acquisition of 7,430 ETH. This increase indicates an accelerated accumulation pace despite ongoing market volatility.

The deeper driver is the company’s confidence in Ethereum’s relative performance against Bitcoin, which has recently outperformed on a relative basis.

Beyond crypto reserves, Bitmine returned capital to shareholders by repurchasing 6.1 million common shares, surpassing the 5.5 million shares bought back in the prior period. Management attributed this aggressive buyback to improving market conditions, even as uncertainty persists regarding U.S. crypto legislation like the Clarity Act. This dual approach of asset accumulation and equity repurchase marks a definitive shift in corporate treasury management.