Bitmine acquired 42,197 ether worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH.

BitMine continued its relentless accumulation of Ethereum while Bitcoin's biggest treasury firm parted ways with more of its holdings.

The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Bitmine added 42,197 ETH last week, boosting its Ethereum holdings to 5.74 million coins as total balance sheet assets surpassed $11 billion.

Bitmine acquired 42,197 ether worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH.

Bitmine Chair Tom Lee cited optimism about the passage of the Digital Asset Market Clarity Act in the US as the company reported increasing its total supply of Ether.

Bitmine stock is climbing after the company reported total crypto holdings, cash and marketable securities of $11.1 billion.

Bitmine buys $71.6 million of ETH, increasing holdings to 5.69 million. Ethereum reaching $1,900 in July at 49.5% YES.

Bitmine's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.