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

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

Bitmine buys 42,197 ETH for $74M, reaching 95% of its 5% supply target as Strategy sells Bitcoin to fund dividends in the opposite direction.

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

Bitmine Immersion Technologies purchased 40,000 ETH for $71.6M from FalconX and Kraken, bringing its total holdings to 5.74 million ETH, roughly 4.8% of

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.