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 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 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 expanded its ethereum treasury as Strategy sold, highlighting two distinct institutional crypto strategies, at least for today.

BitMine Immersion Technologies bought 42,197 ETH worth $73M, bringing total holdings to 5.7 million tokens, nearly 5% of Ethereum's total supply.

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

Bitmine now holds 5.74 million ETH worth $10 billion after buying 42,197 more tokens, while Robinhood Chain launches as an Ethereum L2 using ETH for gas

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