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

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 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 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 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.