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

PRNewswire, PRNewswire, 6th July 2026, Chainwire

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 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

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