Bitmine added nearly 10,000 ETH over the past week, increasing its holdings to 5.79 million Ether, or about 4.8% of Ethereum’s total supply, as ETH continues to outperform Bitcoin.

The Ethereum treasury company added nearly 10,000 ETH while expanding its stock buyback, citing ether outperforming bitcoin is sending a bullish signal.

BitMine holds 4.8% of all Ethereum in existence after buying $19M more ETH, with 4.9M staked and backing from ARK Invest and Pantera.