BitMine increased its holdings by 10,399 ETH last week, bringing the total holdings to approximately 5.798 million coins
According to PR Newswire, BitMine increased its holdings by 10,399 Ethereum last week. As of August 2, 2026, its total Ethereum holdings reached 5,797,813, accounting for approximately 4.8% of the total Ethereum supply.Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $11.3 billion, which includes $173 million in cash and securities, 209 Bitcoin, $180 million in equity assets from Beast Industries, and a $61 million investment in Eightco Holdings (NASDAQ: ORBS).In addition, the number of Ethereum it has staked is 4,917,189 (accounting for 85% of total holdings), valued at approximately $9.2 billion, with a current annualized staking yield of about $247 million.Tom Lee stated that the company repurchased 4.5 million shares of common stock this week, bringing the total repurchased since July 1 to 16.1 million shares, marking the largest common stock repurchase record for a cryptocurrency reserve company. He believes that historical patterns show that after ETH significantly outperforms QQQ, BitMine's stock price usually surpasses ETH's performance in the following month, and the current stock price is attractive.