Key Points:
- Bitmine holds 5,797,813 ETH, equal to 4.8% of supply and 96% of its 5% accumulation target
- The company has staked 4,917,189 ETH worth $9.2 billion and projects $247 million in annual staking revenue
- Bitmine repurchased 4.5 million shares last week after management described the stock as attractively valued
Bitmine Ether Treasury
Tom Lee Outlook
Lee said Ether outperformed the Nasdaq 100 by 2,500 basis points in July, its widest monthly advantage over the index since July 2025. Ether traded above $1,800 Monday but fell 5.23% over 24 hours.
Bitmine repurchased 4.5 million common shares during the week, bringing total buybacks since Jul. 1 to 16.1 million as management called the stock attractively valued.
The program authorizes up to $4 billion. The company is now 96% of the way toward its stated goal of controlling 5% of Ether’s 120.7 million-token supply.
The strategy combines token accumulation, staking income and share repurchases, while Bitmine has bought Ether every week since adopting its Ethereum treasury strategy on June 30, 2025. Lee noted that Ether rose from $2,375 in July 2025 to $4,057 by the end of August.
