#BitMineAdds7430ETHAndBuysBack5.5MShares

‍
Most companies choose one strategy when they have excess capital. BitMine is doing something different—it's strengthening both its balance sheet and shareholder value at the same time.
Last week, the company added another 7,430 ETH to its treasury, bringing its total holdings to an impressive 5.77 million ETH. That now represents roughly 4.8% of Ethereum's total supply, putting BitMine just one step away from its ambitious "5% Alchemy" target.
Interestingly, this was the smallest weekly ETH purchase the company has made this year. At first glance, it might look like BitMine is slowing down. But that's not the full story.
Instead of using all available cash to buy more Ethereum, the company spent around $86 million repurchasing 5.5 million shares at an average price of $15.62. Management believes its stock is undervalued, so buying back shares is another way to create long-term value for investors.
BitMine's strategy has also evolved beyond simply accumulating ETH. Around 85% of its holdings are currently staked, allowing the company to generate a steady stream of passive income. With nearly 4.9 million ETH earning staking rewards, annualized staking revenue is estimated at approximately $247 million.
That explains why staking has become the company's primary business. In its latest quarterly results, nearly 98% of revenue came from staking and validator operations rather than traditional mining activities.
The bigger picture is becoming clear. BitMine isn't just betting on Ethereum's future price—it is building a long-term, yield-generating digital asset treasury while simultaneously rewarding shareholders through aggressive buybacks.
If Ethereum continues to grow as the foundation of decentralized finance, staking, and tokenized assets, companies with large ETH treasuries could become some of the biggest beneficiaries.
The question now isn't whether BitMine believes in Ethereum. It's whether this treasury-first strategy becomes the blueprint that other public companies choose to follow.