Bitmine grows treasury to 5.78M ETH as Ether outpaces Bitcoin
Cointelegraph 2026-07-20 17:50:00
Context: Bitmine, a prominent Ethereum treasury firm, has significantly expanded its holdings of Ether, adding 7,430 ETH to its treasury over the past week. This increase brings its total holdings to 5.78 million ETH, which now accounts for nearly 5% of the Ethereum network's circulating supply. The growth of Bitmine's Ether holdings comes as Ethereum's value has begun to outpace that of Bitcoin.
Key Facts
- Bitmine's Ether holdings have grown to 5.78 million ETH after adding 7,430 ETH over the past week, representing a significant expansion of its treasury.
- The firm's current holdings of 5.78 million ETH account for approximately 5% of the Ethereum network's circulating supply, demonstrating its substantial presence in the market.
- The increase in Bitmine's Ether holdings coincides with a period in which Ethereum's value has begun to outpace that of Bitcoin, highlighting a shift in the cryptocurrency landscape.