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BitMine ETH Treasury Nears 6 Million Tokens As Total Holdings Reach $17.1B

TL;DR BitMine reported 5,983,940 ETH in its treasury, just short of 6 million tokens. The company valued its combined treasury holdings at $17.1 billion. The disclosure also listed 212 BTC, $714 million in cash and securities, and stakes in Beast Industries and Eightco. BitMine Immersion Technologies has pushed its Ethereum treasury to within touching distance of 6 million ETH. A September 21 filing shows the company holds 5,983,940 ETH, alongside 212 BTC and a wider portfolio of cash, securities and strategic investments. BitMine put the combined value of those holdings at $17.1 billion. BitMine’s ETH Position Keeps Growing The exact ETH figure matters here. BitMine has not yet crossed 6 million ETH; it reported 5,983,940 tokens. According to the company’s disclosure, that position represents roughly 4.9% of the circulating ETH supply figure it used in the filing. The company also reported $714 million in cash and marketable securities, a $180 million stake in Beast Industries and a $105 million stake in Eightco. Taken together, the numbers show that BitMine’s balance sheet is broader than ETH alone, even though Ethereum remains the dominant part of the story. Ethereum Treasury Companies Are Becoming Their Own Market Category Public-company crypto treasuries were once overwhelmingly associated with Bitcoin. BitMine’s strategy shows how quickly that model has expanded into Ethereum. Holding almost 6 million ETH gives the company exposure not only to the token’s price but also to the wider economics around staking, network activity and institutional demand for Ethereum-based assets. It also makes changes in the company’s treasury unusually important for the ETH market simply because of the size involved. For now, the filing supports a precise conclusion: BitMine holds 5,983,940 ETH and values its combined disclosed treasury assets at $17.1 billion. Anything beyond that — including assumptions about future purchases or when the company will cross 6 million ETH — remains outside the filing. This article was written by the News Desk and edited by Samuel Rae. Source: Primary Source

NewsBTCNewsBTC•NewsBTC Editorial Team22 Sept
  • favorable toward BitMine Immersion Technologies · 86%

Strategy Buys Another 950 Bitcoin As Holdings Reach 846,000 BTC

TL;DR Strategy bought 950 BTC during the week ending September 20 for $75.7 million. The purchases were made at an average price of $79,670 per Bitcoin. Strategy now reports 846,000 BTC acquired for an aggregate $63.80 billion. Strategy has added another 950 Bitcoin to its balance sheet, extending the corporate treasury strategy that continues to define the company. An SEC filing dated September 21 shows the purchases were made between September 14 and September 20 for an aggregate $75.7 million in cash. The average purchase price was $79,670 per BTC. Strategy’s Bitcoin Stack Reaches 846,000 BTC Following the latest acquisition, Strategy reported total holdings of 846,000 BTC. The company says those coins were acquired for an aggregate $63.80 billion, putting its average acquisition price at $75,416 per Bitcoin. The timing is worth keeping precise. The filing landed on September 21, but it covers purchases made over the prior week rather than a single transaction executed on filing day. That distinction has become increasingly important with Strategy’s regular treasury updates, which often bundle several purchases into one disclosure. The same filing also shows the company repurchased 1,771,238 shares of its STRC preferred stock for $174 million. Corporate Treasury Strategy Keeps Expanding Strategy’s latest move reinforces how aggressively it continues to use the public markets and its capital structure to support a Bitcoin-heavy balance sheet. At 846,000 BTC, the company’s exposure is no longer a side allocation. Bitcoin is central to how investors value the business, how its financing activity is interpreted and how changes in BTC price feed through to the company’s balance-sheet narrative. The latest purchase was made above Strategy’s aggregate average cost, which also means every incremental acquisition at current levels nudges that blended cost basis higher. For now, the key confirmed figures are the 950 BTC weekly purchase and the resulting 846,000 BTC total. The filing does not indicate that all 950 BTC were bought on September 21 itself. This article was written by the News Desk and edited by Samuel Rae. Source: Primary Source

NewsBTCNewsBTC•NewsBTC Editorial Team21 Sept
  • neutral toward MicroStrategy · 96%

Michael Saylor’s Strategy Restarts Bitcoin Purchases, Adding $76,000,000 Worth of BTC

The Bitcoin treasury firm Strategy (MSTR) purchased $76,000,000 worth of BTC over the past week. Strategy says it accumulated 950 Bitcoin at an average purchase price of $79,670 per BTC, stretching their total holdings to 846,000 BTC. News of the firm’s purchase broke on Monday morning as Bitcoin surged by more than 6% and cracked […]

The Daily HodlThe Daily Hodl•Conor Devitt21 Sept
  • neutral toward MicroStrategy · 95%

Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade

Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrency’s rebound helped corporate balance sheets recover losses. Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at an average price of $79,670, according to a regulatory filing […]

CryptoSlateCryptoSlate•Oluwapelumi Adejumo21 Sept
  • neutral toward MicroStrategy · 95%