BitMine Adds 7,430 ETH and Ramps Up Share Buybacks

BitMine adjusted its spending strategy last week as the company moved roughly $86 million into share repurchases. While the company slowed its recent pace of accumulation, it still added 7,430 ETH to its corporate treasury. This brings the total holdings for the firm to 5.77 million ETH.

The firm remains focused on its long term goal known as the Alchemy of 5 percent. This plan aims to hold a total of 5 percent of the entire Ethereum supply. Current data suggests they are moving steadily toward that milestone as they adjust their capital allocation between digital assets and equity.

Investors are watching these treasury moves closely to see how BitMine balances its aggressive accumulation of Ethereum with its commitment to returning value to shareholders. The company has not changed its ultimate treasury targets despite the recent shift in weekly spending priorities.