{"id":75028,"date":"2026-07-06T16:22:38","date_gmt":"2026-07-06T16:22:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/42197-eth-acquired-as-bitmine-builds-11-1b-crypto-treasury-while-strategy-sells\/"},"modified":"2026-07-06T16:22:38","modified_gmt":"2026-07-06T16:22:38","slug":"42197-eth-acquired-as-bitmine-builds-11-1b-crypto-treasury-while-strategy-sells","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/42197-eth-acquired-as-bitmine-builds-11-1b-crypto-treasury-while-strategy-sells\/","title":{"rendered":"42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy sold 3,588 BTC on Jul. 5 to fund preferred stock dividends.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitmine added 42,197 ETH, bringing holdings to 5.74 million ether.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tom Lee targets 5% of ethereum supply as institutional treasury models evolve.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Strategy Breaks With Its Bitcoin Accumulation Playbook<\/h2>\n<p>Earlier in the day, Strategy <a href=\"https:\/\/news.bitcoin.com\/strategy-sells-3588-bitcoin-for-216-million-to-cover-dividend-payments\/\">announced<\/a> it sold 3,588 <span>BTC<\/span> for approximately $216 million, marking its largest <span>bitcoin<\/span> sale since resuming limited dispositions in recent years. According to co-founder Michael Saylor, the proceeds funded quarterly dividends tied to the company\u2019s STRF, STRE, STRK, and STRD preferred shares, along with the June monthly dividend for STRC.<\/p>\n<p>Following the transaction, Strategy\u2019s <span>bitcoin<\/span> treasury declined to 843,775 <span>BTC<\/span> while the company reported approximately $2.55 billion in cash reserves. The sale represented a notable departure from the accumulation-first approach that has defined Strategy\u2019s corporate identity for years.<\/p>\n<p>Although Strategy remains the world\u2019s largest corporate <span>bitcoin<\/span> holder, the transaction demonstrated that preferred stock obligations now play a meaningful role in the company\u2019s capital management decisions. A great deal of <span>crypto<\/span> supporters and detractors commented on the news. <span>Bitcoin<\/span> and Strategy critic <a href=\"https:\/\/news.bitcoin.com\/strategy-could-sell-3-25-billion-in-bitcoin-under-new-plan-peter-schiff-warns\/\">Peter Schiff<\/a> took to X and <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2074117911774400736?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">wrote<\/a>:<\/p>\n<blockquote>\n<p>\u201cMSTR now has a completely different business model. Instead of selling common and preferred stock and issuing debt to buy <span>bitcoin<\/span>, the new strategy is to sell <span>bitcoin<\/span> to pay interest and dividends, pay off debt, buy back shares it sold, and hope that <span>bitcoin<\/span>\u2019s price goes way up.\u201d<\/p>\n<\/blockquote>\n<h2>Bitmine Accelerates Ethereum Accumulation<\/h2>\n<p>While Strategy reduced its <span>bitcoin<\/span> holdings, Bitmine <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-74-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-1-billion-302818093.html\" target=\"_blank\" rel=\"noopener noreferrer\">disclosed<\/a> that it continued expanding its ethereum treasury, reporting total <span>crypto<\/span>, cash, marketable securities, and other investments valued at approximately $11.1 billion.<\/p>\n<p>The company said it now holds 5,742,237 <span>ETH<\/span>, representing roughly 4.8% of ethereum\u2019s estimated circulating supply of 120.7 million ether. Bitmine also reported holding 206 <span>BTC<\/span>, approximately $527 million in cash and marketable securities, plus equity investments that include stakes in Beast Industries and Eightco.<\/p>\n<p>Chairman <a href=\"https:\/\/news.bitcoin.com\/tom-lees-bitmine-adds-76881-eth-as-holdings-reach-5-62-million-eth\/\">Tom Lee<\/a> said Bitmine acquired an additional 42,197 <span>ETH<\/span> during the past week, maintaining what he described as a steady pace of accumulation throughout 2026.<\/p>\n<p>\u201cWe continue to maintain a steady pace of accumulation throughout 2026,\u201d Lee remarked. The Bitmine executive added:<\/p>\n<blockquote>\n<p>\u201cWe believe we are in the early stages of <span>crypto<\/span> spring. Bitmine is expected to reach the \u2018alchemy of 5%\u2019 sometime in 2026.\u201d<\/p>\n<\/blockquote>\n<h2>Staking Strategy Extends Beyond Treasury Growth<\/h2>\n<p>Bitmine\u2019s strategy extends beyond simply holding ether.<\/p>\n<p>The company reported that 4,879,157 <span>ETH<\/span>, valued at approximately $8.8 billion using an <span>ETH price<\/span> of $1,800, is already staked through its Made in America Validator Network, or MAVAN, and other <span>staking<\/span> partners. Lee explained that the figure represents roughly 85% of Bitmine\u2019s total <a href=\"https:\/\/news.bitcoin.com\/ethereum-explained-a-beginners-guide\/\">ethereum<\/a> holdings.<\/p>\n<p>According to the company, annualized <span>staking<\/span> rewards at current rates could reach approximately $277 million when its ether treasury becomes fully deployed through MAVAN and affiliated validators. Bitmine currently projects annualized <span>staking<\/span> revenue of approximately $235 million based on its existing deployment.<\/p>\n<p>The company also highlighted its recent inclusion in the Russell 1000 Index and said its Series A Preferred Stock, trading under the ticker BMNP, pays weekly dividends.<\/p>\n<h2>Two Treasury Strategies Come Into Focus<\/h2>\n<p>The announcements illustrate two distinctly different institutional approaches to digital asset treasury management.<\/p>\n<p>Strategy used part of its <span>bitcoin<\/span> reserve to satisfy obligations created by its preferred stock offerings while continuing to maintain one of the largest corporate <span>bitcoin<\/span> positions in the world. The <span>bitcoin<\/span> treasury firm is still light years ahead of any private and public company, and exchange-traded fund (ETF), in terms of <span>BTC<\/span> held.<\/p>\n<p>Bitmine, meanwhile, continued directing capital toward ethereum accumulation while simultaneously expanding its <span>staking<\/span> operations, positioning <span>staking<\/span> income as an increasingly important component of its treasury model.<\/p>\n<p>Lee also pointed to improving odds surrounding the proposed <a href=\"https:\/\/news.bitcoin.com\/clarity-act-misses-july-4-august-7-deadline\/\">Clarity Act<\/a>, arguing that greater regulatory certainty could support broader adoption of <span>smart contract<\/span> platforms. He cited Ethereum\u2019s role in payment infrastructure and layer-two networks as examples of practical <span>blockchain<\/span> usage that could benefit from additional regulatory clarity.<\/p>\n<h2>What This Means for Crypto Investors<\/h2>\n<p>Monday\u2019s disclosures may draw attention because they reflect how institutional treasury strategies are beginning to diverge as companies mature.<\/p>\n<p>Strategy showed that maintaining preferred stock dividends can require selective <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> sales, even for one of the market\u2019s most committed long-term holders. Bitmine, by contrast, continues measuring progress through ethereum accumulation and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> expansion, with management targeting ownership of approximately 5% of ethereum\u2019s total supply.<\/p>\n<p>Rather than signaling a broad institutional shift away from <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>, the announcements highlight that publicly traded <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> treasury companies are increasingly pursuing different objectives, funding structures, and income models as digital asset markets continue to evolve.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/42197-eth-acquired-as-bitmine-builds-11-1b-crypto-treasury-while-strategy-sells\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Strategy sold 3,588 BTC on Jul. 5 to fund preferred stock dividends. Bitmine added 42,197 ETH, bringing holdings to 5.74 million ether. Tom Lee targets 5% of ethereum supply as institutional treasury models evolve. Strategy Breaks With Its Bitcoin Accumulation Playbook Earlier in the day, Strategy [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":75029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75028"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75028"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75029"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}