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Bitmine buys 42,197 ETH to build $11.1B treasury while Strategy sells 3,588 BTC to pay dividends.

Market News
06 Jul 2026
Bitcoin
View Source
Neutral
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Bitmine Immersion Technologies expanded its ethereum holdings by acquiring 42,197 ETH, bringing its total to about 5.74 million ETH, valued at $11.1 billion including other assets. Meanwhile, Strategy sold 3,588 bitcoin for $216 million to fund preferred stock dividends, marking a shift from its usual bitcoin accumulation approach. Bitmine focuses on growing its ethereum treasury and staking operations, targeting ownership of roughly 5% of ethereum's supply, while Strategy balances bitcoin holdings with dividend obligations. These moves highlight evolving institutional strategies in crypto treasury management.

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