Bitmine added 7,430 ether last week, worth about $14 million, as the company continued building its Ethereum position while also buying back $86 million of its own stock, according to CoinDesk.
The pace of ether accumulation appears to have slowed compared with earlier buying, even as the company remains focused on a stated goal of controlling 5% of Ethereum’s supply. The latest weekly addition puts the firm further along that path, though the reporting does not say how close it now is to the target.
The dual move highlights a capital allocation approach that is uncommon in crypto treasury strategies. On one hand, Bitmine is still adding to its ether holdings. On the other, it is returning capital through share repurchases, suggesting management sees value both in expanding its crypto reserves and in supporting its equity.
Bitmine’s buying activity is being watched closely by market participants because of the scale of its ether target. At the same time, the company’s stock buybacks indicate that it is not directing all available capital into digital assets. The balance between the two could matter for how investors assess the firm’s exposure to ether and its broader financial strategy.
The CoinDesk report did not provide additional details on funding, the timing of the repurchases, or whether the slower pace of ether buying reflects market conditions, internal capital planning, or both. It also did not include guidance from the company on future purchase activity.
For now, the latest figures show a company still adding to its ether stack, but at a reduced rate, while also using a significant amount of capital to repurchase shares. That leaves Bitmine in a position that combines treasury-style crypto accumulation with more traditional equity management.
The developments come as Ethereum remains one of the most closely watched assets in corporate crypto treasuries, where the size and speed of accumulation can influence investor attention. Still, without further disclosure, it is unclear whether Bitmine’s recent tempo marks a temporary pause or a more durable shift in its buying pattern.
