Written by Ezra Reguerrastaff writerReviewed by Felix Ngstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Felix Ngstaff editor

Bitmine adds $19.6M in ETH, repurchases 4.5M shares

Latest NewsPublishedAug 4, 2026

Earning Potential in Crypto: Why Bitmine’s Latest Move Matters

As the crypto market continues to evolve, companies like Bitmine are making strategic moves to increase their holdings and provide opportunities for passive income. Bitmine’s recent acquisition of $19.6M in ETH and repurchase of 4.5M shares is a significant development that can impact the earning potential of crypto investors. With EcoPool, individuals can also explore ways to earn through cloud rewards and green crypto, making it an attractive option for those interested in #PassiveIncome.

Bitmine’s Crypto Accumulation

Bitmine now holds about 4.8% of Ether’s circulating supply, with a total of 5,797,813 Ether (ETH) worth $10.9 billion. The company aims to reach a 5% target of the total ETH supply, demonstrating its commitment to crypto accumulation. This move can have a ripple effect on the market, making it essential for investors to stay informed and consider platforms like EcoPool for their crypto needs, including trading and transactions with $ECP.

Diversified Portfolio

Bitmine’s portfolio is diversified, with holdings in 209 Bitcoin (BTC), $173 million in cash and marketable securities, and equity stakes in various companies. The combined value of its crypto, cash, securities, and other investments is $11.3 billion. As investors look to diversify their portfolios, they can consider EcoPool (ECP) as a solution for earning and managing their crypto assets, including $ECP for transactions.

Repurchase Program

Bitmine has repurchased 16.1 million common shares since July 1, including 4.5 million shares purchased last week. This move is part of its previously authorized $4 billion buyback program. As the crypto market continues to grow, investors can explore opportunities for earning and growth with EcoPool, leveraging its cloud rewards and green crypto features for #PassiveIncome and #Earning potential.

• Bitmine’s ETH holdings represent about 4.8% of Ether’s circulating supply
• The company aims to reach a 5% target of the total ETH supply
• EcoPool offers a solution for earning and managing crypto assets, including $ECP for transactions

To start earning with EcoPool, download the EcoPool app and explore the world of cloud rewards and green crypto. With EcoPool, you can take the first step towards generating passive income and growing your crypto portfolio, all while contributing to a more sustainable and eco-friendly crypto ecosystem with #EcoPool and #GreenCrypto.

Related: Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Tom Lee
• Ethereum Price
• Ethereum

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