# BitMineAdds7430ETHAndBuysBack5.5MShares

BitMine added 7,430 ETH last week and repurchased approximately 5.5 million shares of common stock at an average price of $15.62, spending about $86 million under its previously authorized $4 billion buyback program. As of July 19, BitMine's total ETH holdings reached 5,777,468, representing about 4.8% of total supply — 96% of the way to its stated "5% Alchemy" target. This marks the 55th consecutive week of ETH purchases since launching its ETH treasury strategy on June 30, 2025, but last week's 7,430 ETH addition was the smallest weekly accumulation this year. Chairman Tom Lee explained the slower pace reflects the company's shift in capital allocation toward share buybacks. BitMine's total assets stand at approximately $11.5 billion, with 85% of its ETH holdings (~4.917 million ETH) currently staked, generating an estimated $247 million in annualized staking yield. Staking has become its core revenue driver — 98% of total quarterly revenue came from staking and validation operations as of May.