Morning Edition · Tuesday, August 18, 2026Published at 1:51 AM EDT · New York

BitMine Stakes 87 Percent of Its Ether While Strategy Builds Cash and Buys No Bitcoin

BitMine now holds 5.82 million ether, about 4.8 percent of supply, as Strategy sits on a $4.8 billion cash reserve and its executive chairman rules out share buybacks as a priority.

The two largest listed digital-asset treasury companies are running opposite strategies, and both are informative. BitMine added 9,926 ether and now holds 5,815,164 ether, roughly 4.8 percent of the circulating supply, according to figures…