# 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.

- Published: 2026-08-18T05:51:40.786Z
- Canonical: https://polylog.news/crypto/2026-08-18/bitmine-stakes-87-percent-of-its-ether-while-strategy-builds
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/markets/2026/08/17/saylor-says-share-buyback-isn-t-a-priority-as-it-builds-its-usd4-8-billion-cash-reserve-though-a-possibility), [Bitcoin Magazine](https://bitcoinmagazine.com/news/strategy-goes-another-week-without-buying)

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…

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