Bitimine slowed down its purchase compared to that made the previous week.
Bitmine now holds 4.49% of the circulating supply of ether.
Digital asset treasuries are experiencing a strong shake-up with two of their biggest giants moving in opposite directions. Bitmine Immersion Technologies expands its reserves of ether (ETH), Ethereum’s cryptocurrency, while the Strategy firm today made its first sale of bitcoin (BTC) in four years.
Bitmine, the company with the largest amount of ether (ETH) in its treasury, reported today, June 1, the acquisition of 26,497 ETH during last week, valued at 53 million dollars. The transaction raised the company’s total holdings to 5,416,901 ETH, a figure that represents 4.49% of the global circulating supply of this cryptocurrency.
“In our opinion, the price of ETH does not reflect the strengthening of Ethereum fundamentals, but this is not surprising given that we are in the early stages of the ‘crypto spring,’” said Tom Lee, president of Bitmine. The manager thus justified the organization’s trust in the ecosystem founded by Vitalik Buterin.
Despite the volume of the transaction, today’s announcement shows a slowdown in the firm’s accumulation pace after making its largest purchase of 2026 a week earlier. The acquisition decreased more than 75% compared to the previous week’s collection, when they absorbed 111,000 ETH.
Bitmine’s corporate strategy has increasingly focused on generating income from its holdings through staking. For this purpose, the company uses MAVAN (Made in America Validator Network), its own institutional-grade Ethereum staking platform launched last March 25, as reported by CriptoNoticias. Currently, the total assets locked by the firm under this concept amounts to 4,718,677 ETH.
«Bitmine stakes more ETH than any other entity in the world. On a large scale, the projected reward for ETH staking is $296 million annually,” Lee commented regarding the performance of his assets.
In contrast, Strategy, the company that served as the accumulation model for Bitmine, sold bitcoin today, June 1, for the first time since 2022. The information was known through an official presentation by the company before the United States Securities and Exchange Commission (SEC).
The sale of bitcoin by Strategy was made for an amount of 2.5 million dollars. However, the operation does not significantly alter its leadership position among companies with BTC treasuries, since the company continues to be the listed firm with the largest amount of BTC in its possession. retaining an inventory of 843,706 BTC.
This scenario exposes a stark contrast between Bitmine’s aggressive capital accumulation and Strategy’s partial sale. This opposition of movements demonstrates that corporations no longer act in a homogeneous manner, but rather apply radically different purchase or sale strategies depending on their liquidity and treasury needs.