BitMine Digital has added 15,427 ETH to its treasury, representing approximately $69 million at current market prices. The coins were purchased through Galaxy Digital’s over-the-counter desk, and split across four separate settlements to limit market impact. The purchase was tracked by blockchain monitoring service Lookonchain and brings BitMine’s total holdings to over 2.17 million ETH, valued at around $9.7 billion.
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Sharplink Repurchases Shares as ETH Holdings Rise
Separately, on Monday Sharplink announced a repurchase of 1,000,000 SBET shares as part of its ongoing $1.5 billion buyback program. The company’s strategy connects SBET share value directly with Ethereum concentration. Sharplink reports holding 838,152 ETH as of September 14, valued at approximately $3.86 billion.
Read also: SharpLink Becomes Top Corporate Holder of Ethereum After $30.6M Buying Spree
Institutional Activity Around Ethereum
BitMine and Sharplink are among several corporate entities maintaining large ETH reserves. Analysts estimate that institutional holders now collectively control more than 3.5 million ETH. The staking yield – currently estimated at around 3% – is a contributing factor for continued ETH accumulation by treasury-focused entities. For example, Sharplink has earned 3,420 ETH in staking rewards since early June.
