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Bitmine Immersion Technologies added 9,946 ETH and retired 6.1 million shares last week, tightening its grip on ethereum's supply while signaling that management sees value in both the asset and its own stock. As of 7 p.m. EDT on July 26, Bitmine disclosed it held 5,787,414 ETH worth about $11.

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The new complaint alleges an internal desk exploited customer data, while BitMEX says the case has no basis.

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Strategy MSTR (formerly known as Microstrategy) shares climbed on Monday after the company disclosed it had not purchased any Bitcoin for the fifth consecutive week, instead continuing to build its cash reserves and repurchase preferred shares under its revised capital allocation strategy. The company said in a filing that it neither bought nor sold Bitcoin during the week ended July 26, leaving its holdings unchanged at 843,775 BTC. Strategy acquired its Bitcoin treasury at an average purchase price of $75,476 per coin. Despite the pause in acquisitions, the stock gained as much as 6.8% to $97.88 on Monday, snapping a three-day losing streak. The move came as Bitcoin also recovered, rising 0.

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Bitmine Immersion Technologies (NYSE:BMNR) bought 9,946 Ethereum (CRYPTO: ETH) last week as Chairman Tom Lee said the ETH/BTC ratio hitting a three-month high signals crypto prices are strengthening. What Did Bitmine Buy And Why Does The ETH/BTC Ratio Matter?