Bitmine’s Treasury Tops 6 Million ETH as Repurchases Near $400 Million

Bitmine Immersion Technologies’ holdings rose by 10,452 Ether (ETH) over the week ending Oct. 25, reaching 6,051,933 ETH, while its 2026 share repurchases reached $399.6 million.

The company valued its holdings at $2,356 per ETH at 2 p.m. ET (18:00 UTC) Oct. 25. It put that balance at 4.95% of a stated 122.2 million ETH supply.

Bitmine repurchased 2.04 million common shares during the week, at an average $22.48 apiece. Its 2026 total was 22.9 million shares repurchased at an average $17.48, for $399.6 million.

Bitmine Chairman Thomas “Tom” Lee called the total “the largest crypto treasury company common equity buyback ever executed” and said it reflected the company’s commitment to shareholders.

Bitmine has named its goal of accumulating 5% of ETH supply the “Alchemy of 5%” target. It also reported 5,227,037 ETH staked as of Oct. 25 and estimated $318 million in annualized staking revenue, using 5.2 million staked ETH and a 2.58% seven-day yield. The Oct. 26 update covered the week through Oct. 25.