Bitmine adds 10,452 ETH as share buybacks approach $400M

Bitmine Immersion Technologies has purchased another 10,452 Ethereum over the past week, bringing its total holdings to 6.05 million ETH. Summary Bitmine purchased another 10,452 ETH over the past week, bringing its total Ethereum holdings to 6.05 million tokens worth approximately $14.26 billion. The company now controls 4.95% of Ethereum’s total supply and is approaching its long standing target of owning 5% of all ETH. Bitmine repurchased 2.04 million shares over the past week, taking its total buybacks in 2026 to 22.9 million shares worth $399.6 million. More than 5.22 million ETH are currently staked, with Bitmine estimating annualized staking revenue of approximately $318 million. According to the company’s October 26 treasury update, Bitmine bought back another 2.04 million shares over the past week at an average price of $22.48, bringing its total repurchases this year to 22.9 million shares. The company has spent $399.6 million on those buybacks at an average price of $17.48 per share. “This is the largest crypto treasury company common equity buyback ever executed, and reflects our commitment to shareholders,” Chairman Tom Lee said in an accompanying statement. Bitmine co...