BitMine adds another 7,391 ETH as BMNR tests key resistance

BitMine added 7,391 ETH and repurchased three million shares last week, but BMNR stock fell as its recovery ran into resistance near $18.63. Summary BitMine’s holdings reached 5.81 million ETH, equal to roughly 4.8% of the supply. The company has staked 5.07 million ETH, projecting $194 million in annual rewards. BitMine repurchased three million BMNR shares, taking total buybacks to 19.1 million. BMNR fell 2.44% to $18.36, remaining below its 100-day and 200-day averages. BitMine moves closer to its 5% Ethereum target BitMine Immersion Technologies acquired another 7,391 Ethereum (ETH) over the past week, extending a run of weekly purchases that began after the company adopted its treasury strategy in June 2025. According to an Aug. 10 company update, BitMine now holds approximately 5.81 million ETH. The position represents about 4.8% of Ethereum’s total supply and puts the company 96% of the way toward its goal of owning 5%. The balance sheet also includes 206 Bitcoin, cash, marketable securities and investments in Eightco Holdings and Beast Industries. BitMine valued its combined crypto, cash and other holdings at approximately $11.6 billion. The latest acquisition was smaller t...