BMNR stock rises over 10% as BitMine adds 9,946 ETH

BitMine Immersion Technologies expanded its Ethereum treasury and accelerated its share buybacks last week, while BMNR stock jumped nearly 11% on Monday as ETH reclaimed $1,900. Summary BitMine acquired 9,946 ETH, raising its total holdings to 5.79 million ETH. The company now controls 4.8% of Ethereum’s total supply, nearing its 5% threshold. BitMine repurchased 6.1 million BMNR shares, bringing total buybacks to 11.6 million. BMNR gained 10.89% to $17.51, but still faces resistance near its 100-day average. BitMine adds 9,946 ETH to its treasury BitMine disclosed Monday that it purchased 9,946 ETH during the previous week, extending a weekly buying streak that began at the start of 2026. The latest acquisition increased the company’s holdings to 5,787,414 ETH, equivalent to approximately 4.8% of Ethereum’s total supply. That puts BitMine close to its stated goal of owning 5% of all ETH in circulation. The purchase also marked an increase from the prior week, when the company acquired 7,430 ETH. BitMine’s latest addition came as Ethereum recovered above $1,900 and reached its highest price in ten weeks. Most of the company’s ETH is generating staking rewards. BitMine has staked 4,...