Bitmine Immersion Technologies acquired 7,430 ETH last week, marking a sharp deceleration in its weekly accumulation pace. The firm redirected approximately $86 million toward repurchasing 5.5 million shares of its BMNR common stock. Bitmine’s total Ethereum treasury reached 5.78 million ETH, representing roughly 4.8% of the circulating supply. Ethereum treasury giant Bitmine Immersion Technologies (BMNR) slowed its token purchases last week, acquiring 7,430 ETH valued at approximately $14 million.
The company redirected capital toward equity repurchases, allocating nearly $86 million to buy back 5.5 million shares of its common stock. According to a company update released Monday, Bitmine executed the equity buyback at an average price of $15.61 under its previously authorized $4 billion share repurchase program.
The shift in capital allocation comes as the Las Vegas-based firm approaches its target of controlling 5% of Ethereum’s circulating supply. We view the purchase of our common shares as accretive to shareholder value, said Bitmine Chairman Thomas “Tom” Lee in a statement. Lee emphasized that the firm has maintained weekly Ether purchases continuously since initiating its corporate treasury strategy in mid-2025.
With its latest purchase, Bitmine’s total holdings stand at 5.78 million ETH valued at roughly $10.8 billion, representing 4.8% of the total circulating supply. The company’s balance sheet assets—which encompass crypto holdings, cash, and venture positions—reached $11.5 billion, including 207 Bitcoin, $385 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $58 million holding in Eightco Holdings.
Bitmine continues to generate cash flow from its reserves via its institutional validator network, MAVAN. The firm has staked approximately 4.92 million ETH—about 85% of its total holdings—projected to deliver $247 million in annualized staking rewards. Investors responded favorably to the buyback news, with BMNR shares advancing over 4% in Monday trading as market participants endorsed the corporate capital management decision.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
