Quick Take
- Bitmine increased its Ethereum treasury to 5,787,4148 ETH after adding 9,946 tokens, bringing the total value of his holding to nearly $11.3 billion.
- The company also continued to buy back common stock, saying it repurchased 6.1 million common shares.
Bitmine Immersion Technologies kept its streak alive last week, adding 9,946 ETH to its Ethereum digital asset treasury, which now totals 5,787,4148, worth about $11.3 billion at current prices.
“Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Chairman Tom Lee said in a statement. The Ethereum treasury bought a larger quantity of ETH during this past week when compared to the previous one, in which it purchased 7,430 ether.
With a total of 5,787,414 ETH, Bitmine (BMNR) possesses about 4.8% of Ethereum's total supply.
The company also repurchased more shares last week.
“Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening,” said Lee.
Ethereum was up about 4% on Monday, changing hands at $1,959.30 as of 10:05 a.m, according to The Block Price Page.
Bitmine has repurchased a total of 11.6 million shares of common stock as part of its previously announced $4 billion share repurchase program.
The Ethereum treasury has 4,917,189 ETH staked, and projects annualized staking revenue of $254 million.
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