Bitmine now holds 5.8 million ETH, nearly 5% of circulating supply, while repurchasing 4.5 million shares under a $4 billion program.
Bitmine Immersion Technologies added 10,399 ETH, valued at $19.5 million, to its treasury last week, bringing total holdings to 5.8 million ETH. The purchase extends a year-long accumulation strategy that began in June 2025, positioning the company as the largest corporate Ethereum holder.
The company’s ETH stash, worth $10.9 billion at $1,880 per token, represents 4.8% of Ethereum’s circulating supply. Bitmine also repurchased 4.5 million shares under its $4 billion buyback program, citing attractive valuation.
Bitmine’s total assets, including crypto and cash, now stand at $11.3 billion. Chairman Tom Lee noted historical outperformance of Bitmine shares following ETH rallies, reinforcing the buyback decision.