Bitmine adds 10,452 ETH and repurchases 2.04 M shares, bringing total crypto assets to $15 B
+4 new sources since this summary was written
Bitmine Immersion Technologies reported that it purchased an additional 10,452 ETH during the week ending Oct. 25, 2026, raising its total ETH balance to 6,051,933 tokens (4.95% of supply). The company also bought back 2.04 million common shares at an average price of $22.48, taking year‑to‑date repurchases to 22.9 million shares. Combined crypto, cash and marketable‑securities holdings now total $15 billion, with staked ETH valued at $12.3 billion.
Why it matters
The buyback program, now approaching $400 million, signals management’s view that the stock is undervalued and may support the share price. The incremental ETH purchase moves Bitmine 99% toward its self‑imposed 5% supply target, which could enhance its NAV and staking revenue potential.
Key facts
- 1Bitmine’s ETH holdings increased to 6,051,933 tokens, representing 4.95% of the 122.2 million ETH supply. cryptotimes.io
- 2The company added 10,452 ETH during the week, valued at about $24.6 million using its $2,356 reference price. cryptotimes.io
- 3Bitmine repurchased 2.04 million shares in the past week at an average price of $22.48 per share. cryptotimes.io
- 4Year‑to‑date share repurchases total 22.9 million shares at an average price of $17.48, amounting to $399.6 million. cryptotimes.io
- 5Total crypto, cash and marketable‑securities assets are $15 billion, including $514 million in cash and marketable securities. cryptotimes.io
- 6Staked ETH stands at 5,227,037 tokens, valued at $12.3 billion, generating an estimated $318 million in annualized staking revenue. cryptotimes.io
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.