Bitmine Adds 10,452 ETH as Share Buybacks Approach $400M
- On Monday, October 26, 2026, Bitmine Immersion Technologies, Inc. announced combined crypto and cash holdings totaling $15 billion, including the acquisition of 10,452 ETH and repurchase of 2.04 million shares during the past week.
- Driving this activity is the 'Alchemy of 5%' strategy, launched June 30, 2025, which aims to accumulate 5% of total Ethereum supply while management repurchases shares it deems undervalued to optimize shareholder value.
- Bitmine has repurchased 22.9 million shares this year for $399.6 million at an average price of $17.48, now holding 4.95% of Ethereum's 122.2 million supply alongside 6,051,933 ETH and $514 million in cash and marketable securities.
- Staking operations now include 5,227,037 ETH generating $318 million in annualized revenue, with potential rewards reaching $368 million if the entire treasury is fully staked through MAVAN, its institutional-grade validation platform.
- Despite Ethereum falling 13% from its recent peak, Chairman Tom Lee of Bitmine stated 'a crypto bull market is underway,' positioning the company to outperform as it strengthens its competitive position amid market volatility.
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Bitmine’s Holdings Value Dips to $15 Billion Despite 10,452 ETH Buy
Bitmine Immersion Technologies bought 10,452 ETH in the week through Oct. 25, lifting its holdings to 6,051,933 ETH, while a lower ether price contributed to a drop in the value of its combined crypto, cash and stakes to about $15 billion, the company announced on Monday. A week earlier, Bitmine reported $15.1 billion in total holdings after adding 12,535 ETH, with ether priced at $2,365. This update used a Coinbase price of $2,356 as of 2 p.m. …
Ethereum News: BitMine Just Bought 10,452 ETH and Now Owns 4.95% of All Ethereum
Bitmine just crossed a threshold that no single company has ever reached in Ethereum's history, and now the crypto market faces a question that could reshape ETH's price: what happens when the biggest buyer on earth stops buying?
Bitmine adds 10,452 ETH as share buybacks approach $400M
Bitmine Immersion Technologies has purchased another 10,452 Ethereum over the past week, bringing its total holdings to 6.05 million ETH. According to the company’s October 26 treasury update, Bitmine bought back another 2.04 million shares over the past week at…
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