Business • July 20, 2026, 9:43AM EDT

Bitmine expands Ethereum treasury to 5.78 million ETH, repurchases 5.5 million shares

Quick Take

Bitmine increased its Ethereum treasury to 5,777,468 ETH, equal to 4.8% of the 120.7 million ETH supply.
The company also repurchased 5.5 million common shares under its previously authorized $4 billion buyback program.

Bitmine Immersion Technologies increased its Ethereum treasury to 5,777,468 ETH while repurchasing 5.5 million common shares under its previously authorized $4 billion buyback program, the company said Monday.

At current prices, the Ethereum treasury is worth about $10.8 billion, keeping Bitmine (BMNR) as the largest corporate ether holder globally and the second-largest corporate digital asset treasury behind Strategy, according to a statement.

The latest figure marks an increase of 7,430 ETH over the past week and places Bitmine 96% of the way toward its stated "alchemy of 5%" target, representing 5% of ether's 120.7 million-token supply.

Beyond ether (ETH), Bitmine reported holdings of 207 bitcoin, a $180 million stake in Beast Industries, a $58 million stake in Eightco Holdings, and $385 million in cash and marketable securities.

The Tom Lee-chaired company also repurchased 5.5 million common shares in the past week at an average price of $15.6156 under its previously authorized $4 billion share repurchase program.

"The reduced pace of buys reflects that Bitmine repurchased 5.5 million common shares," Lee said in the statement. "Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025."

Ether edged higher on Monday, rising 0.27% over the past 24 hours to $1,871.39, according to The Block's ETH price page. The asset trades about 62% below its all-time high of $4,946.05.

Bitmine said 4.92 million ETH, or about 85% of its holdings, is currently staked through its MAVAN validator platform and staking partners. According to the company, its staking operations generated a 2.67% seven-day annualized yield, with annualized staking revenue projected at about $247 million, increasing to roughly $290 million once its entire ETH treasury is staked.

Ethereum staking has also become Bitmine's primary operating business. According to the company's financial report for the quarter ended May 31, staking and validation generated $45.7 million, accounting for 98% of total quarterly revenue of $46.5 million.

Bitmine shares closed Friday's session at $15.69, up 1.62% on the day, according to The Block's BMNR price page.

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