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Magyar26 Oct 2026
Bitmine Immersion Technologies (BMNR), chaired by Tom Lee, bought 10,452 ETH in the week to October 25, lifting its treasury to 6,051,933 ETH, or 4.95% of Ethereum's supply. The company also bought back 2.04 million of its own shares and says about 5.23 million ETH is now staked.
Ethereum TradeReviewed News Desk
Bitmine Immersion Technologies, the Ethereum treasury company chaired by Fundstrat’s Tom Lee, added another 10,452 ETH to its balance sheet last week. According to the company’s press release on PR Newswire, Bitmine held 6,051,933 ETH as of October 25, 2026 at 2:00pm ET, equal to 4.95% of the roughly 122.2 million ETH in circulation. At the $2,356 per ETH price the company used, the weekly purchase is worth about $24 million.
BitMine ETH holdings and total assets
Bitmine said its combined crypto, cash, marketable securities and “moonshot” holdings total about $15 billion. Besides ETH, that includes 215 BTC, a $180 million stake in Beast Industries, a $76 million stake in Eightco Holdings and $514 million in cash and marketable securities.
“Over the past week, we acquired 10,452 ETH,” Lee said in the release, adding that Bitmine has bought ETH every week since its ETH treasury strategy started on June 30, 2025.
Staking and share buybacks
The company reported 5,227,037 ETH staked, about 86% of its holdings, which it values at roughly $12.3 billion. Based on that position, Bitmine estimates annualized staking revenue of about $318 million, rising to a projected $368 million if all of its ETH were staked through its MAVAN platform and partners.
Bitmine is also buying its own stock. As Investing.com summarised, it repurchased 2.04 million shares last week at an average of $22.48. In 2026 it has bought back 22.9 million shares in total for about $399.6 million.
What it means for traders
- Steady, not dramatic, demand: a 10,452 ETH weekly buy is small next to daily ETH volume, but the streak keeps a large corporate buyer in the market every week.
- Concentration risk: one company holding close to 5% of supply, most of it staked, is worth watching if treasury firms ever turn into sellers.
- Where to trade ETH: compare fees, liquidity and security in our crypto exchange comparison, read our BingX review and OKX review, and see how we test exchanges.
This article is for information only and is not financial advice.
Related reviews
Sources
- PR Newswire (Bitmine Immersion Technologies): Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.05 Million Tokens
- Investing.com: Bitmine reports 6.05M ETH holdings, $15B total assets
- Watcher.Guru: Tom Lee's 'BitMine' buys 10,452 $ETH worth $24 million.
News is for information only and is not financial advice. More crypto news
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