Bitmine Adds 10,452 ETH As Buybacks Near $400 Million

Bitmine Immersion Technologies has purchased another 10,452 Ethereum over the past week, bringing its total holdings to 6.05 million tokens worth approximately $14.26 billion, according to the company's October 26 treasury update. The latest acquisition puts the corporate treasury at 4.95% of Ethereum's total supply, moving the firm within striking distance of its long-standing 5% accumulation target.

Alongside its cryptocurrency purchases, the company repurchased 2.04 million shares over the past week at an average price of $22.48. This transaction takes Bitmine's total share buybacks in 2026 to 22.9 million shares, representing a cumulative expenditure of $399.6 million at an average price of $17.48 per share. Chairman Tom Lee described the program as the largest crypto treasury company common equity buyback ever executed.

Staking and Treasury Scale

Bitmine reported that more than 5.22 million ETH are currently staked through its operations, with the company estimating annualized staking revenue of approximately $318 million. The staked balance is valued at about $12.3 billion, representing roughly 86% of the company's total Ethereum holdings.

If the entire treasury is eventually staked through the Made in America Validator Network (MAVAN) and its partners, projected annual rewards could reach $368 million, based on a seven-day annualized staking yield of 2.58%.

Key facts

• Bitmine added 10,452 ETH over the past week, bringing its total holdings to 6,051,933 tokens.
• The company controls approximately 4.95% of Ethereum's total supply.
• Total share buybacks in 2026 reached 22.9 million shares worth $399.6 million.
• Staked Ethereum stands at 5,227,037 ETH, generating an estimated $318 million in annualized revenue.