Ether Giant Bitmine Bets Big on Itself With $400M in Share Repurchases

Bitmine is closing in on an extraordinary milestone, controlling nearly 5% of all ether while spending almost $400 million so far this year buying back its own shares. The company’s expanding crypto empire now holds $15 billion in assets after just 15 months. Bitmine Immersion Technologies (NYSE: BMNR) disclosed Monday , Oct. 26, 2026, that its cryptocurrency holdings, cash, marketable securities and strategic investments totaled approximately $15 billion, including 6,051,933 ETH valued at $2,356 per token. That enormous stash represents 4.95% of ether’s roughly 122.2 million circulating supply, putting the company within striking distance of its ambitious “Alchemy of 5%” objective. The digital asset treasury (DAT) firm Bitmine acquired another 10,452 ETH over the previous week, continuing an uninterrupted purchasing streak dating to June 30, 2025.

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