Bitmine ETH Holdings Hit 5.79M Tokens, Total Crypto & Cash Reach $11.8B; Buyback Accelerates
BMNR sits 30% above its 52-week low of $12.8.
Summary
Bitmine's weekly update reveals ETH holdings grew to 5.79 million tokens, total crypto and cash reached $11.8 billion, and share buybacks accelerated to 6.1 million shares this week. Staking now covers 85% of ETH, generating $254 million in annualized revenue.
Key Events · Earnings and Guidance · BMNR
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ETH Holdings Reach 5.79M Tokens
Bitmine now holds 5,787,414 ETH, representing 4.8% of the total ETH supply of 120.7 million. This is up from 5.78 million tokens last week, with 9,946 ETH acquired in the past seven days.
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Total Crypto & Cash Hits $11.8B
Total holdings reached $11.8 billion, comprising 5.79M ETH ($11.3B at $1,948/ETH), 208 BTC, $268M in cash and marketable securities, and $241M in 'moonshots' (Eightco and Beast Industries stakes).
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Share Buyback Accelerates to 6.1M Shares
Bitmine repurchased 6.1 million common shares in the past week, up from 5.5 million the prior week. Since July 1, 2026, total buybacks have reached 11.6 million shares under the $4 billion repurchase program.
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Staking Revenue Projected at $254M Annually
4,917,189 ETH (85% of total holdings) is now staked, generating a 7-day annualized yield of 2.65%. Current annualized staking revenue is projected at $254 million, with potential to reach $299 million when fully scaled.
Analysis · BMNR · Crypto Assets
Bitmine's weekly update underscores a dual strategy of aggressive ETH accumulation and share repurchases. The company now holds 5.79 million ETH, representing 4.8% of the total supply, alongside total crypto and cash of $11.8 billion. This week's buyback pace accelerated to 6.1 million shares, bringing the total since July 1 to 11.6 million shares. Staking operations now cover 85% of ETH holdings, generating a projected $254 million in annualized revenue. Additional positive signals include the disclosure of inclusion in the Russell 1000 index and bullish technical commentary on ETH prices. This update reinforces the company's aggressive treasury strategy and capital return program, which are central to the investment thesis.
At the time of this filing, BMNR was trading at $16.63 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $12.80 to $71.74. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.