BitMine Buys 10,452 ETH As Holdings Near 5% Of Total Ethereum Supply At $14B

• BitMine Immersion Technologies holds 6,051,933 ETH, worth over $14 billion, representing 4.95% of Ethereum’s 122.2 million token supply.
• The company bought 10,452 ETH for approximately $24.5 million last week, down from 12,535 ETH the prior week.
• BitMine has staked 5.23 million ETH, projecting $318 million in annualized staking revenue at current rates.
• Alongside ETH buying, BitMine resumed share buybacks, repurchasing 2.04 million BMNR shares at an average $22.48, spending $45.9 million.

With a total of 6,051,933 ETH or more than $14 billion, according to on-chain data shared by analytics account Whale Insider. The latest weekly purchase of 10,452 ETH for roughly $24.5 million, BitMine Immersion Technologies (Nasdaq: BMNR) the Ethereum treasury company led by investor and Fundstrat Global Advisors co-founder Tom Lee is just 58,000 ETH away from achieving its public objective of holding 5% of all circulating ether.

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BitMine provided its latest holdings update for October 26, 2026

$15.0 billion in total crypto + “moonshots”:
– 6,051,933 ETH at $2,356 per ETH (per @coinbase)
– 215 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $76 million stake in Eightco Holdings (NASDAQ:$ORBS) (“moonshots”) and
– total cash and marketable securities of $514 million.

Ticker:
$BMNR common equity
$BMNP 9.5% perpetual preferred, dividends paid weekly
Chairman: Tom Lee @fundstrat
Link ⛓️
https://t.co/boeXEl9b6C

— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 26, 2026

Staking Generates $318M Annual Yield

Of BitMine’s 6.05 million ETH holdings, approximately 5.23 million (86%) are staked, generating projected annualized staking revenue of around $318 million at current network rates.

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“Over the past week, we acquired 10,452 ETH. Bitmine’s track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025,” stated Lee.

Weekly ETH buys (by week ending):
-10/26/26: 10,452 ETH coins
-10/19/26: 12,535 ETH
-10/12/26: 12,532 ETH
-10/5/26: 15,112 ETH
-9/28/26: 17,362 ETH
-9/21/26: 27,562 ETH
-9/14/26: 27,180 ETH
-9/7/26: 28,086 ETH
-8/31/26: 53,501 ETH
-8/24/26: 32,447 ETH
-8/17/26: 9,926 ETH
-8/10/26: 7,391 ETH
-8/3/26: 10,399 ETH
-7/27/26: 9,946 ETH
-7/20/26: 7,430 ETH
-7/13/26: 27,801 ETH
-7/6/26: 42,197 ETH
-6/29/26: 27,084 ETH
-6/22/26: 52,203 ETH
-6/15/26: 76,881 ETH
-6/8/26: 126,971 ETH
-6/1/26: 26,947 ETH
-5/26/26: 111,942 ETH
-5/18/26: 71,672 ETH
-5/11/26: 26,659 ETH
-5/3/26: 101,745 ETH
-4/26/26: 101,901 ETH
-4/19/26: 101,627 ETH
-4/12/26: 71,524 ETH
-4/5/26: 71,252 ETH
-3/29/26: 71,179 ETH
-3/22/26: 65,341 ETH
-3/15/26: 60,999 ETH
-3/8/26: 60,976 ETH
-3/1/26: 50,928 ETH
-2/23/26: 51,162 ETH
-2/17/26: 45,759 ETH
-2/9/26: 40,613 ETH
-2/1/26: 41,788 ETH
-1/26/26: 40,302 ETH
-1/20/26: 35,628 ETH
-1/12/26: 24,266 ETH
-1/5/26: 32,977 ETH
-12/29/25: 44,463 ETH
-12/22/25: 98,852 ETH
-12/15/25: 102,259 ETH
-12/8/25: 138,452 ETH
-12/1/25: 96,798 ETH
-11/24/25: 69,822 ETH
-11/17/25: 54,156 ETH
-11/10/25: 110,288 ETH
-11/3/25: 82,353 ETH
-10/27/25: 77,055 ETH

— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 26, 2026

The company’s Ethereum treasury strategy centers on per-share ETH accretion, mirroring the BTC-per-share model used by Bitcoin treasury firms, with staking income providing a recurring yield layer on top of price exposure.

Share Buybacks Resume After Ten-week Pause

The company also resumed its share buyback plan last week after about 10 weeks. It has bought back 2.04 million BMNR shares at an average cost of $22.48 per share for approximately $. The company has bought back 22.9 million shares with a total value of almost $400 million so far in 2026. “We will continue to buy back shares at times when we believe our shares are undervalued,” the company said.

Lee Links Crypto Dip To AI Stock Sell-off

“The reason we’ve seen crypto prices come off recently, particularly ETH being down 13% from its recent highs, is due to the overall risk-off trend also impacting artificial intelligence stocks. Whilst AI hardware stocks have fallen 20% over the period in the PHLX Semiconductor Sector Index (SOXX), we have only seen crypto fall by less which shows we are still in a bull run in crypto.” BMNR shares were trading around $20.95, down 6.47%.

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