Bitmine Hits $10.9B ETH Holdings Amid 4.5M Share Buybacks

Woofun AI reports that Bitmine Immersion Technologies has intensified its dual strategy of crypto accumulation and equity reduction, solidifying its position alongside entities like Beast Industries and Eightco Holdings. This aggressive posture involves significant holdings in Ether (ETH) and Bitcoin (BTC), marking a distinct operational shift for the firm.

The latest portfolio update reveals a total of 5,797,813 Ether, valued at $10.9 billion, following the acquisition of 10,399 Ether. This volume constitutes 4.8% of the 120.7 million circulating supply, inching closer to the company’s stated goal of capturing 5% of the total ETH supply.

Woofun AI data shows the broader treasury includes 209 Bitcoin, $173 million in cash and marketable securities, and other investments, bringing the combined value to $11.3 billion.

Concurrently, the firm executed a substantial share repurchase, buying back 4.5 million shares last week. This transaction contributes to a total of 16.1 million common shares repurchased since July 1 under the authorized $4 billion buyback program. The capital allocation reflects a disciplined approach to returning value to shareholders while accumulating digital assets.

This disclosure follows the July 28 announcement of nearly 10,000 ETH purchases, reinforcing the trend of rapid accumulation.

Notably, approximately 85% of these ETH holdings are actively staked through validator operations. This marks a continued commitment to yield-generating infrastructure rather than passive storage.