BitMine increased its Ethereum holdings with a purchase of 10.452 ETH last week, bringing its reported reserves to approximately 4,95% of Ethereum’s supply.
According to Wu Blockchain, citing a company statement, BitMine’s total holdings reached 6.051.933 ETH. The statement accompanying the weekly purchase showed that the company was not only accumulating Ethereum but also buying back its own shares.
5,23 million ETH staked
BitMine reported that 5,23 million ETH of its holdings are staked. Used to participate in securing the Ethereum network and earn rewards, this amount accounts for approximately 86% of the company’s reported total ETH holdings.
The company’s reported 4,95% share of supply illustrates the scale of its Ethereum holdings. The weekly purchase totaled 10.452 ETH, while 6.051.933 ETH represents the company’s total accumulated holdings.
Share buybacks approach $400 million
That same week, BitMine bought back 2,04 million shares at an average price of 22,48 dollars. This brought the number of shares repurchased during 2026 to 22,9 million, with the total value of these transactions reaching approximately 399,6 million dollars.
The company reported that the combined value of its crypto assets, cash, marketable securities, and other investments was approximately 15 billion dollars.
Not investment advice.