Bitmine (BMNR) Stock Rises 5% After Weekly ETH Purchase and Buyback

TLDR

• Bitmine bought 9,946 ETH last week, bringing total holdings to 5,787,414 ETH worth $11.2 billion
• The firm now holds 4.8% of Ethereum’s circulating supply, closing in on its 5% target
• BMNR stock rose over 5%, trading around $16
• Share buybacks increased to 6.1 million, up from 5.5 million the prior week
• Chairman Tom Lee flagged the ETH/BTC ratio hitting a 3-month high at 0.3000 as a bullish signal

Bitmine (BMNR) added 9,946 ETH to its treasury last week, worth roughly $19.4 million at current prices. That brings total holdings to 5,787,414 ETH, valued at $11.2 billion.

Bitmine Immersion Technologies, Inc., BMNR

The purchase marks an increase from the prior week’s buy of 7,430 ETH. The company has now purchased ETH every week since launching its treasury strategy in June 2025.

BMNR stock climbed over 5% on the news, trading around $16.

Bitmine now holds approximately 4.8% of Ethereum’s total circulating supply. The company’s stated long-term goal is 5%.

Of the total holdings, 4,917,189 ETH — roughly 85% — is currently staked, worth around $9.6 billion.

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