Bitmine (BMNR) Stock Rises 4% as ETH Holdings Hit 5.82M – Time to Buy?

TLDR

• BMNR stock is up 4% today, trading at $18, after Bitmine repurchased 1.7 million shares last week
• Total share repurchases since July 2026 now exceed 20.8 million under a $4 billion buyback program
• Bitmine holds 5.82 million ETH, equal to 4.8% of total Ethereum supply, valued at $1,893 per token
• Total company assets stand at $11.4 billion, including 5.06 million staked ETH worth $9.6 billion
• Annualized staking revenues are projected at $250 million, with a 7-day yield of 2.61%

Bitmine Immersion Technologies (BMNR) stock is up 4% on August 17, trading at $18, after the company announced it repurchased 1.7 million shares in the week of August 10 to 14.

Bitmine Immersion Technologies, Inc., BMNR

That buyback brings total repurchases to over 20.8 million shares since July 1, 2026, under the company’s $4 billion share repurchase program.

Bitmine also added 9,926 ETH last week, pushing its total Ethereum holdings to 5.82 million tokens. At $1,893 per ETH based on Coinbase pricing, that represents a 4.8% slice of the total Ethereum supply of 120.7 million coins.

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