Bitmine (BMNR) Stock: Climbs on $11.8 Billion Treasury and Record Buybacks

TLDR

• BMNR jumps after Bitmine reports an $11.8 billion crypto treasury

• Bitmine adds 9,946 ETH, raising holdings to nearly 5.79 million ETH

• Share buybacks reach 11.6 million under the $4 billion program

• Staked Ethereum climbs above 4.9 million with higher revenue outlook

• Bitmine remains the largest Ethereum treasury and second-largest overall

Bitmine Immersion Technologies (BMNR) advanced 10.08% to $17.38 after reporting an $11.8 billion crypto treasury. The company also expanded its Ethereum holdings and accelerated its share repurchase program. Meanwhile, management highlighted growing staking operations and continued weekly Ethereum purchases as core parts of its treasury strategy.

Bitmine Immersion Technologies, Inc., BMNR

Bitmine expands treasury with larger Ethereum position

Bitmine reported total crypto holdings, cash, marketable securities, and strategic investments worth $11.8 billion as of July 26. The portfolio included 5,787,414 ETH valued at approximately $11.3 billion using a Coinbase reference price of $1,948. The company also held 208 Bitcoin, $268 million in cash and marketable securities, and strategic equity positions worth $241 million.

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