Bitmine ETH Holdings Hit 6.05M Tokens, Firm Nears Key Supply Milestone
Bitmine Immersion Technologies now holds 6.05 million ETH tokens, representing nearly 5% of total Ethereum supply, as it reports $15 billion in combined crypto and cash assets.
Bitmine Immersion Technologies (ticker: BMNR) disclosed that its Ethereum holdings have reached 6.05 million tokens, giving the company ownership of approximately 4.95% of the total circulating ETH supply of 122.2 million coins. The firm simultaneously reported combined crypto holdings and cash and marketable securities totaling $15 billion.
The company repurchased 2.04 million shares in the past week alone, extending what it described as the largest cumulative equity buyback ever executed by a crypto treasury company. Total share repurchases in 2026 now stand at 22.9 million shares, a figure the company said is unmatched in the sector.
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Bitmine also disclosed that it is 99% of the way toward an undisclosed internal milestone, though the source material did not detail the specific target. The aggressive buyback program and rapid accumulation of ETH suggest the company is positioning itself as a major institutional holder of Ethereum, in a strategy that parallels MicroStrategy's long-running Bitcoin accumulation approach.
The disclosures underscore growing institutional appetite for Ethereum as a treasury reserve asset, even as the broader crypto market continues to attract scrutiny from regulators. Bitmine's concentration of nearly 5% of the ETH supply in a single corporate entity raises questions about market influence that analysts and observers are likely to monitor closely.
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