Bitmine Immersion Holds 6.05M ETH Tokens, Eyes 5% Supply Share
Bitmine Immersion Technologies discloses a massive Ethereum position and record share buybacks totaling 22.9 million shares in 2026.
Bitmine Immersion Technologies (ticker: BMNR) has disclosed that its Ethereum holdings have reached 6.05 million tokens, representing approximately 4.95% of the total ETH coin supply of 122.2 million tokens in circulation, the company announced. The firm said its combined crypto assets along with cash and marketable securities stand at $15 billion in total holdings.
The Colorado-based company also reported that it repurchased 2.04 million shares in the most recent week alone, bringing its cumulative share buyback total to 22.9 million shares so far in 2026. Bitmine characterized the repurchase program as the largest equity buyback ever executed by a crypto treasury company, a distinction that underscores the scale of its capital allocation strategy.
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With its Ethereum stake now approaching 5% of the entire circulating supply, Bitmine said it is 99% of the way toward a previously stated accumulation milestone. The concentrated position makes the company one of the single largest institutional holders of Ether, a status that amplifies both its exposure to ETH price swings and its influence as a market participant.
The dual announcements — record buybacks paired with a near-complete accumulation target — reflect a capital deployment model that mirrors strategies previously associated with Bitcoin-focused treasury firms, now applied aggressively to Ethereum. Analysts have noted that such concentrated holdings create significant leverage to ETH's price performance, for better or worse, on the company's balance sheet.
Continue reading at Cryptocurrency for the full disclosure and additional financial details.
