BitMine Immersion Technologies reported that its Ethereum reserves reached 6,051,933 ETH as of October 25, 2026. That holding represented 4.95% of Ethereum’s total supply of 122.2 million coins, compared with the company’s stated goal of accumulating 5% of the supply.

The combined value of BitMine’s cryptocurrencies, cash, marketable securities and other investments reached $15 billion, according to the company’s release.

Holdings and staking

In addition to Ethereum, BitMine’s reserves included 215 BTC, a $180 million stake in Beast Industries, a $76 million investment in Eightco Holdings, and $514 million in cash and marketable securities.

BitMine had staked 5,227,037 ETH, valued at about $12.3 billion using a price of $2,356 per coin. The company also uses its proprietary MAVAN platform, which is designed for institutional investors, for staking.

Weekly purchases and share buybacks

BitMine Chairman Tom Lee said the company acquired 10,452 ETH during the past week.

“BitMine has been buying ETH every week since launching its Ethereum accumulation strategy on June 30, 2025,” he said.

BitMine shifted to an Ethereum reserve-building strategy on June 30, 2025, when it announced that it had raised $250 million through a private placement of shares. Its goal is to accumulate 5% of the supply of Ethereum, the second-largest cryptocurrency by market capitalization.

The company previously increased its reserves to 5.39 million ETH in May 2026 and continued expanding its portfolio through weekly purchases in August.

BitMine also reported repurchasing 2.04 million of its shares during the past week at an average price of $22.48. Since the start of 2026, it has bought back 22.9 million shares for $399.6 million, at an average price of $17.48 per share.

BitMine’s shares have been in a downtrend since late September 2026, according to a daily chart of BMNR trading on the New York Stock Exchange from TradingView.

Source: Incrypted