Bitmine repurchased 5.5 million shares and kept Ethereum buying pace unchanged

Bitmine said it repurchased about 5.5 million common shares at an average price of $15.6156 each under its approved $4 billion buyback plan, while Chairman Tom Lee said the company’s pace of buying Ethereum has not changed. Lee said Bitmine has continued buying ETH every week since launching its ETH Treasury Strategy on June 30, 2025. Earlier disclosures said the company added 7,430 ETH last week, bringing holdings to 5,777,468 ETH, or about 4.8% of Ethereum’s total supply, as it pursues its “Alchemy of 5%” goal of holding 5% of all ETH as a treasury reserve asset. Bitmine said 4,917,189 ETH, roughly 85% of its holdings, is staked through its MAVAN platform and valued at about $9.2 billion at around $1,879 per ETH. The company estimated current annualized staking rewards at about $247 million and said that could rise to about $290 million once fully deployed. Bitmine also said its crypto, cash and other investment assets totaled about $11.5 billion, including 207 Bitcoin, a $180 million stake in Beast Industries, $58 million in Eightco Holdings, and $385 million in cash and marketable securities.