Bitmine BMNR Surges on $11.8 Billion Crypto Treasury and Aggressive Buybacks

Bitmine Immersion Technologies (BMNR) shares surged 10.08% to $17.38 after announcing an $11.8 billion cryptocurrency treasury and accelerated share buyback program.

The company's Ethereum holdings reached approximately 5.79 million ETH, valued at around $11.3 billion based on a Coinbase reference rate of $1,948 per token. This represents about 4.8% of the total circulating supply of 120.7 million ETH.

Bitmine acquired an additional 9,946 ETH for its treasury reserves in the most recent reporting period, bringing its total to roughly 5.79 million ETH. The company has maintained a consistent schedule of weekly Ethereum purchases since initiating its ETH Treasury Strategy on June 30, 2025.