Bitmine BMNR Surges on Major Buyback and Ethereum Holdings

Bitmine Immersion Technologies (BMNR) shares rose 4% on August 17 to $18 per share following the company's latest stock buyback announcement.

The firm repurchased 1.7 million shares during the week ending August 14, bringing its cumulative share count reduction to over 20.8 million since July 2026 under a $4 billion authorization.

Bitmine also accumulated 9,926 Ethereum tokens, increasing its total ETH position to 5.82 million tokens, representing approximately 4.8% of the circulating supply at a valuation of $1,893 per token.

The company's consolidated assets reached $11.4 billion, with 5.06 million staked ETH valued at $9.6 billion, generating an estimated annualized staking revenue of $250 million with a weekly yield of 2.61%.