Bitmine Stock Rises 4% Amid Repurchase Program and Growing Ethereum Holdings

Bitmine Immersion Technologies (BMNR) stock has risen 4% today, trading at $18, after the company announced it repurchased 1.7 million shares last week.

The buyback brings total share repurchases to over 20.8 million since July 2026 under a $4 billion buyback program.

Bitmine also added 9,926 ETH last week, pushing its total Ethereum holdings to 5.82 million tokens, representing 4.8% of the total Ethereum supply of 120.7 million coins.

The company's total assets as of August 16 came in at $11.4 billion, including 210 Bitcoin and a $180 million stake in Beast Industries.