BMNR Stock Soars on $11.8 Billion Crypto Treasury and Record Share Buybacks

Bitmine Immersion Technologies (BMNR) stock surged 10.08% to $17.38 after reporting an $11.8 billion crypto treasury, making it the largest Ethereum treasury and second-largest public digital asset treasury.

The company's Ethereum holdings increased with the addition of 9,946 ETH, bringing its total to nearly 5.79 million ETH, valued at approximately $11.3 billion using a Coinbase reference price of $1,948.

Bitmine also accelerated its share repurchase program, buying back 6.1 million common shares in the latest week, with total repurchases reaching 11.6 million shares under its authorized $4 billion buyback program since July 1, 2026.