Skip to content

Ether Giant Bitmine Bets on $400M Buybacks

Bitmine disclosed on October 26, 2026, that its cryptocurrency holdings, cash, marketable securities and strategic investments totaled about $15 billion. That included 6,051,933 ETH, or 4.95% of ether’s roughly 122.2 million circulating supply, valued at $2,356 per token.

The company said it bought 10,452 ETH and repurchased 2.04 million shares in the previous week. Its 2026 share repurchases totaled 22.9 million shares for about $399.6 million. Bitmine said it had staked 5,227,037 ETH and estimated $318 million in annualized revenue at current staking levels; a higher $368 million figure assumes it stakes all its ETH through its network and partners at a 2.58% annualized yield.

Source

Share