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Bitmine nears 5% of all ether held, spending $400M on share buybacks in 2026

Protocol Fundamentals
26 Oct 2026, 18:05 WIB
Bitcoin
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Bullish
Bitmine nears 5% of all ether held, spending $400M on share buybacks in 2026

Bitmine Immersion Technologies now controls nearly 5% of all ether with 6.05 million ETH, valued at $15 billion in total assets. The company has spent about $400 million repurchasing 22.9 million of its own shares this year, aiming to boost shareholder value. Bitmine also stakes over $12 billion worth of ether, generating an estimated $318 million in annual revenue. This strategy highlights Bitmine's strong position in the crypto market despite recent price drops, as it continues expanding its crypto holdings while reducing its share count.

Bitmine Immersion Technologies has repurchased $400 million of its own shares this year, a notable figure in the crypto space. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 26, 2026 21:32 WIB: out of 50 major cryptocurrencies priced on Pluang, 31 rose and 17 fell. Among the top movers were ZIL (Zilliqa) with a price of Rp36 and a 1-day change of +5.36%, UNI (Uniswap) at Rp127,056 with +4.50%, and ENJ (Enjin Coin) at Rp454 with +2.32%. Pluang order activity showed strong buying interest, especially for ENJ with 99% buy orders and a typical hold time of 105 days.

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