BitMine Immersion Technologies now holds 6,051,933 ETH, or around 4.95% of all Ethereum in circulation, after adding 10,452 ETH to its treasury. Under the direction of Fundstrat chairman Tom Lee, the NYSE-listed company has been pursuing weekly ETH purchases since June 2025.

A substantial share repurchase program, a sizable staking operation, and a high price projection are all evident in its most recent figures. BitMine plans to cease accumulating Ethereum assets once they reach 5% of the total supply.

BitMine Ethereum Holdings Reach 6.05 Million ETH

On October 26, 2026, BitMine released its most recent holdings, using data as of October 25. The company's treasury now stands at 6,051,933 ETH after acquiring 10,452 ETH the week before. Its position amounts to 4.95% of the entire supply, which is estimated to be 122.2 million ETH.

The acquisition is part of a plan that BitMine started developing for its Ethereum treasury on June 30, 2025. The company has continued to make weekly purchases under Lee's direction as it strives to hold 5% of all ETH.

Now that BitMine has achieved almost 99% of its declared goal, it is getting near to that milestone. The current period of steadily increasing its Ethereum reserves would come to an end with the anticipated pause in accumulation after reaching 5%.

BitMine Stakes Over 5.2 Million ETH for Revenue

About 86% of BitMine's total Ethereum assets, or 5,227,037 ETH, have been staked. Those staked assets were worth about $12.3 billion at the company's stated reference price of $2,356 per ETH.

Based on around 5.2 million staked ETH and its stated seven-day yield, the company projects annualised staking revenue of $318 million. This allows BitMine to make money from its assets without depending solely on a rise in the price of Ethereum.

This company is partially supported by its institutional staking platform, MAVAN, which has grown to include institutional investors, custodians, and other ecosystem partners. Actual earnings may vary from the current estimate since the predicted revenue is still contingent on network circumstances and staking yields.

BitMine also reported total assets of approximately $15 billion across its crypto holdings, cash, marketable securities and other investments. This figure represents the broader portfolio rather than the value of its ETH alone.

🧵 1/ BitMine provided its latest holdings update for October 26, 2026

$15.0 billion in total crypto + "moonshots":

• 6,051,933 ETH at $2,356 per ETH (per @coinbase)
• 215 Bitcoin (BTC)
• $180 million stake in Beast Industries @MrBeast
• $76 million stake in Eightco Holdings (NASDAQ:$ORBS) (“moonshots”) and
• total cash and marketable securities of $514 million.

Ticker:
$BMNR common equity
$BMNP 9.5% perpetual preferred, dividends paid weekly
Chairman: Tom Lee @fundstrat
Link ⛓️
https://t.co/boeXEl9b6C

— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 26, 2026

BitMine Repurchases Shares Under $399.6 Million Program

During the most recently reported week, BitMine repurchased 2.04 million shares at an average price of $22.48 per share in addition to its Ethereum acquisitions. The deal is a part of the company's record-breaking share repurchase activity in 2026, with a reported $399.6 million buyback program.

Additionally, BitMine reported repurchasing 22.9 million shares in total throughout the course of the year. As the company continues to expand its treasury of digital assets, the program adds a new dimension to its capital allocation strategy by allocating cash to its publicly traded equities.

By lowering the total number of outstanding shares, share repurchases can raise the proportionate ownership of current shareholders. However, the price paid and the company's financial performance determine how they affect shareholder value.

Tom Lee Expects Ethereum to Surpass $10,000

Within the next year, Tom Lee anticipates that Ethereum will surpass $10,000. This prediction offers crucial background for BitMine's choice to keep a sizable ETH treasury while getting closer to its ownership goal.

A shift to $10,000 would significantly raise the market value of the company's current holdings at the reported price of $2,356 per ETH. But this is still only Lee's prediction and not a certain result.

Achieving 5% of Ethereum's supply is BitMine's next strategic goal. The company's strategy combines a sizable Ethereum position with prospective recurring payouts while maintaining exposure to fluctuations in Ethereum's market price, as the majority of its existing holdings are already staked and the company generates predicted staking income.

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