BitMine Cuts Weekly Buyback to 1.7M Shares as ETH Treasury Hits 5.82 Million
BitMine Immersion Technologies (BMNR) has repurchased 1.7 million frequent shares within the week ending August 16. This is the smallest weekly buyback because the program started on July 1 and the third consecutive weekly decline, whereas the corporate’s Ethereum (ETH) treasury grew to 5,815,164 tokens.
Total crypto, money, and “moonshot” holdings got here to $11.4 billion, down from $11.6 billion every week earlier, regardless that BitMine added 9,926 ETH over the interval. The firm marked its ETH at $1,893 per token on August 16, in opposition to $1,928 every week earlier than. As reported, BitMine bought a 7,391 ETH batch that took the treasury previous 5.8 million tokens final week.
“We are inspired to see the ETH/BTC ratio at 0.02994 and rising,” said Thomas “Tom” Lee, Chairman of BitMine, who linked the transfer to tokenization and agentic-AI purposes.
Buyback Slows for Third Week
BitMine’s holdings equal 4.8% of the 120.7 million ETH provide, leaving it 96% of the best way to its said goal of proudly owning 5%. Lee mentioned the corporate has purchased ETH each week because the treasury technique started on June 30, 2025.
BitMine has repurchased 20.8 million frequent shares since July 1 underneath a $4 billion authorization. Weekly totals disclosed in its filings peaked at 6.1 million shares within the week to July 26, then fell to 4.5 million, 3 million, and 1.7 million. Lee has referred to as the inventory undervalued or attractively valued in every of these three releases, and described this system as the biggest ever executed by any crypto digital asset treasury.
Back in July, BitMine cut its weekly ETH shopping for to 7,430 tokens from greater than 30,500, a slowdown Lee attributed on the time to capital redirected towards repurchasing shares.
Cash Falls to $78 Million
Total money and marketable securities stood at $78 million on August 16, a line that has declined in each weekly disclosure since June 28, when BitMine reported $527 million, passing by way of $482 million, $385 million, $268 million, $173 million, and $104 million.
Alongside the ETH, the corporate reported 210 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $73 million stake in Eightco Holdings (ORBS).
BitMine’s board declared seventeen weekly money dividends on its 9.50% Series A Perpetual Preferred Stock on August 14, most at $0.1847 per share, payable from September 4 by way of December 28.
That safety trades on the NYSE as BMNP in opposition to a $100 said worth.
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