Bitmine Slows ETH Purchases While Deploying $86 Million Stock Buyback

Bitmine has deliberately slowed its ETH buying pace while allocating $86 million toward a stock buyback.

ETH Buying Pace Decelerates: Figures and Rationale

The firm purchased only 7,430 ETH last week, a transaction worth $14 million at current prices. This marks one of the smallest weekly acquisitions since its treasury strategy launch in June 2025.

Strategic Weight of the Stock Repurchase

Chairman Tom Lee noted that the repurchase of 5.5 million shares at an average price of $15.62 is the primary driver behind the reduced ETH buying tempo.

Asset Base and Staking Revenue

Bitmine’s total assets stand at $11.5 billion, comprising 5.8 million ETH (about 4.8% of circulating supply) and 207 BTC among other holdings. The company has staked 4.92 million ETH (85%) on its MAVAN platform, projecting annual revenue of $247 million.

■ETH portfolio: 5.8M ETH (~4.8% of circulating supply)

■Stock buyback: 5.5M shares, avg. $15.62

■Staking revenue: $247M annual estimate

■Other assets: 207 BTC, $385M cash, $180M Beast Industries stake, $58M Eightco Holdings investment

Bitmine’s strategic shift creates a buffer against ETH price volatility, while the stock buyback may tighten short‑term liquidity and boost volatility. Over the long run, the 5% ETH ownership target and robust staking yields position the firm strongly in both crypto and traditional capital markets.