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Bitmine Secures 4.8% of ETH Supply in Record Expansion
['Kathleen Kinder', 'Written By', 'Reviewed By', 'Barry Elad', 'Thomas', 'Tom', 'Chairman', 'Bitmine Immersion Technologies', 'Kathleen Kinder Brings Over Years Of Experience In The Research Industry', 'With Deep Expertise In Finance']
CoinLaw
BitMine Immersion Technologies reported Ethereum holdings of 5,797,813 ETH as of August 2, 2026, equal to 4.8% of the token’s 120.7 million supply.
Share repurchases since July 1, 2026 total 16.1 million shares under a $4 billion authorization.
BitMine acquired 10,399 ETH over the past week, extending a weekly buying streak that has run since the treasury strategy began.
And this 4.9 million ETH is 85% of the 5.8 million ETH held by Bitmine.
Hence, Bitmine repurchased 4.5 million shares of common stock in the past week, as Bitmine’s management team continues to view Bitmine shares as attractively valued.