BitMine Immersion Technologies (BMNR) reported its Ethereum treasury grew to 5.82 million ETH, representing 4.8% of the total supply, while its weekly share buyback fell to 1.7 million shares, marking the third consecutive decline. Total crypto, cash, and “moonshot” holdings stood at $11.4 billion, down from $11.6 billion a week earlier. Chairman Thomas “Tom” Lee said the company has bought ETH every week since the treasury strategy began on June 30, 2025, and described the stock as undervalued. Cash and marketable securities fell to $78 million.
BitMine Immersion Technologies (BMNR) grew its Ethereum treasury to 5,815,164 tokens, or 4.8% of the 120.7 million ETH supply. The company is now 96% of the way to its stated target of owning 5% of all ETH.
The weekly share buyback fell to 1.7 million common shares, the smallest since the program began on July 1. This is the third consecutive decline, after weekly totals peaked at 6.1 million shares in the week to July 26.
BitMine has repurchased 20.8 million shares since July 1 under a $4 billion authorization. Chairman Thomas “Tom” Lee has called the stock undervalued in each of the last three releases.
Total crypto, cash, and “moonshot” holdings stood at $11.4 billion on August 16, down from $11.6 billion a week earlier. The company added 9,926 ETH over the period, but marked its ETH at $1,893 per token against $1,928 a week before.
Lee stated that the company is encouraged to see the ETH/BTC ratio at 0.02994 and rising, as reported. He linked the move to tokenization and agentic-AI applications.
In July, BitMine cut its weekly ETH buying from over 30,500 tokens to 7,430, a slowdown Lee attributed to capital redirected toward share repurchases. Cash and marketable securities fell to $78 million on August 16, declining from $527 million on June 28.
The company also reported 210 Bitcoin, a $180 million stake in Beast Industries, and a $73 million stake in Eightco Holdings (ORBS). The board declared 17 weekly cash dividends on its 9.50% Series A Perpetual Preferred Stock, most at $0.1847 per share, payable from September 4 through December 28. That security trades on the NYSE as BMNP against a $100 stated value.
