Bitmine Immersion Technologies (NYSE: BMNR) acquired 7,430 ether (ETH) over the past week, its smallest weekly purchase since launching its treasury strategy, as the company shifted capital toward buying back its own stock, according to a company press release issued July 20.

PRNewswire, PRNewswire, 20th July 2026, Chainwire

The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply.

Bitmine expanded its ether treasury to 5.78 million ETH and repurchased 5.5 million shares under its $4 billion buyback program.

Bitmine's ETH holdings hit 5.78 million tokens and $11.5 billion in total treasury value as Tom Lee touts buybacks.

Ethereum treasury company Bitmine barely moved the needle on its ETH stack last week, adding just 7,430 ETH—about $14 million.

Bitmine slows Ethereum purchases to fund an $86 million share buyback as BMNR stock tests a key breakout level near $16.05.

Bitmine spent $86M buying back 5.5 million shares at $15.62 each under its $4 billion repurchase program, signaling confidence in its Ethereum treasury

Bitmine Immersion Technologies (NYSE: BMNR) acquired 7,430 ether (ETH) over the past week, its smallest weekly purchase since launching its treasury strategy, as the company…