Bitmine Immersion Technologies added 10,452 ETH (about $24 million), bringing holdings to 6,051,933 ETH and nearing its goal of owning 5% of the network, which it calls the “Alchemy of 5%.” The bigger move this week was a buyback: the company repurchased 2.04 million shares at an average $22.48, lifting its 2026 total to 22.9 million shares for about $399.6 million. Chairman Tom Lee called it the largest equity repurchase program ever run by a crypto treasury firm and said buybacks will be made when management sees the shares as undervalued. Strategy likewise paused Bitcoin buying to spend $204.9 million repurchasing its STRC preferred stock, underscoring treasury firms’ shift toward shares over new crypto purchases.
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cryptoshare buybacksbitcoinEthereum
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Related tickers and likely impact
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/25/2026 | 2,329.87 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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