Bitmine adds 10,452 ETH, nears 5% goal while executing largest-ever crypto treasury share buyback

Bitmine added 10,452 ETH this week, bringing its total holdings to 6,051,933 ETH, or 4.95% of Ethereum's supply, extending its weekly buying streak toward its "Alchemy of 5%" goal. The firm's bigger move was a share buyback of 2.04 million shares at an average price of $22.48, lifting its 2026 total to 22.9 million shares for approximately $399.6 million, which chairman Tom Lee called the largest ever by a crypto treasury firm. This mirrors Strategy's pivot to buybacks, pausing Bitcoin purchases to return capital to shareholders.