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CryptoMediumUpdated×5•Originally published 13 April 2026•Updated 15 April 2026•
1 min read

Bitmine Boosts Treasury to $11.4 Billion and Launches Massive Buyback Program

Key Facts

1Bitmine Immersion Technologies (BMNR) now holds 4.87 million ETH, valued at approximately $10.7 billion.
2The firm aims to control 5% of Ethereum's total circulating supply and has reached 81% of this target.
3This treasury expansion follows the company's upgrade on the New York Stock Exchange (NYSE).

Bitmine Immersion Technologies (BMNR) has expanded its treasury to $11.4 billion and launched a $4 billion share buyback program ahead of its planned NYSE uplisting. However, new financial filings reveal the company suffered a massive quarterly net loss of $3.82 billion in Q1. These significant losses stem from Bitmine's strategic pivot from traditional crypto mining toward the aggressive accumulation of Ethereum (ETH). While the firm aims to control 5% of the circulating ETH supply, the reported figures have sparked concerns regarding the dangers of concentrated exposure to volatile assets. This financial strain has put fresh pressure on the Ethereum market, even as the company maintains support from institutional backers like Cathie Wood and Galaxy Digital. Analysts are now closely monitoring how this aggressive balance-sheet management will impact long-term stability.