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CryptoUpdated×3•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

BitMine Immersion Technologies Announces $4 Billion Share Buyback Program

Key Facts

1BitMine Immersion Technologies (BMNR) unveiled a massive $4 billion share buyback program.

2The move is linked to Tom Lee's strategy, suggesting the company's stock offers a way to gain exposure to Ethereum at a discount relative to its market value.

BitMine Immersion Technologies (BMNR) continues to execute its $4 billion share buyback program, supported by analyst Tom Lee's bullish outlook. The company recently acquired an additional 71,524 ETH tokens valued at $169 million over the past week, bringing its total holdings to 4.87 million ETH. While this currently represents 4.04% of the total circulating supply, the firm has now set a strategic target to own 5% of all Ethereum. These holdings generate approximately $212 million in annualized staking revenue, significantly strengthening the firm's balance sheet. Tom Lee suggests that the 'mini crypto winter' is ending, previously characterizing Ethereum as a 'wartime store of value.' While these moves are significant for BMNR, their direct impact on the ETH/USD pair remains secondary to broader market momentum.

about 2 months ago

Version History

6 additional sources confirmed this story

Version 3about 2 months ago

What changed: Added details regarding the $169 million value of the recent acquisition and the company's new strategic goal to reach a 5% ownership stake of the total Ethereum supply.

Version 2about 2 months ago

What changed: Added details on the acquisition of 71,524 ETH and Tom Lee's sentiment regarding the end of the 'mini crypto winter'.

Version 1about 2 months ago

What changed: Updated with new details regarding BitMine's control of 4.04% of Ethereum's supply, its $212 million annualized staking revenue, and Tom Lee's 'wartime store of value' narrative.