The filing confirms continued ETH accumulation and aggressive share buybacks, but provides no revenue or earnings data. Monitor the next 10-Q for actual financial performance and staking revenue recognition. The buyback pace suggests management views shares as undervalued relative to crypto holdings.
Price Chart
Executive Summary
Bitmine Immersion Technologies issued a press release disclosing total crypto, cash, and marketable securities holdings of $15 billion as of October 25, 2026, including 6.05 million ETH tokens (4.95% of total ETH supply). The company also reported repurchasing 2.04 million shares in the past week at an average price of $22.48, and a cumulative 22.9 million shares in 2026 for $399.6 million. The filing provides an operational update but contains no financial results or guidance.
Key Facts
- Total crypto + cash & marketable securities + 'moonshots' holdings of $15 billion as of October 25, 2026
- ETH holdings of 6,051,933 tokens, representing 4.95% of total ETH supply of 122.2 million
- Total cash & marketable securities of $514 million
- Repurchased 2.04 million shares in the past week at an average price of $22.48
- Cumulative 2026 share repurchases of 22.9 million shares for $399.6 million at an average price of $17.48
- Staked ETH of 5,227,037 tokens, valued at $12.3 billion at $2,356 per ETH
- Projected annualized staking reward of $368 million if fully staked; annualized staking revenues of $318 million based on current staked ETH
- Owns $76 million stake in Eightco Holdings (NASDAQ: ORBS) and $180 million stake in Beast Industries
- Added to Russell 1000 Large-cap index on June 26, 2026
Financial Impact
Total holdings of $15 billion; share repurchases of $399.6 million in 2026; projected annualized staking revenue of $318-$368 million
Risk Factors
- Extreme volatility of digital asset prices, particularly ETH and Bitcoin
- Projected staking rewards are forward-looking and depend on ETH price and staking yields
- Share repurchases are discretionary and may be suspended
- Regulatory developments (GENIUS Act, SEC Project Crypto) could impact operations
- Concentration risk: 4.95% of total ETH supply held by a single company
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-048429 |
| Exhibit: ex99-1.htm | 0001493152-26-048429 |
| Document: 0001493152-26-048429-index-headers.html | 0001493152-26-048429 |
| Document: 0001493152-26-048429-index.html | 0001493152-26-048429 |
| Document: 0001493152-26-048429.txt | 0001493152-26-048429 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $21.81 | awaiting T+20 | — | $21.58 (−1.08%) |
Oct 21, 2026 5d ago | Institutional Cluster | $22.50 | awaiting T+20 | — | $21.58 (−4.11%) |
Oct 19, 2026 8d ago | 8-K | $21.57 | awaiting T+20 | — | $21.58 (+0.02%) |
Oct 13, 2026 14d ago | 8-K | $23.49 | awaiting T+20 | — | $21.58 (−8.15%) |
Oct 7, 2026 20d ago | 8-K | $24.66 | awaiting T+20 | — | $21.58 (−12.51%) |
Oct 5, 2026 22d ago | 8-K | $26.79 | awaiting T+20 | — | $21.58 (−19.47%) |
Sep 30, 2026 27d ago | 8-K | $26.43 | awaiting T+20 | — | $21.58 (−18.37%) |
Sep 28, 2026 29d ago | 8-K | $26.84 $21.34 | ▼ −20.51% | ▼ −20.48% | $21.58 (−19.62%) |
Sep 22, 2026 4w ago | Institutional Cluster | $28.76 $22.82 | ▼ −20.65% | ▼ −20.09% | $21.58 (−24.98%) |
Sep 21, 2026 5w ago | 8-K | $28.25 $21.57 | ▼ −23.65% | ▼ −22.74% | $21.58 (−23.63%) |
US Market Status
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