Funding
Bitmine Repurchases Shares and Buys Ethereum
Bitmine Immersion Technologies, a NYSE-listed firm, repurchased 2.04 million of its own shares at an average price of $22.48, bringing its 2026 total to 22.9 million shares bought back for about $399.6 million. The firm also added 10,452 ETH worth roughly $24 million to its holdings, lifting its holdings to 6,051,933 ETH, worth roughly $14.3 billion at a reference price of $2,356 per coin. The company intends to repurchase stock 'accretively' when management views the shares as undervalued.