Altcoins▲ Bullish

Bitmine Keeps Adding Ether but Shifts Focus to Large Share Buyback

TradingGain Newsroom·2d ago·26 Oct 2026, 15:36 UTC

Tom Lee's firm Bitmine bought 10,452 more ETH, bringing its holdings to 4.95% of Ethereum's supply. Its bigger move was buying back 2.04 million of its own shares, which the company calls the largest equity buyback by any crypto treasury firm. For traders, steady ETH buying by a large holder can support demand for the coin.

ETHAt the time of writing, Ethereum traded at $2,338 (-0.32% in 24h).Live price →

Why it matters

Bitmine added 10,452 ETH, now holding 4.95% of Ethereum's total supply.
The firm spent its focus on repurchasing 2.04 million of its own shares.
Large, steady buying by one holder can add demand for ETH over time.

What to watch next

Watch whether Bitmine keeps adding ETH alongside its buyback, and how ETH's price responds to its purchases.

ETHLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.