Scan with your phone to get the appBitmine buys 10,452 ETH but holdings value dips to $15 billion
Bitmine Immersion Technologies bought 10,452 ETH during the week ending Oct. 25, raising its total holdings to 6,051,933 ETH, but a lower ether price cut the combined value of its crypto, cash and stakes to about $15 billion.
The firm now holds 215 BTC, a $180 million stake in Beast Industries, a $76 million stake in Eightco Holdings and $514 million in cash and marketable securities, down from $582 million a week earlier.
Bitmine repurchased 2.04 million shares at an average of $22.48 each this week, bringing its 2026 buyback total to 22.9 million shares for $399.6 million. Chairman Tom Lee said the buybacks occur when the stock is considered undervalued.
Summary rewritten by AI from the original article by Unchained.
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Also reported by
- Tom Lee's Bitmine favors $46M share buybacks over ether purchases as crypto declines. CoinDesk · 2 d ago
- Tom Lee insists the crypto bull market is underway as Bitmine adds 10,452 ETH. The Block · 2 d ago
- Bitmine adds 10,452 ETH, bringing total holdings to 6.05 million ETH. crypto.news · 2 d ago
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