What is the $4 billion share repurchase program, and when was it authorized?

The filing confirms a $4 billion common stock repurchase program was previously announced but does not disclose the board authorization date or specific terms. The program is currently being executed, with 11.6 million shares repurchased as of July 1–26, 2026.

How many shares has Bitmine repurchased to date under this program?

As of July 26, 2026, the company states it has repurchased over 11 million shares total under the program. In the specific week ending July 26, 2026, Bitmine repurchased 6.1 million shares, and in July 2026 year-to-date (since July 1), 11.6 million shares have been repurchased.

At what average price per share are the buybacks being executed?

The filing does not disclose the average price paid per share for any of the repurchases reported. Without this information, the total dollar amount spent and remaining authorization balance cannot be calculated from the filing.

What execution mechanism does Bitmine use for its share repurchases?

The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, 10b5-1 plan, or other method). The company refers only to the repurchases as executed under the $4 billion program.

Why has Bitmine accelerated its buyback activity in recent weeks?

Chairman Lee stated that the company increased its buyback rate due to favorable market conditions, specifically citing a rising ETH/BTC ratio at a 3-month high (0.3000) as a sign of strengthening crypto prices. The company believes these conditions support its long-term treasury accumulation strategy.

What is the significance of these buybacks in the context of Bitmine's business?

Bitmine is primarily a digital-asset treasury company focused on acquiring Ethereum. The company characterizes its share repurchases as accretive to shareholders and claims to have executed the largest buyback among comparable ETH and Bitcoin digital-asset treasury companies, though no specific peer comparison data is provided.

BMNP 8-K Filed 2026-07-27 Execution disclosure

Bitmine repurchases 6.1M shares under $4B authorization

CEO updates buyback activity in weekly press release; 11.6M shares repurchased in July 2026 YTD.

Shares repurchased6.1M

MechanismNot specified

What the filing says

Bitmine Immersion Technologies (NYSE: BMNR) reported the repurchase of 6.1 million shares of common stock in the week ending July 26, 2026, according to a company press release issued July 27, 2026. This activity follows the company's purchase of 5.5 million shares the prior week. The repurchases are executed under the previously announced $4 billion share repurchase program.

Since July 1, 2026, Bitmine has repurchased 11.6 million shares of common stock under the program. According to Chairman Thomas Lee, Bitmine has now repurchased over 11 million shares total and claims to have "executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury."

The company attributed increased buyback activity to favorable market conditions, citing a rising ETH/BTC ratio (now at a 3-month high of 0.3000) as indicative of strengthening crypto prices. The timing coincides with Bitmine's broader strategy of accumulating Ethereum as a long-term treasury asset while maintaining active cryptocurrency and equity holdings totaling approximately $11.8 billion as of the filing date.

Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior... Since July 1, 2026, Bitmine has repurchased 11.6 million shares of common stock under the previously authorized $4 billion share repurchase program. — BITMINE IMMERSION TECHNOLOGIES, INC. 8-K filing · View on SEC EDGAR →

What this means

Bitmine's reported repurchase of 6.1 million shares represents execution activity under its $4 billion authorization. The company indicates that 11.6 million shares have been repurchased in July 2026 alone, though the filing does not disclose the average price paid per share or the exact dollar amount deployed to date. The filing emphasizes these are the largest buybacks for a digital-asset-focused public company, though the calculation basis and peer comparison are not detailed. Without disclosure of remaining authorization, total deployment, or per-share pricing, the shareholder impact and program duration cannot be independently assessed from this filing.

Frequently asked questions

What is the $4 billion share repurchase program, and when was it authorized?: The filing confirms a $4 billion common stock repurchase program was previously announced but does not disclose the board authorization date or specific terms. The program is currently being executed, with 11.6 million shares repurchased as of July 1–26, 2026.
How many shares has Bitmine repurchased to date under this program?: As of July 26, 2026, the company states it has repurchased over 11 million shares total under the program. In the specific week ending July 26, 2026, Bitmine repurchased 6.1 million shares, and in July 2026 year-to-date (since July 1), 11.6 million shares have been repurchased.
At what average price per share are the buybacks being executed?: The filing does not disclose the average price paid per share for any of the repurchases reported. Without this information, the total dollar amount spent and remaining authorization balance cannot be calculated from the filing.
What execution mechanism does Bitmine use for its share repurchases?: The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, 10b5-1 plan, or other method). The company refers only to the repurchases as executed under the $4 billion program.
Why has Bitmine accelerated its buyback activity in recent weeks?: Chairman Lee stated that the company increased its buyback rate due to favorable market conditions, specifically citing a rising ETH/BTC ratio at a 3-month high (0.3000) as a sign of strengthening crypto prices. The company believes these conditions support its long-term treasury accumulation strategy.
What is the significance of these buybacks in the context of Bitmine's business?: Bitmine is primarily a digital-asset treasury company focused on acquiring Ethereum. The company characterizes its share repurchases as accretive to shareholders and claims to have executed the largest buyback among comparable ETH and Bitcoin digital-asset treasury companies, though no specific peer comparison data is provided.

execution crypto digital-asset-treasury ethereum rule-10b-18-or-unspecified

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.