What is the $4 billion share repurchase program?

Bitmine previously authorized a $4 billion share repurchase program. As of August 17, 2026, the company has executed 20.8 million share repurchases under this authorization since July 2026. The filing does not disclose when the authorization was originally granted, the mechanism of execution, or the remaining authorized balance.

How many shares has Bitmine repurchased so far?

Bitmine has repurchased over 20.8 million shares cumulatively since July 2026, including 1.7 million shares in the week ended August 16, 2026. The filing does not specify the average price per share or total dollar amount spent.

Why is Bitmine repurchasing shares?

According to Chairman Thomas Lee, the company views its common shares as undervalued relative to the company's asset base and financial position. Management believes the repurchase will be accretive and represents an attractive capital allocation use of funds.

What execution method is Bitmine using for the buyback?

The filing does not specify whether Bitmine is using Rule 10b-18 open-market purchases, a 10b5-1 plan, an accelerated share repurchase (ASR), or another mechanism. This detail is not disclosed in the press release.

Is this the largest crypto buyback ever?

Bitmine characterizes this as 'the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury).' This claim refers specifically to the digital-asset treasury and cryptocurrency sector, not the broader public-market buyback universe.

How much of the $4 billion authorization has been used?

The filing does not disclose the dollar amount spent to date or the remaining authorized balance. Without the average price per share, it is not possible to calculate definitively how much of the $4 billion program has been deployed.

BMNP 8-K Filed 2026-08-17 Execution disclosure

Bitmine repurchased 20.8M shares under $4B authorization in July–August

Crypto treasury company executes largest buyback in digital-asset sector, acquiring 1.7M shares in past week alone

Shares repurchased20.8M

MechanismNot specified

What the filing says

Bitmine Immersion Technologies (NYSE: BMNR) announced on August 17, 2026, that it has repurchased over 20.8 million shares of common stock cumulatively since July 2026 under its previously announced $4 billion share repurchase program. The company repurchased 1.7 million shares in the week ended August 16, 2026.

According to Chairman Thomas Lee, the company views its common shares as undervalued and characterizes this buyback as "the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury)." The filing does not specify the average price paid per share, the execution mechanism (e.g., Rule 10b-18, ASR, or 10b5-1 plan), or the remaining authorization balance.

The company's $4 billion share repurchase program was previously authorized but announced in detail in this August 2026 press release (filed as Exhibit 99.1 to an 8-K). Bitmine continues to execute its core strategy of accumulating Ethereum and cryptocurrency assets alongside capital deployment through share buybacks.

Bitmine repurchased 1.7 million shares of common stock in the past week, and has repurchased over 20.8 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program — BITMINE IMMERSION TECHNOLOGIES, INC. 8-K filing · View on SEC EDGAR →

What this means

Bitmine has executed approximately 0.52% of its $4 billion authorization by repurchasing 20.8 million shares in less than six weeks (July–August 2026). The filing does not disclose the average price paid, dollar amount spent to date, or remaining balance available. At an assumed $192 per share (a rough mid-range estimate for a large-cap crypto treasury company), 20.8 million shares would represent roughly $4 billion, suggesting the program may already be substantially deployed. The buyback reduces share count and may increase earnings per share and return on equity, though the filing contains no forward guidance on accretion. Bitmine frames this as validation of share undervaluation relative to its digital-asset holdings ($11.4 billion reported as of August 16, 2026).

Frequently asked questions

What is the $4 billion share repurchase program?: Bitmine previously authorized a $4 billion share repurchase program. As of August 17, 2026, the company has executed 20.8 million share repurchases under this authorization since July 2026. The filing does not disclose when the authorization was originally granted, the mechanism of execution, or the remaining authorized balance.
How many shares has Bitmine repurchased so far?: Bitmine has repurchased over 20.8 million shares cumulatively since July 2026, including 1.7 million shares in the week ended August 16, 2026. The filing does not specify the average price per share or total dollar amount spent.
Why is Bitmine repurchasing shares?: According to Chairman Thomas Lee, the company views its common shares as undervalued relative to the company's asset base and financial position. Management believes the repurchase will be accretive and represents an attractive capital allocation use of funds.
What execution method is Bitmine using for the buyback?: The filing does not specify whether Bitmine is using Rule 10b-18 open-market purchases, a 10b5-1 plan, an accelerated share repurchase (ASR), or another mechanism. This detail is not disclosed in the press release.
Is this the largest crypto buyback ever?: Bitmine characterizes this as 'the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury).' This claim refers specifically to the digital-asset treasury and cryptocurrency sector, not the broader public-market buyback universe.
How much of the $4 billion authorization has been used?: The filing does not disclose the dollar amount spent to date or the remaining authorized balance. Without the average price per share, it is not possible to calculate definitively how much of the $4 billion program has been deployed.

execution crypto-sector digital-asset-treasury large-cap share-repurchase

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.