Key HighlightsBMNR shares surge following disclosure of $11.8 billion digital asset treasuryCompany increases Ethereum position by 9,946 ETH, bringing total to approximately 5.79 million ETHBuyback program reaches 11.6 million shares repurchased under $4 billion authorizationEthereum staking portfolio exceeds 4.9 million with enhanced revenue projectionsCompany maintains position as world’s largest Ethereum treasury holder and second-largest digital asset treasuryShares of Bitmine Immersion Technologies (BMNR) rallied 10.08% to reach $17.38 following the company’s announcement of an $11.8 billion cryptocurrency treasury. The disclosure also revealed significant expansion in Ethereum holdings alongside an accelerated share repurchase initiative. Company executives emphasized their commitment to ongoing staking operations and systematic weekly Ethereum acquisitions as fundamental components of their treasury management approach.Bitmine Immersion Technologies, Inc., BMNRCompany strengthens treasury through substantial Ethereum accumulationThe company disclosed combined holdings of crypto assets, cash, marketable securities, and strategic equity investments totaling $11.8 billion as of July 26. This portfolio consisted of 5,787,414 ETH with an approximate valuation of $11.3 billion based on a Coinbase reference rate of $1,948 per token. Additional holdings included 208 Bitcoin, along with $268 million in cash and marketable securities, complemented by strategic equity positions valued at $241 million.Within the strategic investment category, Bitmine maintained a $180 million stake in Beast Industries and a $61 million holding in Eightco Holdings. These equity positions contributed to Bitmine’s diversified treasury approach that extends beyond purely digital asset holdings. The organization has been systematically expanding its balance sheet through parallel strategies of cryptocurrency acquisition and strategic equity investments.According to company statements, its current Ethereum position represents roughly 4.8% of the token’s total circulating supply of 120.7 million ETH. The firm has maintained a consistent schedule of weekly Ethereum purchases following the initiation of its ETH Treasury Strategy on June 30, 2025. Throughout the most recent reporting period, the company acquired an additional 9,946 ETH for its treasury reserves.Buyback program intensifies amid treasury expansion effortsDuring the latest reporting week, Bitmine significantly increased its share repurchase activity by acquiring 6.1 million shares of its common stock. This represented an uptick from the prior week’s repurchase of 5.5 million shares. Cumulative repurchases since July 1, 2026, have totaled 11.6 million shares under the company’s authorized $4 billion share buyback program.Chairman Tom Lee attributed the accelerated repurchase tempo to favorable cryptocurrency market dynamics and an improving ETH-to-BTC price ratio. Company leadership also referenced Ethereum’s recent price momentum and technical breakouts above key resistance levels. Management emphasized that their systematic weekly Ethereum acquisition strategy would continue uninterrupted regardless of shifting legislative expectations related to the Clarity Act.The company has simultaneously enhanced its staking capabilities through its institutional-grade MAVAN platform. As of July 26, Bitmine had deployed 4,917,189 ETH in staking activities with an estimated value of approximately $9.6 billion. This staked position accounts for roughly 85% of the company’s total Ethereum inventory, generating projected annualized staking revenues of about $254 million.Long-term Ethereum strategy drives treasury growth initiativesBitmine introduced the MAVAN platform earlier in 2026 to facilitate institutional-grade Ethereum staking services. The platform initially serviced the company’s internal treasury requirements before broadening its scope to accommodate custodians, institutional clients, and ecosystem collaborators. Management anticipates the platform will support increased staking volume as additional Ethereum flows into the network.Company projections indicate annualized staking rewards could reach approximately $299 million once the entire Ethereum treasury achieves full staking deployment. This forecast utilized a reported seven-day staking yield of 2.65%. The staking initiative represents a strategic evolution beyond passive asset accumulation toward active yield generation.Bitmine positions itself as the global leader in Ethereum treasury holdings and the second-largest publicly traded digital asset treasury following Strategy Inc. The company also noted average daily trading volumes of approximately $597 million over the most recent five-day measurement period. Furthermore, leadership continues monitoring the GENIUS Act and the Securities and Exchange Commission’s Project Crypto as potential catalysts that could fundamentally transform digital financial infrastructure while accelerating mainstream adoption of blockchain-based financial systems. The post Bitmine (BMNR) Stock Surges on $11.8B Crypto Treasury and Aggressive Share Buybacks appeared first on Blockonomi.