# Bitmine Expands ETH Staking and Share Buyback Plans Bitmine increases ETH staking revenue while protecting shareholder value. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-20 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f630f0c3-3a73-4ecd-bfaa-db2e36614b5f ## Bitmine's ETH Staking Operation Bitmine Immersion Technologies aims to generate up to $290 million annually by staking 4.9 million ETH through MAVAN. This operation supports the company's goal of becoming a global leader in ETH staking. ## Share Buyback Program Bitmine repurchased 5.5 million shares under its $4 billion buyback program. This move aims to increase shareholder value and focuses on closing the gap between market value and treasury value. ## ETH Treasury Expands Bitmine's ETH treasury reached 5.78 million tokens, increasing total assets to $11.5 billion. The company is nearing its goal of controlling 5% of the ETH supply. ## Institutional Investor Support Bitmine's strategy is backed by institutional investors like Ark Invest, Founders Fund, and Pantera Capital. This support plays a crucial role in achieving the company's long-term goals. ## ETH Price and Stock Movements Bitmine's stock prices are closely tied to ETH price fluctuations. Over the past two weeks, stock prices moved between $14 and $17, with an 11.5% increase following staking revenue disclosures. ## Bitmine's Future Plans Bitmine continues to expand its ETH staking operations while maintaining its share buyback program. The company's next weekly update will provide new insights into ETH acquisition speed and targets. ## Sources covering this story - https://news.bitcoin.com/tom-lees-bitmine-buys-back-5-5m-bmnr-shares-as-eth-stack-nears-5-8m-tokens/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._