NORWALK, Conn., Aug. 3, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said on Aug. 2, 2026 at 4:00 p.m. ET that its crypto holdings, total cash and marketable securities, and "moonshots" together totaled $11.3 billion.

The company said its holdings consisted of 5,797,813 ETH valued at $1,880 per ETH, 209 bitcoin (BTC), a $180 million stake in Beast Industries, a $61 million stake in Eightco Holdings (NASDAQ: ORBS), and $173 million in cash and marketable securities. Bitmine said its ETH holdings represented 4.8% of the total ETH supply of 120.7 million tokens, a concentration level that places a single publicly traded company among the largest ETH holders worldwide.

Thomas "Tom" Lee, Bitmine's chairman, said ETH outperformed the Nasdaq 100 in July by 2,500 basis points, or 25 percentage points, which he described as the largest outperformance since July 2025 and reflective of strengthening crypto fundamentals. He also noted that in July 2025, ETH rose from $2,375 to $4,057 by the end of August.

Lee said that since Bitmine shifted to an Ethereum treasury strategy on June 30, 2025, periods of strong ETH outperformance versus QQQ have typically been followed by Bitmine shares outperforming ETH in the next month. He said this was one reason the company repurchased 4.5 million common shares in the past week, under its previously announced $4 billion share repurchase program.

The company said the latest buyback brought total common equity repurchases to more than 16 million shares. Since July 1, 2026, Bitmine has repurchased 16.1 million common shares under the program. Bitmine said the buyback is the largest ever executed by any Ethereum, bitcoin, or crypto digital asset treasury.

Bitmine said it acquired 10,399 ETH over the past week and has bought ETH every week since the launch of its ETH treasury strategy on June 30, 2025.

Earlier this year, Bitmine launched MAVAN, or the Made in America VAlidator Network, an institutional-grade staking platform. Ethereum staking emerged as a yield-generating mechanism after the network completed its transition from proof-of-work to proof-of-stake consensus in 2022. The company said MAVAN was initially developed to support Bitmine's own Ethereum treasury and is intended to expand to serve institutional investors, custodians, and ecosystem partners seeking staking infrastructure. Bitmine said some of its ETH is already staked on MAVAN.

As of Aug. 2, 2026, Bitmine said its total staked ETH stood at 4,917,189, valued at $9.2 billion using a price of $1,880 per ETH. Lee said Bitmine has staked more ETH than any other entity in the world. He added that, at scale, when Bitmine's ETH is fully staked through MAVAN and its staking partners, projected annualized ETH staking rewards would be $291 million, based on a 2.67% seven-day BMNR yield.

Lee also said annualized staking revenues are currently projected at $247 million, and that the 4.9 million ETH currently staked represents 85% of the 5.8 million ETH held by Bitmine. He said Bitmine's own staking operations generated a seven-day yield of 2.67% annualized.

Bitmine said its crypto holdings make it the No. 1 Ethereum treasury and the No. 2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which it said reportedly owns 843,775 BTC valued at about $57 billion. The comparison places Bitmine within a broader trend of publicly traded companies adopting digital asset treasury strategies, with Strategy having pioneered the corporate bitcoin treasury model beginning in 2020. The company said it remains the largest ETH treasury in the world.

Bitmine said it is one of the most widely traded stocks in the United States. Citing Fundstrat data, the company said its stock had average daily dollar volume of $698 million on a five-day average as of July 31, 2026, ranking No. 180 among 5,704 U.S.-listed stocks, behind Schlumberger NV and ahead of Marsh & McLennan, according to statista.com and Fundstrat research.

Bitmine also said it believes the GENIUS Act, which addresses federal regulation of payment stablecoins, and the U.S. Securities and Exchange Commission's Project Crypto could be as transformational to financial services in 2026 as the U.S. action on Aug. 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard.

The company provided the following links: the Chairman's message at the Fiscal Full Year 2025 Earnings presentation and corporate presentation at and company updates at

Bitmine said it can also be followed on X at https://x.com/bitmnr and https://x.com/fundstrat.

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries describe themselves as a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. The company said it is the world's leading Ethereum treasury company and provides institutional-grade staking and validation infrastructure, alongside bitcoin mining activities. It also said it holds digital assets strategically to generate yield for liquidity and capital formation, and that in 2025 it expanded its blockchain infrastructure capabilities by developing and deploying MAVAN. Bitmine said its activities also include investments in early-stage blockchain opportunities, described as "moonshot" investments, as well as ancillary mining, hosting, and consulting services.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not purely historical and involve risks and uncertainties. Terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," and "estimates" identify forward-looking statements.

The release specifically includes forward-looking statements about Bitmine's ETH acquisition goals, including the "Alchemy of 5%" initiative and the statement that Bitmine is 96% of the way to that goal; the company's digital asset accumulation strategy and staking operations, including the statement that Bitmine has 4,917,189 staked ETH representing $9.2 billion, projected annualized ETH staking rewards of approximately $291 million when ETH is fully staked by MAVAN and its staking partners, and current projected annualized staking revenues of approximately $247 million; MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners; the company's continued weekly ETH purchases under its ETH treasury strategy; management's view that the GENIUS Act and SEC Project Crypto are as transformational to financial services as the U.S. action on Aug. 15, 1971 ending Bretton Woods and the dollar's gold standard; expectations regarding the $4 billion share repurchase program and its value to shareholders, including the statement that Bitmine has executed the largest ever common stock buyback for any ETH or bitcoin digital asset treasury; management's view that strong ETH outperformance versus QQQ has typically been followed by Bitmine shares outperforming ETH and that Bitmine shares are attractively valued; statements regarding Bitmine's investment in Eightco Holdings as providing indirect exposure to OpenAI; and the future growth and advancement of the company's Ethereum treasury strategy.

Factors that could cause actual results to differ materially include Bitmine's ability to keep pace with new technology and changing market needs; its ability to finance its current business, Ethereum treasury operations, share repurchase activities and proposed future business; the competitive environment; market conditions affecting the trading price of its common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the eventual enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability and security of the company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of bitcoin and Ethereum.

Bitmine said these forward-looking statements are subject to numerous conditions, many beyond its control, including those described in the Risk Factors section of its Form 10-K filed with the SEC on Nov. 21, 2025, and in its other SEC filings as amended or updated from time to time. The company said copies of its SEC filings are available at www.sec.gov and that it undertakes no obligation to update these statements except as required by law.