Bitmine owns 4.8% of the total ETH coin supply of 120.7 million.

Bitmine is 96% of the way to the “Alchemy of 5%” in just 14 months.

In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, the largest margin since July 2025, reflecting what the company described as strengthening fundamentals in crypto.

Bitmine repurchased 3.0 million common shares in the past week and has repurchased more than 19 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program.

Bitmine was added to the Russell 1000 Large-Cap Index on June 26, 2026.

Bitmine’s Series A Preferred Stock trades on the NYSE under the symbol BMNP.

Bitmine has 5,067,309 staked ETH, representing $9.8 billion at $1,928 per ETH. MAVAN (Made in America VAlidator Network) is a staking destination for BMNR and institutional investors.

Bitmine owns $69 million of Eightco (NASDAQ: ORBS), which the company said is now one of the only publicly listed equities offering investors indirect exposure to OpenAI.

Bitmine’s crypto holdings plus total cash and marketable securities plus “moonshots” total $11.6 billion, including 5.81 million ETH tokens, total cash and marketable securities of $104 million, and other crypto holdings.

Bitmine said it remains supported by a group of institutional investors that includes ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee, in support of Bitmine’s goal of acquiring 5% of ETH.

NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, said on Monday that its crypto, cash and marketable securities, and “moonshots” holdings totaled $11.6 billion.

As of August 9, 2026 at 6:30 p.m. ET, the company said its holdings consisted of 5,805,238 ETH valued at $1,928 per ETH, according to Coinbase, 209 Bitcoin (BTC), a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (NASDAQ: ORBS), and $104 million in cash and marketable securities. Bitmine said its ETH holdings equal 4.8% of the ETH supply, based on 120.7 million ETH.

“We are disappointed that the CLARITY Act will not see a Senate vote before the August recess, but financial markets seem more focused on the recent softer inflation and jobs data. The odds of a Sept. hike by the Federal Reserve have fallen to 40% from 75% two weeks ago,” Thomas “Tom” Lee, chairman of Bitmine and co-founder of market research firm FundStrat Global Advisors, said. “We expect easing financial conditions to be a tailwind for crypto.” The CLARITY Act is part of a broader U.S. legislative effort to establish a digital asset market structure framework defining regulatory jurisdiction between the SEC and CFTC.

“Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last year, sizable outperformance of ETH vs Bitcoin (monthly) has typically been followed by Bitmine’s shares outperforming ETH over the following month. In July, ETH outperformed Bitcoin by 1,100bp similar to July 2025, Dec 2025, March 2026 and in those instances, Bitmine’s shares saw strong outperformance over ETH in the following two months,” Lee said.

“We continue to view Bitmine’s common shares as undervalued and the Company repurchased 3 million shares during the past week, bringing total common equity repurchases to over 19 million common shares since the start of July. This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury),” Lee added. Digital Asset Treasury companies — publicly traded firms that hold cryptocurrency as a primary reserve asset, a model pioneered by Strategy Inc.’s Bitcoin accumulation beginning in 2020 — have emerged as a vehicle for equity investors seeking exposure to digital assets without directly holding tokens. Since July 1, 2026, Bitmine has repurchased 19.1 million shares of common stock under the previously authorized $4 billion share repurchase program.

“Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago,” Lee said.

On July 16, 2026, Bitmine released the latest Chairman’s Message for July 2026, titled “ETH is the cure for the Uncanny Valley of Wealth.”

Earlier in 2026, Bitmine launched MAVAN, the Made in America VAlidator Network, an institutional-grade staking platform. Ethereum’s transition to proof-of-stake consensus in September 2022 made staking central to network security, creating demand for compliant institutional staking infrastructure. The company said MAVAN was originally developed to support Bitmine’s own Ethereum treasury, and is intended to expand to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.

As of August 9, 2026, Bitmine said total staked ETH stood at 5,067,309, worth $9.8 billion at $1,928 per ETH. “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $294 million on an annualized basis (using 2.63% 7-day BMNR yield),” Lee said.

“Annualized staking revenues are now projected at $257 million. And this 5.1 million ETH is 87% of the 5.81 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.63% (annualized),” Lee continued.

Bitmine said its crypto holdings rank as the No. 1 Ethereum treasury and the No. 2 global treasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at approximately $59 billion. Bitmine said it remains the largest ETH treasury in the world.

The company said management believes the GENIUS Act and the Securities and Exchange Commission’s Project Crypto are as transformational to financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 54 years ago. Bitmine said that 1971 event helped modernize Wall Street and create the financial and payment rails in use today. The GENIUS Act addresses the regulation of payment stablecoins, establishing federal and state oversight frameworks for dollar-pegged digital assets.

The Chairman’s Message can be found here:

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here:

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About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries, is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. The company describes itself as the world’s leading Ethereum Treasury company and says it implements a digital asset strategy for institutional investors and public market participants. It provides institutional-grade staking and validation infrastructure, through which it earns staking rewards and validation income, alongside bitcoin mining activities. Bitmine holds digital assets strategically and generates yield on those holdings to support liquidity and capital formation. During 2025, the company expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. Its activities also include investments in early-stage blockchain opportunities, or “moonshot” investments, as well as ancillary mining, hosting and consulting services.

For additional details, follow on X: https://x.com/bitmnr https://x.com/fundstrat

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” or similar expressions, or the negative of such terms, or other comparable terminology.

This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply, the “Alchemy of 5%” initiative, and progress toward that goal; (ii) the Company’s digital asset accumulation and treasury strategy, including continued weekly ETH acquisitions and its status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $294 million, current projected annualized staking revenues of approximately $257 million, and the 7-day yield of 2.63% annualized; (iv) MAVAN’s intended expansion to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure; (v) the Company’s $4 billion share repurchase program, including its execution, size and potential accretive value; (vi) management’s views on the valuation of the Company’s common shares and expectations for future stock price performance relative to ETH and other digital assets; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100 and subsequent performance of the Company’s shares; (viii) the impact of macroeconomic factors, including Federal Reserve policy, inflation data and labor market conditions, on digital asset markets and financial conditions; (ix) management’s belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; (x) the Company’s investment in Eightco Holdings as providing indirect exposure to OpenAI; and (xi) the future growth, advancement and strategic direction of the Company’s Ethereum treasury strategy and blockchain infrastructure capabilities.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin; changes in market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; the Company’s ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets; the Company’s ability to finance its business operations, Ethereum treasury operations, MAVAN expansion and share repurchase activities; operational, security and technological risks associated with the Company’s staking and validation operations, including network failures, cybersecurity breaches and protocol changes; competition in the digital asset treasury, staking and mining industries; the Company’s dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology and staking activities in the United States and globally, including the ultimate enactment, implementation and interpretation of the GENIUS Act, CLARITY Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities, including the investment in Eightco Holdings; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy and general economic conditions affecting investor sentiment toward digital assets; changes to the Ethereum protocol, including staking mechanics, validator requirements and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges and custodians; risks related to the concentration of the Company’s assets in digital currencies; and the other risk factors described in the Company’s filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts and projections, as well as management’s assumptions and beliefs concerning future events. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at . Forward-looking statements speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statements are based, except as required by applicable law or regulation.