Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its Ethereum holdings have reached nearly 5.79 million ETH, representing 4.8% of the total ETH supply of 120.7 million tokens, and that its combined crypto, cash, marketable securities and “moonshots” holdings total $11.8 billion.

The Norwalk, Connecticut-based company, which describes itself as a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, announced the figures on July 27, 2026. Bitmine said it is now 96% of the way toward its “Alchemy of 5%” goal after 13 months.

As of July 26, 2026, at 7:00 p.m. ET, Bitmine said its holdings consisted of 5,787,414 ETH valued at $1,948 per ETH, based on Coinbase (NASDAQ: COIN) pricing; 208 Bitcoin (BTC); a $180 million stake in Beast Industries; a $61 million stake in Eightco Holdings (NASDAQ: ORBS), which it classified among its “moonshots”; and total cash and marketable securities of $268 million. The company said Eightco is now one of the only publicly listed equities in the world to provide investors with indirect exposure to OpenAI.

The update places Bitmine among the public companies using a digital-asset-treasury model, in which corporate balance sheets are used to hold crypto assets directly rather than only operating mining or infrastructure businesses. In Bitmine’s case, the company has tied that strategy specifically to accumulating ETH and operating staking infrastructure around those holdings.

Bitmine also said it repurchased 6.1 million shares of common stock in the past week under its previously announced $4 billion share repurchase program. The company said the latest repurchases followed 5.5 million shares purchased the prior week, bringing total repurchases since July 1, 2026, to 11.6 million shares.

“Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening. In fact, this ratio is now at a 3-month high at 0.3000, which we believe bodes well for future strengthening of ETH prices,” said Thomas “Tom” Lee, chairman of Bitmine.

“ETH prices are now reaching a 10-week high and as many technical strategists have highlighted, we believe the next key levels to clear are $2,000 and $2,500 for ETH. Our advisor, Tom DeMark of DeMark Analytics, sees these levels as near-term targets if the comparison of ETH to S&P 500 post-Oct 1987 continues to hold,” Lee said.

“With over 11 million shares of common stock repurchased, Bitmine has executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury,” Lee said.

Lee added that Bitmine acquired 9,946 ETH over the past week and has purchased ETH every week since the launch of its ETH Treasury Strategy on June 30, 2025.

Bitmine said it was added to the Russell 1000 Large-cap index on June 26, 2026. The company’s Series A Preferred Stock trades on the New York Stock Exchange under the symbol BMNP.

Russell 1000 membership is relevant for a company with large reported trading volume because the index is widely used as a benchmark for U.S. large-cap equities and by index-tracking investment products. Bitmine’s preferred stock listing also gives the company a second exchange-traded security tied to its capital structure.

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

Earlier in 2026, Bitmine launched MAVAN, the Made in America VAlidator Network, which it described as an institutional-grade staking platform. MAVAN was initially developed to support Bitmine’s Ethereum treasury, and the company said it intends for MAVAN to expand to institutional investors, custodians and ecosystem partners seeking staking infrastructure. A portion of Bitmine’s ETH is already staked on MAVAN.

Ethereum staking involves committing ETH to validators that help secure the network and process transactions, with rewards paid by the protocol and related network mechanisms. For treasury companies, staking can turn idle ETH holdings into a source of crypto-denominated revenue, while also introducing operational, custody, validator-performance and regulatory risks that Bitmine separately identifies in its forward-looking statements.

As of July 26, 2026, Bitmine said it had 4,917,189 ETH staked, equal to $9.6 billion at $1,948 per ETH. The staked amount represents 85% of the company’s 5.79 million ETH holdings.

“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 $299 million on an annualized basis (using 2.65% 7-day BMNR yield),” Lee said.

“Annualized staking revenues are now projected at $254 million. And this 4.9 million ETH is 85% of the 5.79 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.65% (annualized),” Lee added.

The company said its crypto holdings make it the No. 1 Ethereum treasury and the No. 2 global crypto treasury, behind Strategy Inc. (NASDAQ: MSTR), which it said reportedly owns 843,775 BTC valued at approximately $59 billion. Bitmine said it remains the largest ETH treasury in the world.

Bitmine also described itself as 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 $597 million on a five-day average as of July 24, 2026. That ranked No. 171 in the U.S., behind Hewlett Packard Enterprise at No. 170 and ahead of HCA Healthcare at No. 172, among 5,704 U.S.-listed stocks, according to statista.com and Fundstrat research.

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

The company’s management said it believes the GENIUS Act and the Securities and Exchange Commission’s Project Crypto are as transformational to financial services in 2025 as the U.S. action on August 15, 1971, that ended Bretton Woods and the U.S. dollar’s link to the gold standard 54 years earlier. Bitmine said the 1971 event catalyzed the modernization of Wall Street and created what it called the iconic Wall Street titans and financial and payment rails of today, which it said proved to be better investments than gold.

The regulatory references are central to Bitmine’s framing because public companies holding and staking digital assets operate at the intersection of securities rules, market-structure policy and crypto-specific legislation. Bitmine’s own cautionary language points to regulatory developments, digital-asset price volatility and staking reliability as factors that could affect future results.

The Fiscal Full Year 2025 earnings presentation and corporate presentation are available at:

The company’s contact page is available at:

About Bitmine

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the United States. The company said it is deploying excess capital to become the leading Ethereum treasury company in the world and is implementing a digital asset strategy for institutional investors and public market participants.

Guided by its “alchemy of 5%” philosophy, Bitmine said it is committed to ETH as its primary treasury reserve asset, using native protocol-level activities including staking and decentralized finance mechanisms. The company launched MAVAN, the Made-in America VAlidator Network, as dedicated staking infrastructure for Bitmine assets in 2026.

For additional details, Bitmine listed its X accounts as: https://x.com/bitmnr https://x.com/fundstrat

Forward-Looking Statements

Bitmine said the press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical involve risks and uncertainties and can be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates” and similar expressions.

The company said the release specifically contains forward-looking statements regarding: its goals for ETH acquisition, including the “Alchemy of 5%” initiative and the statement that Bitmine is 96% of the way to that goal; its digital asset accumulation strategy and staking operations, including the statement that it has 4,917,189 staked ETH representing $9.6 billion, projected annualized ETH staking rewards of approximately $299 million when its ETH is fully staked by MAVAN and its staking partners, and current projected annualized staking revenues of approximately $254 million; MAVAN’s intended expansion to institutional investors, custodians and ecosystem partners; the company’s commitment to acquire ETH weekly under its ETH Treasury Strategy; and management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as the U.S. action on August 15, 1971, ending Bretton Woods and the U.S. dollar gold standard.

Bitmine said the forward-looking statements also include expectations regarding the $4 billion share repurchase program and its accretive value to shareholders, including statements that the company has executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury; statements about expected ETH price levels and technical targets, including expectations that the next key levels to clear are $2,000 and $2,500 for ETH; statements regarding its investment in Eightco Holdings as providing indirect exposure to OpenAI; beliefs regarding the ETH/BTC ratio being at a three-month high and expectations that this bodes well for future strengthening of ETH prices; and the future growth and advancement of Bitmine’s Ethereum treasury strategy.

The company said factors to consider in evaluating such statements 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 of its business; market conditions affecting the trading price of its common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including 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 its staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum.

Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Bitmine said forward-looking statements are subject to numerous conditions, many of which are beyond its control, including those described in the Risk Factors section of its Form 10-K filed with the SEC on November 21, 2025, and in other SEC filings, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available at www.sec.gov. The company said it undertakes no obligation to update these statements for revisions or changes after the date of the release, except as required by law.