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, cash and marketable securities, and "moonshots" holdings totaled $11.3 billion.

The company said its holdings consisted of 5,797,813 ETH valued at $1,880 per ETH, according to Coinbase (NASDAQ: COIN), 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.

BitMine said it owns 4.8% of the total ETH coin supply and is 96% of the way to its "Alchemy of 5%" goal in 13 months. The target, which the company has branded as the "Alchemy of 5%," would place BitMine's ETH holdings at a level rivaling the largest single-asset crypto concentrations held by any public company relative to a protocol's total supply.

"In July, ETH outperformed the Nasdaq 100 by 2,500bp (or 25 percentage points). This is the largest outperformance since July 2025, and we believe it is reflective of the strengthening fundamentals of crypto. Last July (2025), ETH rose from $2,375 to $4,057 by the end of August," Thomas "Tom" Lee, BitMine's chairman, said in the release.

Lee said that since BitMine shifted to an Ethereum treasury strategy on June 30, 2025, monthly outperformance of ETH versus QQQ has typically been followed by BitMine shares outperforming ETH over the following month. He said the company repurchased 4.5 million common shares in the past week and that management continues to view BitMine shares as attractively valued.

BitMine said the latest buyback brought its total common equity repurchases to more than 16 million shares. Since July 1, 2026, the company said it has repurchased 16.1 million shares under the previously authorized $4 billion share repurchase program.

The company also said it acquired 10,399 ETH over the past week and has bought ETH every week since the start of its ETH Treasury Strategy on June 30, 2025. The strategy mirrors the broader corporate crypto treasury model pioneered by firms such as Strategy Inc., formerly MicroStrategy, which began accumulating BTC on its balance sheet in 2020, though BitMine's approach centers on ETH and staking yield rather than BTC accumulation.

BitMine said it was added to the Russell 1000 Large-cap index on June 26, 2026, a reconstitution that typically brings increased visibility among passive and index-tracking funds, and that its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

The company said that as of Aug. 2, 2026, total staked ETH stood at 4,917,189, or $9.2 billion at $1,880 per ETH. Staking involves locking ETH to support the Ethereum network's proof-of-stake consensus mechanism in exchange for rewards. BitMine said MAVAN, or the Made in America VAlidator Network, is an institutional-grade staking platform that was initially developed to support its own Ethereum treasury and is intended to expand to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. It said a portion of its ETH is already staked on the MAVAN platform.

"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 $291 million on an annualized basis (using 2.67% 7-day BMNR yield)," Lee said.

Lee also said annualized staking revenues are projected at $247 million and that the 4.9 million ETH staked represents 85% of the 5.8 million ETH held by BitMine.

BitMine said its crypto holdings rank as the largest Ethereum treasury and the second-largest global treasury behind Strategy Inc. (NASDAQ: MSTR), which it said reportedly owns 843,775 BTC valued at about $57 billion. It said it remains the world's largest ETH treasury.

The company said its stock traded at an average daily dollar volume of $698 million over the five-day period ending July 31, 2026, according to Fundstrat, ranking it No. 180 among U.S.-listed stocks, between Schlumberger NV at No. 179 and Marsh & McLennan at No. 181, out of 5,704 U.S.-listed stocks, citing Statista and Fundstrat research.

BitMine said it owns $61 million of Eightco Holdings (NASDAQ: ORBS), which it described as one of the only publicly listed equities providing investors indirect exposure to OpenAI.

The company said it continues to be 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.

BitMine also said the GENIUS Act and the U.S. Securities and Exchange Commission's Project Crypto are 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 GENIUS Act, signed into law in 2025, established the first comprehensive U.S. federal framework for payment stablecoins, while the SEC's Project Crypto represents the commission's dedicated initiative to provide clearer regulatory guidance for digital asset markets.

The company directed readers to its Chairman's Message at its fiscal full-year 2025 earnings presentation and corporate presentation at and its contact page at

BitMine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries said they operate as a blockchain technology infrastructure company focused on institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. The company said it provides institutional-grade staking and validation infrastructure, earns staking rewards and validation income, and holds digital assets strategically to generate yield and support liquidity and capital formation. It also said it developed and deployed MAVAN during 2025 and continues to make early-stage blockchain investments, which it calls "moonshots," along with ancillary mining, hosting and consulting services.

For additional details, BitMine said readers can follow it on X at https://x.com/bitmnr and https://x.com/fundstrat.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties, including the company's ability to pursue its Ethereum treasury strategy, finance its business and share repurchase activities, and navigate regulatory developments, market conditions, digital asset price volatility, and staking-related performance, reliability and security risks. BitMine said actual results may differ materially from those expressed in the forward-looking statements and that it undertakes no obligation to update them except as required by law.