NORWALK, Conn., July 27, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum Network company focused on accumulating crypto for long-term investment, said its crypto, total cash and marketable securities, and “moonshots” holdings totaled $11.8 billion.

The update adds to the growing public-company digital asset treasury category, in which listed firms hold cryptocurrencies and related assets on their balance sheets as part of a stated corporate strategy. Bitmine’s strategy is centered on Ethereum rather than Bitcoin, making the size of its ETH position central to how investors and market participants assess the company.

The company said it owns 4.8% of the total ETH coin supply of 120.7 million and is 96% of the way to its “Alchemy of 5%” target in 13 months. 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 was added to the Russell 1000 Large-cap index on June 26, 2026, and its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

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

Bitmine said it has 4,917,189 staked ETH, representing $9.6 billion at $1,948 per ETH. Ethereum staking involves committing ETH to help validate transactions and secure the network, with participants receiving protocol-level rewards subject to network, operational, and market risks. MAVAN, the Made in America VAlidator Network, is described by the company as a premier Ethereum staking destination for BMNR and institutional investors.

Bitmine 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, in support of its goal of acquiring 5% of ETH.

“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. Since July 1, 2026, Bitmine has repurchased 11.6 million shares of common stock under the previously authorized $4 billion share repurchase program.

“Over the past week, we acquired 9,946 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Lee said.

On July 16, 2026, Bitmine released its latest Chairman’s Message for July 2026. The message was 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 American VAlidator Network, an institutional-grade staking platform. The company said MAVAN was initially developed to support Bitmine’s own Ethereum treasury, and that MAVAN intends 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 July 26, 2026, Bitmine said its total staked ETH stood at 4,917,189, or $9.6 billion at $1,948 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 $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.

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

The company also said BMNR is one of the most widely traded stocks in the United States. According to data from Fundstrat, the stock had average daily dollar volume of $597 million on a five-day average as of July 24, 2026, ranking No. 171 in the United States, behind Hewlett Packard Enterprise at No. 170 and ahead of HCA Healthcare at No. 172, among 5,704 U.S.-listed stocks, based on statista.com and Fundstrat research.

Bitmine 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 gold standard 54 years earlier. The company said the 1971 event was a catalyst for the modernization of Wall Street, creating the Wall Street firms and financial and payment rails of today, and that those proved to be better investments than gold. Regulatory developments remain a key area to watch for digital asset treasury companies because rules affecting token markets, custody, disclosure, and staking can influence how public companies operate these strategies.

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

To stay informed, the company directed readers to:

About Bitmine

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the United States. The company is deploying excess capital to seek to become the leading Ethereum Treasury company in the world, implementing a digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” Bitmine said it is committed to ETH as its primary treasury reserve asset and is using native protocol-level activities including staking and decentralized finance mechanisms. The company launched MAVAN, the Made-in America VAlidator Network, a dedicated staking infrastructure for Bitmine assets, in 2026.

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. Statements in the release that are not purely historical are forward-looking statements involving risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates,” and similar expressions.

The company said the document specifically contains forward-looking statements regarding: (i) the company’s goals regarding ETH acquisition, including the “Alchemy of 5%” initiative and the statement that Bitmine is 96% of the way to this goal; (ii) the company’s digital asset accumulation strategy and staking operations, including the statement that Bitmine has 4,917,189 staked ETH representing $9.6 billion, projected annualized ETH staking rewards of approximately $299 million when Bitmine’s ETH is fully staked by MAVAN and its staking partners, and current projected annualized staking revenues of approximately $254 million; (iii) MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (iv) the company’s continued commitment to acquire ETH weekly under its ETH Treasury Strategy; (v) management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as U.S. action on August 15, 1971, ending Bretton Woods and the USD gold standard; (vi) expectations regarding the $4 billion share repurchase program and its accretive value to shareholders, including statements that Bitmine has executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury; (vii) statements regarding expected ETH price levels and technical targets, including expectations that the next key levels to clear are $2,000 and $2,500 for ETH; (viii) statements regarding the company’s investment in Eightco Holdings as providing indirect exposure to OpenAI; (ix) beliefs regarding the ETH/BTC ratio being at a 3-month high and expectations that this bodes well for future strengthening of ETH prices; and (x) the future growth and advancement of the company’s Ethereum treasury strategy.

In evaluating these forward-looking statements, the company said readers should consider various factors, including 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 Bitmine’s business; market conditions affecting the trading price of its common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate 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.

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