Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its Ethereum holdings have reached 5.79 million ETH, equal to 4.8% of the total ETH coin supply of 120.7 million, and that its crypto assets, total cash and marketable securities, and “moonshots” holdings totaled $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 96% of the way toward its “Alchemy of 5%” objective 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); and total cash and marketable securities of $268 million. The company described the Beast Industries and Eightco positions as “moonshots.”

The scale of the reported ETH position is central to Bitmine’s treasury strategy because Ethereum’s circulating supply is the denominator for the company’s 5% target. Public companies pursuing digital asset treasury strategies typically use balance sheet holdings, financing activity, and market disclosures to give equity investors exposure to crypto assets without directly holding tokens.

Bitmine also said it owns $61 million of Eightco (NASDAQ: ORBS), which it described as now one of the only publicly listed equities in the world to provide investors with indirect exposure to OpenAI.

The company said it repurchased 6.1 million shares of common stock in the past week under its previously announced $4 billion share repurchase program. That followed 5.5 million shares purchased the prior week. Since July 1, 2026, Bitmine said it has repurchased 11.6 million common shares under the authorization.

“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 added.

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

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

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, an institutional-grade staking platform. The company said MAVAN was initially developed to support Bitmine’s own Ethereum treasury and 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.

Staking is part of Ethereum’s proof-of-stake system, in which validators help secure the network and process transactions in exchange for protocol rewards. For a treasury company, staking can add a yield component to token holdings, while also introducing operational, security, liquidity, and validator-performance considerations that Bitmine addresses in its risk disclosures.

As of July 26, 2026, Bitmine said its total staked ETH was 4,917,189, representing $9.6 billion at $1,948 per ETH. The staked amount represented 85% of the 5.79 million ETH held by the company.

“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 continued.

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

The comparison with Strategy places Bitmine within a broader public-market trend in which companies use crypto reserves as a defining balance sheet asset. The model makes disclosures on token quantities, financing, liquidity, custody, and regulatory risk especially relevant for shareholders because the company’s assets and operating plans are tied closely to digital asset markets.

The company also 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 Bitmine’s goal of acquiring 5% of ETH.

Bitmine said it is among the most widely traded stocks in the United States. Citing Fundstrat data, the company said its stock traded average daily dollar volume of $597 million on a five-day average as of July 24, 2026, ranking 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, 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. The company said the 1971 event catalyzed the modernization of Wall Street and helped create today’s major Wall Street institutions and financial and payment rails, which it said proved to be better investments than gold.

The company’s fiscal full-year 2025 earnings presentation and corporate presentation are available at:

Additional company updates are available at:

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the U.S. The company said it is deploying excess capital 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 “alchemy of 5%” philosophy, Bitmine said it is committed to ETH as its primary treasury reserve asset and uses native protocol-level activities, including staking and decentralized finance mechanisms. The company launched MAVAN, a 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

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

Bitmine said the forward-looking statements include its goals regarding ETH acquisition, including the “Alchemy of 5%” initiative and the statement that it is 96% of the way to that goal; its digital asset accumulation strategy and staking operations, including 4,917,189 staked ETH representing $9.6 billion, projected annualized ETH staking rewards of about $299 million when Bitmine’s ETH is fully staked by MAVAN and its staking partners, and current projected annualized staking revenues of about $254 million; MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners; the company’s continued commitment to acquire ETH weekly under its ETH Treasury Strategy; management’s belief regarding the GENIUS Act and SEC Project Crypto; expectations regarding the $4 billion share repurchase program and its value to shareholders; statements regarding expected ETH price levels and technical targets of $2,000 and $2,500; statements about Eightco Holdings as providing indirect exposure to OpenAI; beliefs about the ETH/BTC ratio reaching a three-month high; and the future growth and advancement of its Ethereum treasury strategy.

The company said factors to consider 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 activity, and proposed future business; competition; market conditions affecting its common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; volatility and unpredictability in digital asset prices; the performance, reliability, and security of staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum.

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