NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its crypto holdings, total cash and marketable securities, and "moonshots" reached $11.6 billion as of Aug. 9, 2026 at 6:30 p.m. ET.

The company said its holdings include 5,805,238 ETH valued at $1,928 per ETH, based on Coinbase pricing, 209 Bitcoin, 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 represent 4.8% of the total ETH supply of 120.7 million tokens. Holding nearly 5% of all ETH in circulation places Bitmine in a position no other publicly traded company occupies for any major cryptocurrency.

Bitmine said it is 96% of the way to its goal of accumulating 5% of the ETH supply, which it has described as the "Alchemy of 5%," and said it reached that level in about 14 months.

Thomas "Tom" Lee, chairman of Bitmine, said the company was disappointed that the CLARITY Act will not receive a Senate vote before the August recess, while adding that markets appear to be responding more to softer inflation and jobs data. The CLARITY Act, which passed the House in 2025, would establish a federal framework defining jurisdictional boundaries between the CFTC and SEC over digital asset spot markets, but has stalled in the Senate. He said the odds of a September rate cut by the Federal Reserve have fallen to 40% from 75% two weeks earlier and said easing financial conditions would likely support crypto.

Lee also said that since Bitmine shifted to an Ethereum treasury strategy on June 30, 2025, periods of ETH outperformance versus Bitcoin have often been followed by stronger performance in Bitmine shares during the following month. He cited July, when ETH outperformed Bitcoin by 1,100 basis points, similar to July 2025, December 2025 and March 2026, and said Bitmine shares later outperformed ETH in the following two months in those cases.

Bitmine said it repurchased 3 million common shares in the past week and has bought back 19.1 million shares since July 1, 2026 under its previously authorized $4 billion share repurchase program. Lee said the company continues to view its common shares as undervalued and said the buyback is the largest ever executed by any Ethereum, Bitcoin or crypto digital asset treasury (DAT). The DAT model, in which publicly traded firms hold digital assets as primary treasury reserves, gained prominence through Strategy Inc.'s Bitcoin strategy and has since been adopted by a growing number of companies across various tokens.

The company said it acquired 7,391 ETH over the past week and has purchased ETH every week since the start of its ETH treasury strategy on June 30, 2025.

Bitmine also said its total staked ETH stood at 5,067,309 tokens, worth about $9.8 billion at $1,928 per ETH. Ethereum staking involves locking ETH to help secure the network's proof-of-stake consensus layer in exchange for protocol-issued rewards. The company said its MAVAN, or Made in America VAlidator Network, is an institutional staking platform designed for Bitmine's own treasury and, eventually, for institutional investors, custodians and ecosystem partners. Bitmine said a portion of its ETH is already staked on MAVAN.

Lee said Bitmine has staked more ETH than any other entity in the world. He added that if the company's ETH is fully staked by MAVAN and its staking partners, projected annualized staking rewards would be about $294 million, based on a 2.63% 7-day BMNR yield. He also said annualized staking revenues are now projected at $257 million and that Bitmine's 5.1 million staked ETH represents 87% of the 5.81 million ETH held by the company.

Bitmine said its holdings make it the largest ETH treasury in the world and the No. 1 Ethereum treasury overall. It said its crypto holdings also make it the No. 2 global treasury behind Strategy Inc., which reportedly owns 842,138 Bitcoin valued at about $59 billion.

The company said it was added to the Russell 1000 Large-cap index on June 26, 2026. Inclusion in the Russell 1000 typically results in automatic buying by index-tracking funds and exchange-traded funds that replicate the benchmark's composition. It also said its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

Bitmine 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 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 federal regulatory framework for payment stablecoins in the United States.

The company said its latest Chairman's Message, titled "ETH is the cure for the Uncanny Valley of Wealth," was released on July 16, 2026. It also said the full-year 2025 earnings presentation and corporate presentation are available on its investor relations website.

Bitmine Immersion Technologies described itself 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 also develops blockchain infrastructure through MAVAN, invests in early-stage blockchain opportunities it calls "moonshots," and provides ancillary mining, hosting and consulting services.

For additional details, the company directed readers to its website and X accounts, including https://x.com/bitmnr and https://x.com/fundstrat.