NORWALK, Conn., Aug. 17, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said on Sunday that its crypto, cash and marketable securities, and “moonshots” holdings totaled $11.4 billion as of Aug. 16, 2026 at 9:30 p.m. ET.

The company said its holdings included 5,815,164 ETH valued at $1,893 per ETH, according to Coinbase (NASDAQ: COIN), 210 Bitcoin, a $180 million stake in Beast Industries, a $73 million stake in Eightco Holdings (NASDAQ: ORBS), and $78 million in cash and marketable securities. Bitmine said its ETH holdings represent 4.8% of the total ETH supply of 120.7 million tokens.

Bitmine said it is 96% of the way toward its “Alchemy of 5%” goal, which calls for accumulating 5% of the total ETH supply. At the stated supply of 120.7 million tokens, 5% equates to roughly 6.04 million ETH — about 220,000 more than the company currently holds. The company said it has been buying ETH every week since it launched its ETH treasury strategy on June 30, 2025.

“We are encouraged to see the ETH/BTC ratio at 0.02994 and rising. This ratio has moved above the long-term downtrend in place over the last few years and is a sign, in our view, that markets are beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum,” Thomas “Tom” Lee, chairman of Bitmine, said in the release. “We expect easing financial conditions to be a tailwind for crypto.”

The ETH/BTC ratio measures ether's price relative to bitcoin; a rising ratio indicates ether gaining ground against the larger cryptocurrency. Lee said the ETH/BTC ratio has tended to rise during previous crypto bull cycles, citing ICOs in 2017-2018, NFTs in 2020-2021 and stablecoins in 2025. He said Bitmine sees the ratio rising again in the next cycle, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains.

Bitmine said it repurchased 1.7 million shares of common stock in the past week and has repurchased more than 20.8 million shares since the start of July under its previously announced $4 billion share repurchase program. Lee said the buyback is the largest ever executed by any Ethereum, Bitcoin or crypto digital asset treasury company.

Since July 1, 2026, Bitmine said it has repurchased 20.8 million common shares under the program. The company also said it was added to the Russell 1000 Large-cap Index on June 26, 2026, a membership that typically exposes a stock to funds tracking the benchmark, and that its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

Bitmine said it acquired 9,926 ETH over the past week. The company said it currently has 5,067,309 staked ETH, valued at $9.6 billion at $1,893 per ETH. It described MAVAN, or the Made in America VAlidator Network, as an institutional-grade Ethereum staking platform for BMNR and institutional investors.

Ethereum has run on proof-of-stake consensus since its 2022 Merge, allowing holders to stake ETH to help secure the network in exchange for protocol rewards — the mechanism underlying the yields Bitmine cites. Earlier in 2026, Bitmine launched MAVAN to support its own Ethereum treasury and said it intends to expand the platform to institutional investors, custodians and ecosystem partners seeking staking infrastructure. The company said a portion of its ETH is already staked on MAVAN.

“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 $287 million on an annualized basis (using 2.61% 7-day BMNR yield),” Lee said. He added that annualized staking revenues are now projected at $250 million and that the 5.1 million ETH staked represents 87% of Bitmine’s 5.82 million ETH holdings.

Bitmine said its crypto holdings make it the No. 1 Ethereum treasury and the No. 2 global treasury, behind Strategy Inc., which it said reportedly holds 840,447 BTC valued at approximately $58 billion. Strategy, formerly MicroStrategy, pioneered the corporate digital-asset treasury model when it began buying Bitcoin in 2020. The company said it remains the largest ETH treasury in the world.

Lee also said Bitmine owns $73 million of Eightco Holdings (NASDAQ: ORBS), which he described as one of the few publicly listed equities that provides indirect exposure to OpenAI.

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 Thomas “Tom” Lee.

The company said its chairman’s message for July 2026, titled “ETH is the cure for the Uncanny Valley of Wealth,” was released on July 16, 2026. Bitmine also referred readers to its investor relations site for its fiscal full-year 2025 earnings presentation and corporate presentation, and to its website for updates.

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries, is a blockchain technology infrastructure company focused on institutional digital asset staking and validation services, bitcoin mining and strategic digital asset management. The company says it is the world’s leading Ethereum treasury company and provides institutional-grade staking and validation infrastructure, alongside bitcoin mining activities. Bitmine also holds digital assets strategically to generate yield and support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including the development and deployment of MAVAN. Its activities also include investments in early-stage blockchain opportunities and ancillary mining, hosting and consulting services.

For additional details, follow Bitmine on X at https://x.com/bitmnr and https://x.com/fundstrat.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements include, among other things, Bitmine’s goal of acquiring 5% of total ETH supply, its digital asset accumulation strategy, its staking operations and projected rewards, the intended expansion of MAVAN, its $4 billion share repurchase program, management’s view that the company’s common shares are undervalued, expectations regarding ETH performance versus Bitcoin and the Nasdaq 100, expectations for the ETH/BTC ratio, views on the GENIUS Act and SEC Project Crypto, the company’s investment in Eightco Holdings, and the future growth and direction of its Ethereum treasury strategy and blockchain infrastructure.

These statements involve risks and uncertainties that could cause actual results to differ materially, including volatility in digital asset prices, changes in market conditions, the company’s ability to execute its acquisition strategy and finance operations, operational and technological risks in staking and validation, competition, dependence on key personnel, regulatory developments, actions by the SEC and other regulators, risks tied to early-stage blockchain investments, macroeconomic conditions, the accuracy of management’s expectations about the ETH/BTC ratio and crypto cycles, changes to the Ethereum protocol, third-party service provider performance and concentration of assets in digital currencies. Additional information is available in the company’s SEC filings.

The company said the forward-looking statements are based on information available as of the date of the release and that it does not undertake any obligation to update them except as required by law.