Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its crypto, cash, marketable securities and “moonshots” holdings totaled $11.8 billion as of July 26, 2026, at 7:00 p.m. ET, including 5,787,414 ETH valued at $1,948 per ETH based on Coinbase (NASDAQ: COIN) pricing.

The Norwalk, Connecticut-based company, which describes itself as a Bitcoin and Ethereum Network company focused on accumulating crypto for long-term investment, said its ETH holdings represent 4.8% of the total ETH supply of 120.7 million. Bitmine said it is 96% of the way toward its “Alchemy of 5%” goal after 13 months. The size of the position is central to Bitmine’s digital asset treasury strategy, a model in which a public company holds cryptocurrency as a primary reserve asset while remaining exposed to equity-market disclosure, financing and governance requirements.

Bitmine’s reported holdings also include 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 its Beast Industries and Eightco positions as “moonshots” and said Eightco is now one of the only publicly listed equities in the world to provide investors 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. The latest repurchases followed 5.5 million shares bought the prior week. Since July 1, 2026, Bitmine said it has repurchased 11.6 million shares of common stock under the program. Share repurchases are one way companies can return capital to shareholders or affect per-share metrics, though Bitmine said the program remains tied to its broader treasury and capital allocation approach.

“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,” Thomas “Tom” Lee, chairman of Bitmine, said.

“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 added.

“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.

Bitmine also 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 said its Series A Preferred Stock trades on the NYSE 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 American VAlidator Network, which it described as an institutional-grade staking platform. The platform was initially developed to support Bitmine’s own Ethereum treasury, and the company said MAVAN intends to expand to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. Bitmine said a portion of its ETH is already staked on MAVAN.

As of July 26, 2026, Bitmine said it had 4,917,189 staked ETH, representing $9.6 billion at $1,948 per ETH. The company said MAVAN, or the Made in America VAlidator Network, is a premier Ethereum staking destination for BMNR and institutional investors. Ethereum staking involves locking ETH to help validate transactions and secure the network, with rewards dependent on protocol conditions and validator performance.

“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 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 comparison places Bitmine among a small group of public companies whose market narratives are closely tied to the size, financing and risk management of digital asset holdings.

The company 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 also described itself as one of the most widely traded stocks in the United States. Citing Fundstrat data, the company said BMNR traded average daily dollar volume of $597 million on a five-day average as of July 24, 2026. Bitmine said that ranked the stock 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, citing 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 link to the gold standard 54 years earlier. The company said the 1971 event was the catalyst for the modernization of Wall Street, creating today’s Wall Street firms and financial and payment rails, and said those proved to be better investments than gold. Regulatory developments are a key issue for digital asset treasury companies because rules on market structure, disclosures, custody and token-related activities can affect how public companies implement crypto strategies.

The company’s Fiscal Full Year 2025 earnings presentation and corporate presentation 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 and is 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 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

Bitmine said the announcement contains 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 may 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: the company’s ETH acquisition goals, including the “Alchemy of 5%” initiative and the statement that Bitmine is 96% of the way to that goal; its 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; MAVAN’s intended expansion to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure; Bitmine’s continued commitment to acquire ETH weekly under its ETH Treasury Strategy; management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as the U.S. action on August 15, 1971, ending Bretton Woods and the USD gold standard; 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; 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; statements regarding the company’s investment in Eightco Holdings as providing indirect exposure to OpenAI; beliefs regarding the ETH/BTC ratio being at a three-month high and expectations that this bodes well for future strengthening of ETH prices; and the future growth and advancement of the company’s Ethereum treasury strategy.

Bitmine said factors to consider in evaluating those forward-looking statements include the company’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 its 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 its staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum.

The company 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 numerous conditions, many beyond Bitmine’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 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.