Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its Ethereum holdings reached 5.79 million ETH and that its total crypto, cash, marketable securities and “moonshot” holdings totaled $11.8 billion, according to a July 27, 2026, company announcement issued from Norwalk, Connecticut.

The company said it owns 4.8% of the total ETH supply of 120.7 million tokens and is 96% of the way toward its “Alchemy of 5%” target after 13 months. Bitmine described itself as a Bitcoin and Ethereum Network company focused on accumulating crypto for long-term investment. The disclosure places Bitmine within the growing category of public companies that use digital assets as treasury reserve assets, while also making the value of its balance sheet closely tied to the accounting, custody, staking and market-risk considerations associated with crypto holdings.

As of July 26, 2026, at 7:00 p.m. ET, Bitmine said its crypto holdings included 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), categorized among its “moonshots”; and total cash and marketable securities of $268 million. The company said Eightco is now one of the only publicly listed equities in the world that gives investors indirect exposure to OpenAI.

Bitmine 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 said this was up from 5.5 million shares repurchased the previous week. Since July 1, 2026, Bitmine has repurchased 11.6 million common shares under the program.

“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.

Lee also addressed ETH price levels cited by technical strategists and Bitmine’s adviser Tom DeMark of DeMark Analytics. “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.

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 said it was added to the Russell 1000 Large-cap index on June 26, 2026. The Russell 1000 is a widely followed U.S. large-cap equity benchmark, making the index addition part of Bitmine’s broader public-market profile. Bitmine’s Series A Preferred Stock trades on the NYSE under the symbol BMNP.

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, described by the company as an institutional-grade Ethereum staking platform. MAVAN 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 the MAVAN platform.

As of July 26, 2026, Bitmine said its total staked ETH stood at 4,917,189 ETH, equal to $9.6 billion at $1,948 per ETH. In Ethereum staking, ETH is committed to help secure and validate the network in exchange for protocol rewards, so staking scale, yield and operational reliability are central to Bitmine’s treasury model. “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 said.

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 approximately $59 billion. Bitmine said it remains the largest ETH treasury in the world.

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

Bitmine also described its stock as one of the most widely traded 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. That ranked 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, ending Bretton Woods and the U.S. dollar’s link to the gold standard 54 years earlier. The company said the 1971 event catalyzed the modernization of Wall Street and created the Wall Street firms and financial and payment rails used today, adding that those assets proved to be better investments than gold. For companies holding or operating around digital assets, federal legislation and SEC initiatives remain important because they can shape compliance requirements, permissible activities and institutional adoption of crypto-related infrastructure.

Bitmine’s Fiscal Full Year 2025 earnings presentation and corporate presentation are available at:

The company’s contact page is available at:

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the United States. 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 what it calls “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, the Made-in America VAlidator Network, as 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 press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. It said statements that are not purely historical are forward-looking statements involving 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 approximately $299 million when its ETH is fully staked by MAVAN and staking partners, and current projected annualized staking revenues of approximately $254 million; MAVAN’s intended expansion to serve institutional investors, custodians and ecosystem partners; Bitmine’s continued commitment to acquire ETH weekly under its ETH Treasury Strategy; and 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 U.S. dollar gold standard.

The company said the statements also include 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 Bitmine’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 relevant to evaluating those statements include its 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 enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; volatility and unpredictability of digital asset prices; 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.

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 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. Copies of Bitmine’s SEC filings are available at www.sec.gov. Bitmine said it undertakes no obligation to update those statements after the date of the release, except as required by law.

Crypto News Land labeled the original article as a sponsored press release for informational purposes only and said the content did not reflect its views or constitute legal, tax, investment or financial advice.