NORWALK, Conn. — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on accumulating crypto assets for long-term investment, said its crypto holdings, cash and marketable securities, and “moonshots” totaled $11.8 billion as of July 26, 2026, at 7:00 p.m. ET.

The company said its 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), and $268 million in total cash and marketable securities. Bitmine said its ETH position represents 4.8% of the total ETH supply of 120.7 million tokens, putting it 96% of the way toward its “Alchemy of 5%” goal.

The update places Bitmine among a group of public companies using digital assets as treasury reserves, a model that can tie balance-sheet value, financing decisions, and shareholder returns more directly to crypto market prices and regulatory developments.

Bitmine also 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 repurchased the prior week. Since July 1, 2026, the company has repurchased 11.6 million shares of common stock 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 added.

Lee said Bitmine has repurchased more than 11 million shares of common stock and has “executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury.”

The company 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.

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

The company said it has support from institutional and individual investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee as it pursues its goal of acquiring 5% of ETH.

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, an institutional-grade staking platform. The company said MAVAN was initially developed to support Bitmine’s own Ethereum treasury and is intended 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 central to Ethereum’s proof-of-stake network, where validators help secure the chain and can receive protocol rewards. For a treasury holder, staking can add a yield component to ETH holdings, while the company’s own risk disclosures note that performance, reliability, security, and digital-asset price volatility remain important variables.

As of July 26, 2026, Bitmine said its total staked ETH stood at 4,917,189 ETH, representing $9.6 billion at $1,948 per ETH. “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 added.

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. The company said it remains the largest ETH treasury in the world.

According to Fundstrat data cited by the company, Bitmine is among the most widely traded stocks in the United States. The 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, according to 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 a catalyst for the modernization of Wall Street, creating major Wall Street firms and today’s financial and payment rails, which it said proved to be better investments than gold.

The regulatory references are significant because U.S. rules for digital assets, market structure, and token-related financial products remain a key watch item for companies whose strategies depend on holding, staking, or otherwise using crypto assets at scale.

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

Bitmine (NYSE: BMNR) describes itself as 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 is using 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 lists its X accounts as: https://x.com/bitmnr https://x.com/fundstrat

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

The company said the release specifically contains forward-looking statements regarding: its ETH acquisition goals, including the “Alchemy of 5%” initiative and the statement that Bitmine is 96% of the way to this 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 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; the company’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 August 15, 1971, U.S. action 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; 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 3-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.

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 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 the company’s staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum.

Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. The company said forward-looking statements are subject to numerous conditions, many beyond Bitmine’s control, including those set forth 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 SEC filings are available at www.sec.gov. Bitmine said it undertakes no obligation to update the statements for revisions or changes after the date of the release, except as required by law.

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