NORWALK, Conn., July 27, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, said its crypto holdings, total cash and marketable securities, and “moonshots” holdings totaled $11.8 billion.

As of July 26, 2026, at 7:00 p.m. ET, Bitmine 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), categorized as “moonshots”; and total cash and marketable securities of $268 million.

The company said its ETH holdings represented 4.8% of the total ETH coin supply of 120.7 million ETH. Bitmine said it is 96% of the way toward its “Alchemy of 5%” objective after 13 months. The company also said its crypto holdings make it the No. 1 Ethereum treasury and the No. 2 global crypto treasury, behind Strategy Inc. (NASDAQ: MSTR), which it said reportedly owns 843,775 BTC valued at approximately $59 billion.

Digital asset treasury companies are public companies that hold cryptocurrencies as primary treasury reserve assets, giving public-market investors exposure to those assets through listed equities rather than direct token ownership. Bitmine’s reported ETH concentration makes its balance sheet closely tied to Ethereum holdings, staking operations and the company’s ability to finance continued acquisitions and buybacks.

Bitmine said it repurchased 6.1 million shares of common stock in the past week under its previously announced $4 billion share repurchase program, up from 5.5 million shares purchased in the prior week. Since July 1, 2026, the company said it 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 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.

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 message is available at:

Earlier in 2026, Bitmine launched MAVAN, the Made in America VAlidator Network, which it described as an institutional-grade staking platform. The company said MAVAN was originally developed to support Bitmine’s Ethereum treasury and 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, representing $9.6 billion at $1,948 per ETH. The company said this amount was 85% of its 5.79 million ETH holdings.

On Ethereum, staking involves committing ETH to help validate transactions and secure the network, with rewards generated at the protocol level and yields varying over time. For a treasury company with large ETH holdings, the scale, uptime, custody arrangements and security of staking operations are key operational factors alongside token price volatility.

“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 it owns $61 million of Eightco Holdings (NASDAQ: ORBS), which it described as one of the only publicly listed equities in the world to provide investors with indirect exposure to OpenAI.

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 its goal of acquiring 5% of ETH.

Bitmine was added to the Russell 1000 large-cap index on June 26, 2026. The company’s Series A Preferred Stock trades on the NYSE under the symbol BMNP.

Bitmine said it is one of the most widely traded stocks in the United States. Citing Fundstrat data, the company said its 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, 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 was a catalyst for the modernization of Wall Street, creating the Wall Street firms and financial and payment rails of today, and said these proved to be better investments than gold.

The chairman’s message can be found at:

The Fiscal Full Year 2025 earnings presentation and corporate presentation can be found at:

For additional details, Bitmine’s X accounts are: https://x.com/bitmnr https://x.com/fundstrat

About Bitmine

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, implementing a digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the company said it is committed to ETH as its primary treasury reserve asset, using native protocol-level activities including staking and decentralized finance mechanisms. Bitmine launched MAVAN, the Made-in America VAlidator Network, as dedicated staking infrastructure for Bitmine assets in 2026.

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 are forward-looking statements involving risks and uncertainties, and may be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates” and similar expressions.

Bitmine 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 this 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; 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 U.S. action on August 15, 1971, ending Bretton Woods and the U.S. dollar 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 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.

The company said factors to consider in evaluating these forward-looking statements 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 the company’s 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. Bitmine said forward-looking statements are subject to numerous conditions, many of which are beyond its control, including those described in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as 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.