Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
Bitmine is 96% of the way to ‘5% Alchemy’ in just 12 months
Bitmine Added to Russell 1000 Large Cap Index on June 26, 2026
Bitmine Series A Preferred Shares are listed on the New York Stock Exchange under the symbol BMNP.
Bitmine remains backed by a leading group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH.
NORWALK, Conn., July 16, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum networking company focused on accumulating cryptocurrencies for long-term investments, today announced the publication of the July President’s Message titled “ETH is the Cure for the ‘Uncanny Valley of Wealth’.”
This message from the president explains the company’s belief that Ethereum is a critical interface for protecting humans from the downstream implications of growing AI capabilities and the resulting growing economic influence:
- The ‘Strange Valley of Wealth’ is the notion that humans will ultimately be disrupted by the growing economic and social power of an economy increasingly driven by artificial intelligence (AI) and, soon, machine-to-machine.
- This is a variant of the Japanese roboticist Masahiro Mori who in 1970 published the essay “Uncanny Valley”. His hypothesis describes the unsettling feeling people often get when they come across something that looks almost human.
- Cryptocurrencies faced macroeconomic headwinds in 2026, including bond market prices from a “hawkish” turn by global central banks, slow progress of the Clarity Act, AI outperformance (aka FOMO, or fear of missing out), and poor financial performance. As we move into 2026, we believe many of these headwinds could become tailwinds.
- While many simply say this is due to “crypto winter,” 2026 has seen many positive fundamental developments, including many banks announcing asset tokenization and new Ethereum Layer 2 (L2) launches, such as Robinhood Chain. This is in contrast to the crypto winters of 2018 and 2022, where regulatory hurdles and the collapse of crypto institutions marked those declines.
- The president believes Ethereum is positioned to benefit from two exponential drivers of Wall Street’s rail build in blockchain and agent AI (as discussed above).
- The chairman also discusses how Bitmine is strategically positioning itself for important drivers of the next cryptocurrency upcycle, supporting key infrastructure partners and strengthening the Ethereum ecosystem.
The president’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The fiscal year 2025 results presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, register at: https://Bitminetech.io/contact-us/
About BitMine
bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the world’s leading Ethereum treasury company, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%”, the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities, including decentralized and staking financial mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
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Forward-looking statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,” “projects,” “intends,” “believes,” “anticipates,” “estimates” and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company’s objectives with respect to the acquisition of ETH, including the “5% Alchemy” initiative and the expectation that Bitmine will achieve this objective sometime in 2026; (ii) the Company’s beliefs and expectations regarding the cryptocurrency market, including the belief that the macroeconomic headwinds that cryptocurrencies will face in 2026 could become tailwinds; (iii) the Company’s belief that Ethereum is a critical interface for protecting humans from the downstream implications of the growing capabilities of AI, including the “Uncanny Valley of Wealth” thesis about the growing economic and social power of an economy increasingly driven by agent AI; (iv) the President’s belief that Ethereum is positioned to benefit from two exponential drivers of Wall Street’s rail building in blockchain and agent AI; (v) the Company’s belief regarding Bitmine’s positioning for important drivers of the next cryptocurrency upcycle, including supporting key infrastructure partners and strengthening the Ethereum ecosystem; and (vi) the future growth and advancement of the Company’s Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider several factors, including: Bitmine’s ability to keep up with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; the competitive environment of Bitmine’s 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 final 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 safety of the Company’s participation operations; risks related to artificial intelligence 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 the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are 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, as well as all other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available on the SEC website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
