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 repurchased 5.5 million common shares last week, authorized under the previously announced $4 billion share repurchase program.
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 has 4,917,189 ETH staked, representing $9.2 billion at $1,879 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors.
Bitmine owns $58 million of Eightco (NASDAQ: ORBS), now one of the only publicly traded stocks in the world that provides investors with indirect exposure to OpenAI.
Bitmine Crypto + Total Cash and Marketable Securities Holdings + “Moonshots” Total $11.5 Billion, Including 5.78 Million ETH Tokens, Total Cash and Marketable Securities of $385 Million, and Other Cryptocurrency Holdings.
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 20, 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 Bitmine crypto + total cash and marketable securities + “moonshots” holdings totaling $11.5 billion.
As of July 19, 2026 at 8:30 pm ET, the Company’s cryptocurrency holdings are comprised of 5,777,468 ETH at $1,879 per ETH (per Coinbase NASDAQ: COIN), 207 Bitcoin (BTC), a $180 million stake in Beast Industries, a $58 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash and marketable securities. of 385 million dollars. Bitmine’s ETH holdings represent 4.8% of the ETH supply (of 120.7 million ETH).
“Bitmine repurchased approximately 5.5 million shares of common stock last week at an average price of $15.6156. We believe the purchase of our common stock increases value for shareholders,” said Thomas “Tom” Lee, president of Bitmine.
Bitmine executed the repurchase of 5.5 million common shares under the previously authorized $4 billion share repurchase program.
“Over the past week, we acquired 7,430 ETH. The reduced pace of purchases reflects Bitmine repurchasing 5.5 million common shares. Bitmine has purchased ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Lee said.
On July 16, 2026, Bitmine published the president’s last message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”
In early 2026, Bitmine launched MAVAN (Made in American VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of July 19, 2026, Bitmine’s total staked ETH stands at 4,917,189 ($9.2 billion at $1,879 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 partners), the projected ETH staking reward is $290 million on an annualized basis (using a 7-day BMNR return of 2.67%),” Lee stated.
“Annualized staking revenue is now projected at $247 million. And these 4.9 million ETH are 85% of the 5.78 million ETH held by Bitmine. Bitmine’s own staking trades generated a 7-day return of 2.67% (annualized),” Lee continued.
Bitmine’s cryptocurrency holdings reign as the number one Ethereum treasury and the number two treasury globally, behind Strategy Inc., which reportedly holds 843,775 BTC valued at approximately $55 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the United States. According to Fundstrat data, the stock has traded average daily dollar volume of $579 million (5-day average, as of July 17, 2026), ranking 187th in the US, behind AirBnB (186th) and ahead of Fastenal (188th) among 5,704 US-listed stocks (statistics.com and Fundstrat research).
Bitmine management believes that the GENIUS Act and the Securities and Exchange Commission’s (the “SEC”) Project Crypto are as transformative for financial services in 2025 as the United States’ action on August 15, 1971 that ended Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic titans of Wall Street and today’s financial and payments avenues. These turned out to be better investments than gold.
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.
For additional details, follow X:
https://x.com/bitmnr
https://x.com/fundstrat
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 statement that Bitmine is 96% of the way toward this objective; (ii) the Company’s digital asset accumulation strategy and staking operations, including the disclosure that Bitmine has 4,917,189 ETH staked representing $9.2 billion, projected annualized ETH staking rewards of approximately $290 million (when MAVAN and its staking partners fully stake Bitmine’s ETH), and currently projected annualized staking revenue of approximately $247 million; (iii) the planned expansion of MAVAN to serve institutional investors, custodians and ecosystem partners seeking the best staking infrastructure; (iv) the Company’s continued commitment to acquire ETH on a weekly basis under its ETH Treasury Strategy; (v) management’s belief that the GENIUS Act and the SEC’s Project Crypto are as transformative for financial services as the United States action on August 15, 1971 that ended Bretton Woods and the USD gold standard; (vi) expectations regarding the $4 billion share buyback program and its added value to shareholders; (vii) statements regarding the Company’s investment in Eightco Holdings as an indirect exposure to OpenAI; and (viii) 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, share repurchase activities 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.
