NORWALK, Conn., July 13, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a leading Bitcoin and Ethereum network company focused on long-term digital asset accumulation, announced today that its combined crypto holdings, cash, marketable securities, and strategic "moonshot" investments total $11.3 billion as of July 12, 2026.
The Company’s crypto portfolio includes 5,770,038 ETH—valued at approximately $10.5 billion based on a price of $1,820 per ETH (per Coinbase, NASDAQ: COIN)—representing 4.8% of Ethereum’s total circulating supply of 120.7 million ETH. Bitmine is now 96% of the way toward its strategic objective known as the “Alchemy of 5%,” aiming to hold 5% of all ETH by the end of 2026.
Of its ETH holdings, 4,917,189 tokens (85% of total ETH owned) are actively staked, generating an annualized yield of 2.70%. This translates to projected staking revenues of $242 million annually, with potential to reach $284 million once fully deployed across Bitmine’s institutional-grade staking infrastructure, MAVAN (Made in America VAlidator Network).
“Bitmine has staked more ETH than any other entity globally,” said Thomas "Tom" Lee, Chairman of Bitmine. “At scale, our staking operations represent a significant and sustainable revenue stream anchored in Ethereum’s foundational protocol.”
In addition to ETH, Bitmine holds 206 BTC, a $180 million stake in Beast Industries, and a $69 million position in Eightco Holdings (NASDAQ: ORBS)—one of the few publicly traded equities offering indirect exposure to OpenAI. The Company also reported $482 million in cash and marketable securities.
On June 26, 2026, Bitmine was added to the Russell 1000 Large-cap Index during its annual reconstitution. Chairman Lee noted that inclusion is expected to attract hundreds, if not thousands, of new institutional investors, as passive funds typically allocate 18–20% of their portfolios to index constituents.
Bitmine further strengthened its balance sheet on June 10, 2026, by closing a public offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock (NYSE: BMNP) at $80.00 per share, netting $273.8 million after expenses. Dividends on BMNP are scheduled for weekly payment, subject to governing terms.
Lee highlighted the growing utility of ETH driven by real-world adoption, citing the successful launch of the Robinhood Chain L2 mainnet on July 1, 2026. Built on Arbitrum, the network has already surpassed $1 billion in trading volume and outpaces all decentralized exchanges (DEXs). “Robinhood Chain uses ETH as its native gas token, and its 27 million users are paying fees in ETH—signaling that everyday people are beginning to treat ETH as money,” Lee stated.
Launched earlier in 2026, MAVAN was initially developed to support Bitmine’s own treasury but is now expanding to serve external institutional investors, custodians, and ecosystem partners seeking secure, U.S.-based staking infrastructure.
Bitmine remains backed by a prestigious group of institutional investors, including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, Digital Currency Group (DCG), Galaxy Digital, and Tom Lee himself.
With average daily trading volume of $475 million (5-day average as of July 10, 2026), BMNR ranks #215 among all U.S.-listed stocks, reflecting strong market interest. The Company asserts that regulatory developments such as the GENIUS Act and the SEC’s Project Crypto could be as transformative to finance as the 1971 end of the gold standard.
Bitmine currently holds the title of the world’s largest Ethereum treasury and ranks as the #2 global crypto treasury overall, behind only Strategy Inc., which holds 843,775 BTC valued at roughly $54 billion.
For more information, visit Bitmine’s Chairman’s Message and Investor Relations pages.
Forward-Looking Statements: This release contains forward-looking statements subject to risks and uncertainties, including those related to digital asset volatility, regulatory changes, technological shifts, and market conditions. Actual results may differ materially. Refer to Bitmine’s SEC filings for detailed risk factors.
SOURCE: Bitmine Immersion Technologies, Inc.