Bitmine Immersion Technologies’ Crypto Treasury Swells to $11.5 B, with 5.78 Million ETH Tokens

Norwalk, Conn., July 20, 2026 – Bitmine Immersion Technologies (NYSE: BMNR) let the market know that its crypto‑focused balance sheet has grown dramatically. The company now owns roughly 5.78 million ETH tokens, which translates to about 4.8 % of the entire Ethereum supply of 120.7 million.

But ETH isn’t the whole story. When you add the firm’s Bitcoin stash, a handful of “moonshot” equity positions and its cash and marketable securities, the total sits at a cool $11.5 billion. That includes $385 million in cash and short‑term investments, plus roughly $58 million in Eightco Holdings (NASDAQ: ORBS)—one of the few public stocks that give investors indirect exposure to OpenAI.

On the staking side, Bitmine’s MAVAN (Made‑in‑America Validator Network) platform now secures 4,917,189 ETH, valued at about $9.2 billion at a price of $1,879 per token. The firm says the projected annual staking reward could top $290 million once the full ETH position is staked.

In a separate move, Bitmine bought back about 5.5 million common shares this week, averaging $15.62 per share under its $4 billion repurchase authorization. Chairman Thomas "Tom" Lee called the buyback “accretive to shareholder value” and noted the company has been purchasing ETH weekly since the ETH Treasury Strategy launched on June 30, 2025.

Other milestones worth mentioning: Bitmine was added to the Russell 1000 Large‑Cap index on June 26, 2026; its Series A preferred stock trades on the NYSE under the ticker BMNP; and the firm now holds a $180 million stake in Beast Industries, alongside a modest 207‑BTC position.

Bitmine’s investor base reads like a who’s‑who of crypto‑friendly capital, featuring ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital and individual backer Tom Lee. The company says these partners are backing its long‑term goal of securing a 5 % share of the ETH supply – a target it’s already 96 % of the way toward achieving in just twelve months.

Lee also hinted at future ambitions in the company’s latest Chairman’s Message, titled “ETH is the cure for the Uncanny Valley of Wealth.” He believes upcoming regulatory initiatives such as the GENIUS Act and the SEC’s Project Crypto could be as transformative for finance as the 1971 end of the gold standard.