# Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.78 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion

- Link: https://www.thailand-business-news.com/pr-news/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-78-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-5-billion
- Published: 2026-07-20T19:30:00+07:00
- Author: PR Newswire

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**_Bitmine owns 4.8% of the total ETH coin supply of 120.7 million_**

**_Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 12 months_**

**_Bitmine repurchased 5.5 million common stock in the past week, authorized under
the previously announced $4 billion share repurchase program_**

**_Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026_**

**_Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP_**

**_Bitmine has 4,917,189 staked ETH, 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
listed equities in the world to provide investors indirect exposure to OpenAI_**

_Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total
$11.5 billion, including 5.78 million ETH tokens, total cash & marketable securities
of $385 million, and other crypto holdings_

_Bitmine remains supported by a premier 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 Network company with a 
focus on the accumulation of crypto for long term investment, today announced Bitmine
crypto_ + total cash & marketable securities + "moonshots" _holdings totaling $11.5
billion.

 [⌊Bitmine Weekly Update⌉](https://mmx.prnasia.com/media/MS1885287/1-Bitmine-Weekly-Update.jpg?id=OA2770184&p=medium600)

Bitmine Weekly Update

As of July 19, 2026 at 8:30pm ET, the Company’s crypto holdings are comprised of
5,777,468 ETH at $1,879 per ETH (per Coinbase NASDAQ: COIN), 207 Bitcoin (BTC), 
$180 million stake in Beast Industries, $58 million stake in Eightco Holdings (NASDAQ:
ORBS) ("moonshots") and total cash & marketable securities of $385 million. Bitmine’s
ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).

"Bitmine repurchased approximately 5.5 million shares of common stock in the past
week at an average price of $15.6156. We view the purchase of our common shares 
as accretive to shareholder value," stated Thomas "Tom" Lee, Chairman of Bitmine.

Bitmine executed the 5.5 million common stock buyback under the previously authorized
$4 billion share repurchase program. 

"Over the past week, we acquired 7,430 ETH. The reduced pace of buys reflects that
Bitmine repurchased 5.5 million common shares. Bitmine has bought ETH every week
since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

On July 16, 2026, Bitmine released the latest Chairman’s Message ([link here](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=26572571&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=link+here))
for July 2026. The title of the Message is "ETH is the cure for the Uncanny Valley
of Wealth."

Earlier in 2026, Bitmine launched MAVAN (the 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 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 staking partners),
the projected ETH staking reward is $290 million on an annualized basis (using 2.67%
7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $247 million. And this 4.9 million
ETH is 85% of the 5.78 million ETH held by Bitmine. Bitmine’s own staking operations
generated a 7-day yield of 2.67% (annualized)," continued Lee.

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury,
behind Strategy Inc., which reportedly owns 843,775 BTC valued at approximately 
$55 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine is one of the most widely traded stocks in the US. According to data from
Fundstrat, the stock has traded average daily dollar volume of $579 million (5-day
average, as of July 17, 2026), ranking #187 in the US, behind AirBnB (rank #186)
and ahead of Fastenal (rank #188) among 5,704 US-listed stocks ([statista.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=2124031099&u=http%3A%2F%2Fstatista.com%2F&a=statista.com)
and Fundstrat research).

Bitmine management believes the GENIUS Act and Securities and Exchange Commission’s(
the "SEC") Project Crypto are as transformational to financial services in 2025 
as US action on August 15, 1971 ending 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 Wall Street titans and financial and payment rails of today.
These proved to be better investments than gold.

The Chairman’s message can be found here:
[https://www.Bitminetech.io/chairmans-message](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=4247945596&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=https%3A%2F%2Fwww.Bitminetech.io%2Fchairmans-message)

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be
found here: [https://Bitminetech.io/investor-relations/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=906828741&u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&a=https%3A%2F%2FBitminetech.io%2Finvestor-relations%2F)

To stay informed, please sign up at: [https://Bitminetech.io/contact-us/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=2874427526&u=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F&a=https%3A%2F%2FBitminetech.io%2Fcontact-us%2F)

**About Bitmine[Bitmine](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=1523659881&u=https%3A%2F%2Fwww.bitminetech.io%2F&a=Bitmine)(
NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying
its excess capital to be the leading Ethereum Treasury company in the world, 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 staking and decentralized finance mechanisms. The Company launched MAVAN(
Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine
assets, in 2026.

For additional details, follow on X:
[https://x.com/bitmnr](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=3840020707&u=https%3A%2F%2Fx.com%2Fbitmnr&a=https%3A%2F%2Fx.com%2Fbitmnr)
[https://x.com/fundstrat](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4734564-1&h=1252826942&u=https%3A%2F%2Fx.com%2Ffundstrat&a=https%3A%2F%2Fx.com%2Ffundstrat)

**Forward Looking StatementsThis press release contains statements that constitute"
forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this press release that are not purely historical
are forward-looking statements which involve risks and uncertainties. These forward-
looking statements can be identified by terms such as "expects," "projects," "projected,""
intends," "believes," "anticipates," "estimates," and similar expressions. This 
document specifically contains forward-looking statements regarding: (i) the Company’s
goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the
statement that Bitmine is 96% of the way to this goal; (ii) the Company’s digital
asset accumulation strategy and staking operations, including the statement that
Bitmine has 4,917,189 staked ETH representing $9.2 billion, projected annualized
ETH staking rewards of approximately $290 million (when Bitmine’s ETH is fully staked
by MAVAN and its staking partners), and current projected annualized staking revenues
of approximately $247 million; (iii) MAVAN’s intended expansion to serve institutional
investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure;(
iv) the Company’s continued commitment to acquire ETH weekly under its ETH Treasury
Strategy; (v) management’s belief that the GENIUS Act and SEC Project Crypto are
as transformational to financial services as US action on August 15, 1971 ending
Bretton Woods and the USD gold standard; (vi) expectations regarding the $4 billion
share repurchase program and its accretive value to shareholders; (vii) statements
regarding the Company’s investment in Eightco Holdings as providing 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
various factors, including: Bitmine’s ability to keep pace with new technology and
changing market needs; Bitmine’s ability to finance its current business, Ethereum
treasury operations, share repurchase activities, and proposed future business; 
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 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. 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 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](http://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.

 [⌊STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026⌉](https://mmx.prnasia.com/media/MS1885275/2-Bitmine-STAKING.jpg?id=OA2770182&p=medium600)

STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026

 [⌊ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume⌉](https://mmx.prnasia.com/media/MS1885276/3-Bitmine-ALCHEMY.jpg?id=OA2770183&p=medium600)

ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume

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