Bitmine Immersion Technologies Announces $11.8 Billion in Total Crypto and Cash Holdings
Bitmine Immersion Technologies (BMNR) has announced that its total crypto holdings, including Ethereum (ETH), along with cash and marketable securities, amount to approximately $11.8 billion as of July 26, 2026. The company holds 5.79 million ETH tokens, representing nearly 4.8% of the current supply of 120.7 million ETH. Additionally, Bitmine has staked over 4.9 million ETH through its institutional-grade Ethereum staking platform, MAVAN. In recent weeks, Bitmine repurchased 6.1 million shares under a $4 billion share buyback program and continues to accumulate ETH weekly since initiating the strategy in June 2025. The company has also been added to the Russell 1000 Large-cap index on June 26, 2026, signaling growing institutional recognition. Bitmine's Chairman, Thomas Lee, expressed confidence in Ethereum’s price trajectory and highlighted key resistance levels at $2,000 and $2,500 per ETH. The company also holds stakes in other crypto-related firms such as Eightco (ORBS), offering indirect exposure to OpenAI.
Topics: bitmine ethereum market_cap stake stock_repurchase