Bitmine Immersion Technologies Announces $11.3 Billion in Total Crypto and Cash Holdings
Bitmine Immersion Technologies (BMNR) has announced that its total crypto, cash holdings, and marketable securities amount to $11.3 billion as of August 2, 2026. The company holds approximately 5.8 million ETH tokens, representing 4.8% of the Ethereum supply, valued at around $10.9 billion based on a price of $1,880 per ETH. Bitmine also owns staked ETH worth $9.2 billion and has additional holdings in Bitcoin (BTC), Eightco Holdings (ORBS), Beast Industries, as well as cash reserves totaling $173 million. In July 2026, Ethereum outperformed the Nasdaq 100 by a significant margin of 2,500 basis points—the largest since July 2025—indicating strong crypto fundamentals. Bitmine has continued its strategy to accumulate ETH and recently repurchased 4.5 million shares under its $4 billion share buyback program. The company was also added to the Russell 1000 Large-cap index on June 26, 2026. Bitmine's staking platform, MAVAN (Made in America VAlidator Network), is a key component of its Ethereum strategy and serves institutional investors. Thomas Lee, Bitmine’s Chairman, emphasized the company’s confidence in both ETH fundamentals and stock valuation.
Topics: bitmine ethereum market_performance staking stock_repurchase