Bitmine Immersion Technologies, a Bitcoin and Ethereum network\ncompany focused on long-term crypto accumulation, today announced that\nits total crypto holdings, cash, marketable securities, and \u2018moonshots\u2019\nhave reached $11.1 billion. As of 5 July 2026, the company\u2019s crypto\nholdings comprised 5,742,237 ETH, valued at $1,800 per ETH, along with\n206 Bitcoin. Its \u2018moonshots\u2019 portfolio includes $180 million in shares\nof Beast Industries and $71 million in shares of Eightco Holdings. Cash\nand marketable securities totalled $527 million. Bitmine\u2019s ETH holdings\nrepresent 4.8% of the total ETH supply of 120.7 million.<\/p>\n
Chairman Thomas \u2018Tom\u2019 Lee noted growing investor optimism regarding\nthe passage of the Clarity Act, with prediction markets now estimating a\n50% chance of approval, the highest in two weeks. \u2018We believe regulatory\nclarity is a critical milestone that will allow crypto assets,\nparticularly smart contract platforms like Ethereum, to benefit as\ncrypto becomes part of everyday life,\u2019 Lee said, pointing to Ethereum\u2019s\nL2 networks being used behind the scenes to process USDC transactions on\nShopify and even Visa.<\/p>\n
On 26 June, Bitmine joined the Russell 1000 Large-cap index during\nits annual reconstitution. The Investment Company Institute estimates\nthat passive investment funds and ETFs typically hold around 18%-20% of\na company\u2019s shares. \u2018Bitmine\u2019s inclusion in the Russell 1000 is expected\nto add hundreds, if not thousands, of institutional investors as\nshareholders,\u2019 Lee added.<\/p>\n
On 10 June, Bitmine completed a public offering of 3,500,000 Series A\nPerpetual Preferred Shares with a 9.50% dividend, priced at $80 per\nshare, raising approximately $273.8 million in net proceeds. The shares\ntrade on the NYSE under the ticker BMNP, with dividends paid weekly.<\/p>\n
In a Chairman\u2019s Message released on 11 May 2026, Lee stated that the\ncompany had purchased 42,197 ETH in the preceding week, accelerating its\naccumulation rate. \u2018We continue to maintain a steady pace of\naccumulation throughout 2026. We believe we are in the early stages of a\ncrypto spring,\u2019 Lee said, adding that Bitmine expects to achieve its\n\u2018alchemy 5%\u2019 target in 2026.<\/p>\n
Earlier in 2026, Bitmine launched MAVAN (Made in America VAlidator\nNetwork), an institutional-grade staking platform. As of 5 July 2026,\nBitmine has staked 4,879,157 ETH, valued at $8.8 billion, making it the\nlargest ETH staker globally. The projected annual staking reward is $235\nmillion, based on a 7-day yield of 2.68%. Bitmine\u2019s crypto treasury is\nthe largest ETH treasury in the world and the second-largest overall\ncrypto treasury after Strategy Inc.\u00a0(NASDAQ: MSTR), which holds 847,363\nBTC valued at $54 billion. According to Fundstrat data, Bitmine is one\nof the most actively traded stocks in the US, with a four-day average\ndaily dollar volume of $543 million, ranking 233rd among 5,704\nstocks.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bitmine-immersion-technologies-reports-11-1-billion-in-total-holdings-nears-5-of-eth-supply-1783501040", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }