Bitmine Immersion Technologies Reports $11.1 Billion in Total Holdings, Nears 5% of ETH Supply
Bitmine Immersion Technologies, a Bitcoin and Ethereum network company focused on long-term crypto accumulation, today announced that its total crypto holdings, cash, marketable securities, and ‘moonshots’ have reached $11.1 billion. As of 5 July 2026, the company’s crypto holdings comprised 5,742,237 ETH, valued at $1,800 per ETH, along with 206 Bitcoin. Its ‘moonshots’ portfolio includes $180 million in shares of Beast Industries and $71 million in shares of Eightco Holdings. Cash and marketable securities totalled $527 million. Bitmine’s ETH holdings represent 4.8% of the total ETH supply of 120.7 million.
Chairman Thomas ‘Tom’ Lee noted growing investor optimism regarding the passage of the Clarity Act, with prediction markets now estimating a 50% chance of approval, the highest in two weeks. ‘We believe regulatory clarity is a critical milestone that will allow crypto assets, particularly smart contract platforms like Ethereum, to benefit as crypto becomes part of everyday life,’ Lee said, pointing to Ethereum’s L2 networks being used behind the scenes to process USDC transactions on Shopify and even Visa.
On 26 June, Bitmine joined the Russell 1000 Large-cap index during its annual reconstitution. The Investment Company Institute estimates that passive investment funds and ETFs typically hold around 18%-20% of a company’s shares. ‘Bitmine’s inclusion in the Russell 1000 is expected to add hundreds, if not thousands, of institutional investors as shareholders,’ Lee added.
On 10 June, Bitmine completed a public offering of 3,500,000 Series A Perpetual Preferred Shares with a 9.50% dividend, priced at $80 per share, raising approximately $273.8 million in net proceeds. The shares trade on the NYSE under the ticker BMNP, with dividends paid weekly.
In a Chairman’s Message released on 11 May 2026, Lee stated that the company had purchased 42,197 ETH in the preceding week, accelerating its accumulation rate. ‘We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of a crypto spring,’ Lee said, adding that Bitmine expects to achieve its ‘alchemy 5%’ target in 2026.
Earlier in 2026, Bitmine launched MAVAN (Made in America VAlidator Network), an institutional-grade staking platform. As of 5 July 2026, Bitmine has staked 4,879,157 ETH, valued at $8.8 billion, making it the largest ETH staker globally. The projected annual staking reward is $235 million, based on a 7-day yield of 2.68%. Bitmine’s crypto treasury is the largest ETH treasury in the world and the second-largest overall crypto treasury after Strategy Inc. (NASDAQ: MSTR), which holds 847,363 BTC valued at $54 billion. According to Fundstrat data, Bitmine is one of the most actively traded stocks in the US, with a four-day average daily dollar volume of $543 million, ranking 233rd among 5,704 stocks.