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ETH Bitmine holds 4.8% of its total 120.7 million ETH
Bitmine completed 96% of its "5% Alchemy" goal in just 12 months.
Bitmine was included in the Russell 1000 Large-Cap Stock Index on June 26, 2026.
Bitmine Series A preferred stock is listed on the New York Stock Exchange. The bitmine code BMNP
is still supported by first-class institutional investors including ARK's Katherine Wood, MOZAYX, Founders 'Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and individual investor Thomas "Tom" Lee. To support its goal of acquiring 5% Ethereum
Ethereum is the antidote to the "Valley of Fortune Terror"
July 16, 2026, Norwalk, Connecticut-Bitmine Immersion Technology Co., Ltd.(abbreviated as "Bitmine" or "Company"), a Bitcoin and Ethereum network company that focuses on long-term investment in cryptocurrencies, today announced the release of its July chairman's speech titled "Ethereum is the antidote to the 'Valley of Horrors of Fortune'."
This chairman's speech articulated the company's belief that Ethereum is a key interface that can protect humans from the increasing capabilities of artificial intelligence and their economic impact-the "Valley of Fear of Wealth".
The concept of a "terror valley of wealth" means that as the economy is increasingly driven by autonomous artificial intelligence and the upcoming machine-to-machine model, humans will eventually feel uneasy about this growing economic and social force. This is a variation of the 1970 paper "The Valley of Terror" published by Japanese robotician Masahiro Mori. His hypothesis describes the uneasiness people often feel when encountering things that are almost human.
In 2026, cryptocurrencies will face macro headwinds, including bond market pricing of "hawkish" shifts from global central banks, slow progress on the Clarification Act, outperforming artificial intelligence (so-called "phobia of missing out"), and poor performance in the financial sector. As 2026 progresses, we believe many of these headwinds may translate into tailwinds.
Although many people simply attribute this to the "crypto winter," 2026 has seen many positive fundamental developments, including announcements of asset tokenization by multiple banks and the launch of new Ethereum Layer 2 (L2) networks such as Robinhood Chain. This is in sharp contrast to the crypto winters of 2018 and 2022, when regulatory headwinds and the collapse of crypto institutions marked those declines.
The chairman believes that Ethereum will benefit from two exponential drivers: Wall Street's efforts to build infrastructure on blockchain, and autonomous artificial intelligence (as mentioned earlier).
The chairman also discussed how Bitmine could strategically position key drivers for the next round of encryption cycles, including supporting critical infrastructure partners and strengthening the Ethereum ecosystem.
