Bitmine increased its holdings by 7,391 ETH, holding positions to 5.81 million ETH, and total assets

Bitmine Immersion Technologies added 7,391 Ethereum pieces to its vault in the past week, bringing its Ethereum holdings to 5,805,238 pieces, accounting for approximately 4.8% of the total supply of approximately 120.7 million ETH pieces. Combined with its bitcoin, preferred stock earnings and stakes in Beast Industries and Eightco Holdings, Bitmine's total value of cryptocurrency, cash and "moon landing" assets reached $11.6 billion as of August 9, up from $11.3 billion a week ago.

1/BitMine provides the latest position update as of August 10, 2026: The total value of cryptocurrency +"Moon Landing Project" is US$11.6 billion:

-5,805,238 ETH, 1, each $928 (According to @coinbase)

-209 Bitcoin (BTC)

-at Beast Industries (@MrBeast) holds US$180 million in equity

-US$69 million in equity

- Bitmine (New York Stock Exchange code: BMNR)$ETH (@BitMNR) August 10, 2026

Bitmine focuses on the Federal Reserve as the popularity of the CLARITY bill fades

This tracking indicator shows that as of August 4, the probability of raising interest rates is close to 57% to 62%. Then, after the July employment report was weaker than expected, it slipped to just over 40% on August 7. Another estimate based on derivatives showed that the probability of a September rate hike on August 4 was 56.9%. None of the intervals examined showed pre-reporting data as high as 75% in early August.

Two weeks before August 9: Bitmine announced that the probability of the Fed raising interest rates is 75%; the independent tracking range is 75%, fluctuating between 55% and 65% in late July.

As of August 9: Bitmine reported probability below 40%; independent tracking range is approximately 40-43%.

The current status of the CLARITY bill is more clear, and the impact on the bill's short-term prospects is more serious than the statement that "there will be no vote before recess" itself. Senate Majority Leader John Thune confirmed that the Senate will not review the bill again until lawmakers return on September 14. The forecast market has lowered the probability of passing in 2026 to approximately 15% to 17% from the previous above 80%. In his report on July 6, Lee directly linked Ethereum's relative strength to the increase in market probability predicted by the CLARITY Act, calling it "the highest probability in two weeks."

This week, as these probabilities fell instead of rising, the report turned to focus on Fed data, maintaining a macro positive narrative framework without explaining why the bill Lee had previously called a more direct catalyst had just lost months of momentum.

Numbers behind the narrative frame

Putting aside the narrative framework, the disclosure itself is straightforward. BitMine's latest form 8-K details the company's position update as of August 10, which follows its purchase of 10,399 ETH units on August 3, expanding the company's cryptocurrency vault to $11.3 billion. Since then, Bitmine has pledged 5,067,309 ETH units through its own validator network MAVAN, valued at US$9.8 billion at the price of US$1,928 per unit used in the report, accounting for 87% of the total holdings. The company said that based on a seven-day annualized rate of return of 2.63%, the pledged position currently generates $257 million per year and is expected to increase to $294 million.

Repurals are executed faster than ETH purchases. Bitmine repurchased 3 million shares during the week, bringing the cumulative repurchase volume since July 1 to 19.1 million shares, while the company authorized a total of $4 billion. This continues a recent pattern: repurchase rather than new ETH has become a greater use of capital. Li attributed the shift to management's belief that the company's stock was undervalued, rather than weakening confidence in ETH itself.

Date| ETH position| Total Assets

July 12| 5,770,038 |US$11.3 billion

July 19| 5,777,468 |US$11.5 billion

July 26| 5,787,414 |US$11.8 billion

August 2| 5,797,813 |US$11.3 billion

August 9| 5,805,238 |US$11.6 billion

How Bitmine got to where it is today

Bitmine's Ethereum vault dates back to a strategic transformation in June 2025, when the company moved from Bitcoin mining infrastructure to the Ethereum vault, initially funded by a $250 million private placement, which Li named "The Alchemy of 5%", with the goal of including 5% of the total supply of ETH. Fourteen months later, the company said it had achieved 96% of that goal. The strategy has experienced at least one significant pullback in the process; as of early June, Bitmine's average ETH acquisition cost was estimated at approximately $3,476 per unit, more than $1,500 above Monday's reference price.

June 2025: Shift from Bitcoin mining infrastructure to Ethereum vault, funded by a $250 million private placement; launch of "5% alchemy."

February 2026: Experiencing a period of significant unrealized losses during the widespread sell-off of cryptocurrencies; continuing to increase holdings.

April 2026: Transfer to the New York Stock Exchange;ETH holdings exceeded 5 million.

June 2026: Completed Series A preferred stock issuance (NYSE: BMNP); included in the Russell 1000 Large-Cap Index.

August 2026: 96% of the "5% Alchemy" target is reached; repurchase speed exceeds the speed of new ETH purchases.