Bitmine Immersion Technologies (BMNR) announced that Ethereum held 5.82 million positions, with tota

Bitmine holds 4.8% of the total supply of 120.7 million ETH units

In just 14 months, Bitmine has achieved 96% of its "5% alchemy" goal.

In July, ETH outperformed the Nasdaq 100 Index by 2500 basis points, the largest gap since July 2025, reflecting the strengthening of cryptocurrency fundamentals.

Bitmine has repurchased 1.7 million shares of common stock in the past week, and since July 2026, it has repurchased more than 20.8 million shares under the previously announced US$4 billion share repurchase plan.

On June 26, 2026, Bitmine was included in the Russell 1000 Large-Cap Stock Index.

Bitmine's Series A preferred shares are traded on the New York Stock Exchange under the symbol BMNP.

Bitmine holds 5,067,309 pledged ETH units worth US$9.6 billion at US$1,893 each. MAVAN (American Manufacturing Verifier Network) is the preferred Ethereum pledge platform for BMNR and institutional investors.

Bitmine holds US$73 million in Eightco (Nasdaq: ORBS), which is currently one of the few publicly traded companies in the world that provides investors with indirect exposure to OpenAI.

Bitmine's cryptocurrency, plus cash and marketable securities, and "high-risk potential projects", has a total value of US$11.4 billion, including 5.82 million ETH tokens, US$78 million in cash and marketable securities, and other crypto assets.

Bitmine continues to gain support from top institutional investors including ARK's Cathie Wood, MOZAYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and individual investor Thomas "Tom" Lee to help it achieve its goal of acquiring 5% ETH.

Bitmine's cryptocurrency positions and financial data

As of 9:30 pm Eastern Time on August 16, 2026, the company's cryptocurrency positions included 5,815,164 ETH (US$1,893 each, data from Coinbase Nasdaq: COIN), 210 bitcoins (BTC), US$180 million in Beast Industries equity, US$73 million in Eightco Holdings (Nasdaq: ORBS) equity ("high-risk potential projects"), and US$78 million in cash and marketable securities. Bitmine's ETH positions account for 4.8% of the total ETH supply (120.7 million units).

"We are pleased to see the ETH/BTC ratio rise to 0.02994 and continues to rise. This ratio has broken through the long-term downward trend of the past few years, which we believe suggests that the market is starting to see tokenization and autonomous artificial intelligence applications implemented, which should benefit Ethereum,"said Thomas "Tom" Lee, chairman of Bitmine. "We expect a loose financial environment to be a tailwind for cryptocurrencies."

"During the cryptocurrency bull cycle, the ETH/BTC ratio tends to rise due to increased use of Ethereum relative to Bitcoin. Previous cycles were driven by ICO (2017-2018), NFT (2020-2021) and stablecoin (2025). In the upcoming crypto cycle, we believe the ETH/BTC ratio will rise due to Wall Street's tokenization on blockchain and autonomous artificial intelligence's use of blockchain,"Lee continued.

"We still believe Bitmine's common stock is undervalued. The company has repurchased 1.7 million shares in the past week, bringing the total number of common stock repurchased since early July to exceed 20.8 million shares. This repurchase remains the largest operation in the history of any Ethereum, Bitcoin or crypto digital asset library company,"Lee said. Since July 1, 2026, Bitmine has repurchased 20.8 million shares of common stock under the previously authorized US$4 billion share repurchase program.

"In the past week, we have acquired 9,926 ETH units. Bitmine has been buying ETH every week since it launched its ETH library strategy approximately 14 months ago (June 30, 2025),"Lee said.

On July 16, 2026, Bitmine released its latest chairman's speech for July 2026. The title of the speech was "ETH is a good medicine for the valley of terror of wealth."

Earlier in 2026, Bitmine launched MAVAN (American Manufacturing Verifier Network), an institutional-level pledge platform. Although MAVAN was originally developed to support Bitmine's own Ethereum library, plans to expand to serve institutional investors, custodians and ecosystem partners seeking top-level pledge infrastructure. Part of Bitmine's ETH has been pledged on the MAVAN platform.

As of August 16, 2026, Bitmine's total pledged ETH was 5,067,309 (valued at US$1,893 per item). "Bitmine has pledged more ETH than other entities around the world. Under large-scale operations (when Bitmine's ETH is fully pledged by MAVAN and its pledge partners), annualized ETH pledge rewards are expected to reach US$287 million (based on a 7-day BMNR yield of 2.61%),"Lee said.

"Annualized pledge revenue is currently expected to be US$250 million. These 5.1 million ETH accounted for 87% of the 5.82 million ETH held by Bitmine. Bitmine's own pledge business achieved a seven-day yield of 2.61%(annualized),"Lee continued.

Bitmine's cryptocurrency holdings rank among the world's largest Ethereum library and the second largest global library, behind Strategy Inc., The latter allegedly holds 840,447 BTC units worth approximately US$58 billion. Bitmine remains the largest ETH library in the world.

Bitmine management believes that the transformative impact of the GENIUS Act and the U.S. Securities and Exchange Commission's "Crypto Project" on financial services in 2026 is comparable to the United States 'move to end the Bretton Woods system on August 15, 1971 and move the U.S. dollar off the gold standard 55 years ago. The events of 1971 catalyzed the modernization of Wall Street and created today's iconic Wall Street giants and financial and payment infrastructure, which proved to be better investments than gold.

Related to Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries are a blockchain technology infrastructure company that covers institutional-level digital asset pledge and verification services, Bitcoin mining, and strategic digital asset management. As the world's leading Ethereum library company, it implements innovative digital asset strategies for institutional investors and public market participants. The company provides institutional pledge and verification infrastructure-through which pledge rewards and verification revenue are earned-while conducting bitcoin mining activities. Bitmine strategically holds digital assets and uses these assets to generate revenue to support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including the development and deployment of its institution-level pledge and verification platform MAVAN. The company's activities also include investing in early blockchain opportunities (investments in "high-risk potential projects") and supporting mining, custody and consulting services.