Bitmine Immersion Technologies (BMNR) announced that it holds 5.78 million Ethereum units, with tota

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

In just 12 months, Bitmine has achieved 96% of its "5% Alchemy" target.

Bitmine bought back 5.5 million shares of common stock in the past week in accordance with a previously announced $4 billion share repurchase plan.

Bitmine will be included in the Russell 1000 Large-Cap Index on June 26, 2026.

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

Bitmine has 4,917,189 pledged ETH units worth US$9.2 billion at US$1,879 each. MAVAN (American Manufacturing Verifier Network) is the top Ethereum pledge platform for BMNR and institutional investors.

Bitmine holds US$58 million in Eightco, one of the few publicly traded companies in the world that provides investors with indirect exposure to OpenAI.

Bitmine's cryptocurrency, cash and marketable securities, and "Moon Moon Program" investments totaled US$11.5 billion, including 5.78 million ETH tokens, US$385 million in cash and marketable securities, and other cryptocurrency positions.

Bitmine has been supported by 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, helping it achieve its goal of acquiring 5% ETH.

Norwalk, Connecticut, July 20, 2026--Bitmine Immersion Technologies, Inc. (abbreviated as "Bitmine" or "Company") is a Bitcoin and Ethereum network company focusing on long-term investment in cryptocurrency accumulation. The company announced today that its total holdings of cryptocurrencies, cash and securities, and investments in the Moon Moon Program have reached US$11.5 billion.

As of 8:30 pm EDT on July 19, 2026, the company's cryptocurrencies include: 5,777,468 ETH (priced at US$1,879 each), 207 bitcoins, US$180 million worth of equity in Beast Industries, US$58 million worth of equity in Eightco Holdings ("Moon Program"), and US$385 million in cash and marketable securities. Bitmine's ETH holdings account for 4.8% of the total ETH supply (120.7 million units).

Thomas "Tom" Lee, chairman of Bitmine, said: "Over the past week, Bitmine has repurchased approximately 5.5 million shares of common stock at an average price of $15.6,156 per share. We believe that repurchase of common shares will enhance shareholder value." Bitmine executed the repurchase of 5.5 million shares of common stock in accordance with a previously authorized $4 billion share repurchase program.

Lee pointed out: "In the past week, we have acquired 7,430 ETH units. The pace of acquisitions slowed because Bitmine also bought back 5.5 million shares of common stock. Bitmine has been purchasing ETH every week since the launch of the ETH treasury strategy on June 30, 2025."

On July 16, 2026, Bitmine released its latest chairman's letter to shareholders in July 2026, titled "ETH is a good solution to the wealth of terror valley."

In early 2026, Bitmine launched MAVAN (Made in America Verifier Network), an institutional-level pledge platform. MAVAN was originally developed to support Bitmine's own Ethereum treasury, with plans to expand in the future to serve institutional investors, custodians and ecosystem partners seeking top-level pledge infrastructure. Some of Bitmine's ETH has been pledged through the MAVAN platform.

As of July 19, 2026, Bitmine's total ETH pledge was 4,917,189 (valued at US$9.2 billion based on US$1,879 per piece). Lee said: "Bitmine has pledged more ETH than any other entity in the world. Under large-scale operations (when Bitmine's ETH is fully pledged through MAVAN and its pledge partners), the annualized ETH pledge reward is expected to reach US$290 million (based on a 7-day BMNR yield of 2.67%)."

Lee continued: "Annualized pledge revenue is currently expected to be US$247 million. These 4.9 million ETH accounted for 85% of the 5.78 million ETH held by Bitmine. Bitmine's own pledge business achieved a 7-day annualized rate of return of 2.67%."

Bitmine's cryptocurrency holdings make it the world's largest ethereum treasury and second largest corporate treasury, behind Strategy Inc. According to reports, Strategy Inc. Holds 843,775 bitcoins worth approximately US$55 billion. Bitmine remains the world's largest treasury for Ethereum.

Bitmine is one of the most actively traded stocks in the United States. According to Fundstrat data, as of July 17, 2026, the stock's average daily trading volume was US$579 million (5-day average), ranking 187th among 5,704 U.S. listed stocks, behind Airbnb (ranked 186th) and ahead of Fastenal (ranked 1888th).

Bitmine management believes that the impact of the GENIUS Act and the Securities and Exchange Commission's "Crypto Project" on the financial services industry in 2025 is comparable to the United States 'actions to end the Bretton Woods system and the U.S. dollar gold standard on August 15, 1971 54 years ago. The 1971 event helped modernize Wall Street, creating today's iconic Wall Street giants and financial and payment infrastructure, which proved to be better investment options than gold.

About Bitmine

Bitmine is a bitcoin mining company operating in the United States. The company is using its excess capital to become the world's leading Ethereum Treasury company, implementing innovative digital asset strategies for institutional investors and public market participants. Guided by its "5% alchemy" philosophy, the company is committed to using ETH as its main treasury reserve asset and leveraging native protocol-level activities, including pledges and decentralized financial mechanisms. The company launched MAVAN in 2026 to provide dedicated pledge infrastructure for Bitmine assets.