Bitmine Immersion Technologies (BMNR) announced that Ethereum held 5.79 million positions, with tota

Bitmine holds a total of 5.79 million ETH units, accounting for 4.8% of Ethereum's total supply of 120.7 million units.

In just 13 months, Bitmine has achieved 96% of the "5% Alchemy" goal.

In the past week, Bitmine has repurchased 6.1 million shares of common stock in a previously authorized repurchase program totaling US$4 billion.

On June 26, 2026, Bitmine was included in the Russell 1000 Market Cap Index.

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

Bitmine holds 4,917,189 pledged ETH units, valued at approximately US$9.6 billion based on US$1,948 per ETH. MAVAN (American Manufacturing Verifier Network) is the top Ethereum pledge platform for BMNR and institutional investors.

Bitmine holds a US$61 million stake in Eightco (Nasdaq: ORBS), which is currently one of the few publicly traded companies in the world that provides investors with the opportunity to indirectly invest in OpenAI.

Bitmine's total value of crypto assets, cash and marketable securities, and "Moon Landing Project" investments reached US$11.8 billion, including 5.78 million ETH tokens, US$268 million in cash and marketable securities, and other crypto assets.

Bitmine continues to receive 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% Ethereum.

Norwalk, Connecticut, July 27, 2026--Bitmine Immersion Technologies, Inc. (NYSE: BMNR, hereinafter referred to as "Bitmine" or "Company") is a company focused on Bitcoin and Ethereum networks that aims to accumulate crypto assets through long-term investments. The company today announced that its total holdings of crypto assets, cash and marketable securities, and "Moon Moon Program" investments have reached US$11.8 billion.

As of 7 pm EST on July 26, 2026, the company's crypto assets include: 5,787,414 ETH (At $1,948 each, referenced Coinbase NASDAQ: COIN), 208 bitcoins (BTC), a $180 million investment in Beast Industries, a $61 million investment in Eightco Holdings (NASDAQ: ORBS)(the "Moon Plan"), and $268 million in cash and marketable securities. Bitmine's ETH holdings account for 4.8% of Ethereum's total supply (120.7 million units).

"In the past week, Bitmine repurchased 6.1 million shares of common stock, an increase from 5.5 million shares the previous week. We have stepped up equity buybacks because we believe that despite the reduced likelihood of passage of the Clarification Act in 2026, the rise in the ETH/BTC ratio still suggests that crypto asset prices are strengthening. In fact, the ratio is currently at a three-month high of 0.3000, which we believe portends a stronger ETH price in the future." Bitmine Chairman Thomas "Tom" Lee said.

"ETH prices have now hit a ten-week high, and as many technical analysts have pointed out, we believe the next key breakthroughs are $2,000 and $2,500. Our consultant Tom DeMark of DeMark Analytics believes that if ETH comparisons with the post-October 1987 S & P 500 continue to hold, these prices will be short-term targets." Lee added.

"By repurchasing more than 11 million shares of common stock, Bitmine has implemented the largest common stock repurchase program in the treasury of Ethereum or Bitcoin digital assets." Lee said. Since July 1, 2026, Bitmine has repurchased 11.6 million shares of common stock under a previously authorized US$4 billion share repurchase program.

"In the past week, we have acquired 9,946 ETH units. Bitmine has been buying ETH every week since the launch of the Ethereum Treasury Strategy on 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 solution to the valley of terror of wealth."

Earlier in 2026, Bitmine launched MAVAN (Made in America Verifier Network), an institutional-level pledge platform. Although MAVAN was originally developed to support Bitmine's own Ethereum treasury, its plans to expand to serve institutional investors, custodians and ecological partners seeking top-level pledged infrastructure. As of July 26, 2026, part of Bitmine's ETH has been pledged on the MAVAN platform.

As of July 26, 2026, the total number of ETH pledged by Bitmine was 4,917,189 (valued at US$1,948 per item). "Bitmine has pledged more ETH than any other entity in the world. Under large-scale operations (i.e., when Bitmine's ETH is fully pledged through MAVAN and its pledge partners), the annualized ETH pledge reward is expected to reach US$299 million (based on a 2.65% 7-day BMNR yield)." Lee said.

"Annualized pledge revenue is currently expected to be US$254 million. These 4.9 million ETH accounted for 85% of the 5.79 million ETH held by Bitmine. Bitmine's own pledge operations generated a 7-day annualized rate of return of 2.65%." Lee continued.

Bitmine's crypto asset holdings make it the world's largest ethereum treasury and the second largest global treasury, behind Strategy Inc. (Nasdaq: MSTR), which reportedly holds 843,775 BTC units worth approximately US$59 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, the stock has an average daily trading volume of US$597 million (5-day average ended July 24, 2026), ranking 171st among 5704 U.S. listed stocks, behind HP Enterprises (ranked 170th) and ahead of HCA Healthcare (ranked 172nd).

Bitmine management believes that the impact of the GENIUS Act and the U.S. Securities and Exchange Commission's "Crypto Project" on the financial services industry in 2025 is comparable to the United States 'action to terminate the Bretton Woods system and the U.S. dollar gold standard on August 15, 1971. The 1971 event drove the modernization of Wall Street, giving birth to today's iconic Wall Street giants and financial and payment infrastructure, which ultimately proved to be a better investment than gold.

About Bitmine

Bitmine (NYSE: BMNR) is a bitcoin miner operating in the United States. The company is using its remaining capital to become the world's leading Ethereum treasury company, implementing innovative digital asset strategies for institutional investors and public market participants. Adhering to the "5% alchemy" philosophy, the company uses Ethereum as its main treasury reserve asset and utilizes native protocol-level activities including pledges and decentralized financial mechanisms. In 2026, the company launched MAVAN (Made in America Verifier Network), a pledge infrastructure built specifically for Bitmine assets.

Forward-looking statements

This press release contains "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical in this press release are forward-looking statements that involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expectations","anticipates","forecasts","intends","believes","anticipates","estimates" and similar expressions. In particular, this document contains the following forward-looking statements: (i) the company's goals regarding the ETH acquisition, including the "5% Alchemy" plan and Bitmine's statement that 96% of this goal has been achieved;(ii) The company's digital asset accumulation strategy and pledge operations, including Bitmine holding 4,917,189 pledged ETH (worth US$9.6 billion) and expected annualized ETH pledge rewards of approximately US$299 million (when Bitmine's ETH is fully pledged through MAVAN and its pledge partners), and a statement that currently expects annualized pledge revenue of approximately US$254 million;(iii) MAVAN plans to expand to serve institutional investors, custodians and ecological partners seeking top-level pledge infrastructure;(iv) the company's commitment to continue to acquire ETH on a weekly basis in accordance with its Ethereum treasury strategy;(v) Management believes that the GENIUS Act and the SEC's "Crypto Project" have an impact on the financial services industry comparable to the U.S. action to end the Bretton Woods System and the gold standard of the U.S. dollar on August 15, 1971;(vi) Regarding the US$4 billion share repurchase program and its expectations for shareholder value-added, including a statement that Bitmine has implemented the largest common stock repurchase program in the treasury of Ethereum or Bitcoin digital assets;(vii) Statement on expected ETH price levels and technical goals, including the expectation that the next key breakthroughs will be $2,000 and $2,500;(viii) Statement that the company's investment in Eightco Holdings will provide indirect investment opportunities in OpenAI;(ix) Expectations that the ETH/BTC ratio is at a three-month high and signals a stronger ETH price in the future;(x) future growth and advancement of the company's Ethereum treasury strategy. When evaluating these forward-looking statements, you should consider a number of factors, including: Bitmine's ability to keep pace with new technologies and changing market demand;Bitmine's ability to finance its current business, Ethereum treasury operations, share repurchase activities and proposed future business; the competitive environment of Bitmine's business; market conditions that affect the trading prices of the company's common shares and Series A preferred shares; Regulatory developments affecting digital assets, including the final promulgation and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability and security of corporate pledge operations; risks associated with artificial intelligence systems and their impact on the cryptocurrency market; and the future value of Bitcoin and Ethereum. Actual future performance and results may differ materially from what is expressed in the forward-looking statements. Forward-looking statements are subject to a variety of conditions, many of which are beyond Bitmine's control, including those contained in the "Risk Factors" section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, and all other SEC documents (which may be revised or updated from time to time). Copies of Bitmine's filing with the SEC are available on the SEC website. Bitmine is under no obligation to update these statements as a result of revisions or changes made after the release of this press release, unless otherwise required by law.