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Get filing alertsBitmine discloses 5.70M ETH holdings (4.7% of supply), $9.8B total crypto/cash position
Filed June 29, 2026 · Period ending June 29, 2026 · ~1 min read
Key Changes
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Bitmine holds 5.70M ETH tokens valued at $1,569 each (4.7% of total 120.7M ETH supply), plus 206 BTC, $180M in Beast Industries, $74M in Eightco Holdings, and $555M cash/marketable securities, totaling $9.8B in holdings.
Exhibit 99.1 view on EDGAR → -
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Company has staked 4.88M ETH ($7.7B) through MAVAN platform, representing 85% of holdings, generating projected annualized staking revenues of $211M at current 2.75% 7-day yield.
Exhibit 99.1 view on EDGAR → -
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Added to Russell 1000 Large-cap Index on June 26, expected to bring hundreds or thousands of institutional investors as passive funds/ETFs typically represent 18-20% of shares.
Exhibit 99.1 view on EDGAR → -
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Closed $273.8M offering of 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share on June 10; preferred trades on NYSE under symbol BMNP with weekly dividends.
Exhibit 99.1 view on EDGAR → -
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Acquired 27,084 ETH over past week; management expects to reach 5% of total ETH supply ("alchemy of 5%") sometime in 2026, up from current 4.7%.
Exhibit 99.1 view on EDGAR →
Summary
Bitmine disclosed a substantial Ethereum treasury position of 5.70 million ETH tokens valued at $1,569 each, representing 4.7% of the total Ethereum supply of 120.7 million tokens. Combined with 206 Bitcoin, equity stakes in Beast Industries ($180M) and Eightco Holdings ($74M), and $555 million in cash and marketable securities, the company's total holdings stand at $9.8 billion.
The company has staked 4.88 million ETH (85% of holdings) through its MAVAN platform, generating projected annualized staking revenues of $211 million at a current 2.75% yield, with potential to reach $246 million when fully staked. The Russell 1000 addition on June 26 is expected to drive significant institutional ownership, as passive funds and ETFs typically represent 18-20% of a company's shares.
The company also closed a $273.8 million preferred stock offering in June, providing additional capital. Management continues its ETH accumulation strategy, acquiring 27,084 ETH in the past week, and expects to reach its stated goal of 5% of total ETH supply sometime in 2026. For retail holders, the key watch is whether the concentrated ETH position and staking revenues can sustain the business model through crypto market volatility, and how the Russell inclusion affects trading liquidity and institutional demand.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Bitmine issued a press release announcing an operational update, furnished under Item 7.01 (Regulation FD Disclosure).
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 29, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release (the “Press Release”) announcing an update on the Company’s operations.
The company issued a press release on June 29, 2026, announcing an operational update.1. This is a Regulation FD disclosure, meaning the information is being publicly released to comply with fair disclosure rules.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify