Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when BMNR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsBitmine discloses 5.74M ETH holdings (4.8% of supply), $11.1B crypto treasury, Russell 1000 add
Filed July 6, 2026 · Period ending July 6, 2026 · ~2 min read
Key Changes
-
high
Holds 5.74M ETH tokens ($10.3B at $1,800/token), representing 4.8% of total Ethereum supply; combined with 206 BTC, equity stakes, and $527M cash for $11.1B total treasury—largest ETH holder globally, second-largest crypto treasury overall.
Exhibit 99.1 view on EDGAR → -
high
Added to Russell 1000 Large-cap Index on June 26; expects hundreds to thousands of new institutional investors as passive funds/ETFs typically hold 18-20% of index constituents.
Exhibit 99.1 view on EDGAR → -
high
Closed $273.8M net proceeds offering of 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share on June 10; trades on NYSE as BMNP with weekly dividends.
Exhibit 99.1 view on EDGAR → -
high
Staked 4.88M ETH (85% of holdings) through MAVAN platform—more than any entity globally; projects $235M annualized staking revenue at current 2.68% 7-day yield, scaling to $277M at full deployment.
Exhibit 99.1 view on EDGAR → -
medium
Acquired 42,197 ETH over past week at accelerated pace; management states company is 95% toward goal of 5% total ETH supply, expected to reach "alchemy of 5%" sometime in 2026.
Exhibit 99.1 view on EDGAR →
Summary
Bitmine disclosed it holds 5.74 million ETH tokens valued at $10.3 billion (at $1,800 per token), representing 4.8% of Ethereum's 120.7 million token supply—the largest ETH treasury globally.
Combined with 206 Bitcoin, equity stakes in Beast Industries ($180M) and Eightco Holdings ($71M), and $527 million in cash and marketable securities, the company's total crypto and cash holdings stand at $11.1 billion, making it the second-largest crypto treasury behind Strategy Inc.
The company has staked 4.88 million ETH (85% of its holdings) through its MAVAN platform, generating a 2.68% annualized yield and projecting $235 million in annual staking revenue, with potential to reach $277 million at full scale. Bitmine acquired 42,197 ETH over the past week at an accelerated pace and management states the company is 95% toward its goal of holding 5% of total ETH supply. The filing also disclosed Bitmine's June 26 addition to the Russell 1000 Large-cap Index, which the company expects will bring hundreds or thousands of new institutional investors as passive funds and ETFs typically represent 18-20% of index constituents' shares. On June 10, the company closed a $273.8 million net proceeds offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock at $80 per share, now trading on the NYSE under symbol BMNP with weekly dividend payments. For equity holders, the Russell 1000 inclusion should drive incremental demand from passive strategies, while the massive ETH position and staking infrastructure create direct exposure to Ethereum's price and staking economics—concentration risk if ETH declines, but significant upside if management's "crypto spring" thesis plays out and the token appreciates.
Section-by-Section Diff
Event · Exhibit 99.1
Bitmine announces ETH holdings of 5.74M tokens (4.8% of supply), $11.1B total crypto/cash, Russell 1000 addition, and $273.8M preferred stock offering.
Added in current filing · view on EDGAR →
As of June 28, 2026 at 6:30pm ET, the Company’s crypto holdings are comprised of 5,742,237 ETH at $1,800 per ETH (per Coinbase NASDAQ: COIN), 206 Bitcoin (BTC), $180 million stake in Beast Industries, $71 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $527 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).
Bitmine discloses it holds 5.74 million ETH tokens valued at $1,800 per token, representing 4.8% of the total Ethereum supply of 120.7 million tokens. The company also holds 206 Bitcoin, stakes in Beast Industries ($180M) and Eightco Holdings ($71M), plus $527 million in cash and marketable securities, for total holdings of $11.1 billion. This positions Bitmine as the largest ETH treasury globally and second-largest crypto treasury behind Strategy Inc.
Added in current filing · view on EDGAR →
As of July 5, 2026, Bitmine total staked ETH stands at 4,879,157 ($8.8 billion at $1,800 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $277 million on an annualized basis (using 2.68% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $235 million. And this 4.9 million ETH is 85% of the 5.74 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.68% (annualized),” continued Lee.
Bitmine has staked 4.88 million ETH (85% of its 5.74 million total holdings) valued at $8.8 billion through its MAVAN staking platform, representing more staked ETH than any other entity globally. Current annualized staking revenues are projected at $235 million based on a 7-day yield of 2.68%. At full scale, projected annualized staking rewards could reach $277 million. MAVAN was launched in 2026 as institutional-grade staking infrastructure and intends to expand to serve institutional investors and custodians.
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 July 6, 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 July 6, 2026, announcing an operational update.1. This filing is furnished under Item 7.01 (Regulation FD Disclosure) and is not deemed filed for liability purposes under the Exchange Act.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify