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Get filing alertsBitmine discloses 5.77M ETH holdings ($10.5B), Russell 1000 addition, $273.8M preferred raise
Filed July 13, 2026 · Period ending July 13, 2026 · ~2 min read
Key Changes
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Company holds 5.77 million ETH tokens valued at $10.5 billion (4.8% of total ETH supply), plus 206 BTC, $249M in equity stakes, and $482M cash, totaling $11.3B in crypto and liquid assets.
Exhibit 99.1 view on EDGAR → -
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Added to Russell 1000 Large-cap Index on June 26, 2026, expected to bring hundreds or thousands of new institutional investors as passive funds typically hold 18-20% of index constituents.
Exhibit 99.1 view on EDGAR → -
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Closed $273.8M net proceeds offering of 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share on June 10, 2026, now trading on NYSE as BMNP with weekly dividends.
Exhibit 99.1 view on EDGAR → -
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Staked 4.92M ETH (85% of holdings) generating 2.70% annualized yield, with current annualized staking revenues projected at $242M, potentially expected to reach $284M at full deployment.
Exhibit 99.1 view on EDGAR → -
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Board changed fiscal year-end from August 31 to December 31, effective after FY2026 ends; transition report on Form 10-KT will cover September-December 2026 period.
Item 5.03 — Amendments to Articles of Incorporation or Bylaws verify on EDGAR →
Summary
Bitmine disclosed it holds 5.77 million ETH tokens valued at $10.5 billion as of July 12, 2026, representing 4.8% of the total ETH supply and positioning itself as the world's largest ETH treasury. Combined with 206 BTC, equity stakes totaling $249 million, and $482 million in cash and marketable securities, the company's total holdings reach $11.3 billion.
The company has staked 4.92 million ETH (85% of its holdings) through its MAVAN platform, generating a 2.70% annualized yield and projected annualized staking revenues of $242 million.
The filing also announced Bitmine's addition to the Russell 1000 Large-cap Index on June 26, 2026, which management expects will result in hundreds or thousands of new institutional investors as passive funds and ETFs typically hold 18-20% of index constituents' shares. The company closed a $273.8 million net proceeds offering of 9.50% Series A Perpetual Preferred Stock on June 10, 2026, providing additional capital. With average daily trading volume of $475 million, Bitmine ranks #215 among 5,704 US-listed stocks by liquidity. Retail holders should note the concentration risk: the company's value is heavily tied to ETH price movements, with 4.8% of circulating supply creating both significant exposure and potential market impact. The Russell 1000 addition and strong trading liquidity suggest growing institutional acceptance of crypto treasury strategies. The fiscal year-end change to December 31 is administrative, aligning reporting with the calendar year.
Section-by-Section Diff
Event · Exhibit 99.1
Bitmine announces ETH holdings of 5.77M tokens ($10.5B), total crypto+cash of $11.3B, Russell 1000 addition, and $273.8M preferred stock offering.
Added in current filing · view on EDGAR →
On June 26, Bitmine was added to the Russell 1000 Large-cap Index, in conjunction with the annual reconstitution of this index. The Investment Company Institute, or ICI, estimates that passive investment funds and ETFs typically represent 18-20% of the shares of a company.
Bitmine was added to the Russell 1000 Large-cap Index on June 26, 2026. Management expects this will result in hundreds or thousands of additional institutional investors becoming equity owners, as passive funds and ETFs typically hold 18-20% of a company's shares according to ICI estimates.
Added in current filing · view on EDGAR →
As of July 12, 2026, Bitmine total staked ETH stands at 4,917,189 ($9.0 billion at $1,820 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 $284 million on an annualized basis (using 2.70% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $242 million. And this 4.9 million ETH is 85% of the 5.77 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.70% (annualized),” continued Lee.
Bitmine has staked 4.92 million ETH (85% of its holdings) valued at $9.0 billion through its MAVAN staking platform, generating a 7-day annualized yield of 2.70%. Current annualized staking revenues are projected at $242 million, with potential to reach $284 million when all ETH is fully staked. Management states Bitmine has staked more ETH than any other entity globally.
Added in current filing · view on EDGAR →
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $475 million (5-day average, as of July 10, 2026), ranking #215 in the US, behind Southern Company (rank #214) and ahead of Equinix Inc. (rank #216) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine ranks #215 among 5,704 US-listed stocks by trading volume, with average daily dollar volume of $475 million as of July 10, 2026. This positions it between Southern Company and Equinix Inc. in terms of liquidity, indicating significant market interest in the stock.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify