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Get filing alertsBitmine discloses 5.74M ETH holdings (4.8% of supply), Russell 1000 addition
Filed July 16, 2026 · Period ending July 16, 2026 · ~1 min read
Key Changes
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Company holds 5.74 million ETH representing 4.8% of total Ethereum supply and operates MAVAN, described as the world's largest single staking operator, as of its first anniversary (June 30, 2026).
Exhibit 99.2 view on EDGAR → -
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Added to Russell 1000 Large-cap index on June 26, 2026, requiring over a thousand financial institutions to consider benchmark exposure to the company.
Exhibit 99.3 view on EDGAR → -
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Series A Preferred Stock (BMNP) launched at $80 on June 9th now trades at $86, a 9.5% perpetual preferred with current yield below MicroStrategy's comparable instrument (STRC).
Exhibit 99.2 view on EDGAR → -
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Company is slowing Ethereum purchases and targeting 5% of total supply (currently 4.8%), citing Ethereum Foundation transition and advice not to exceed 5% concentration.
Exhibit 99.2 view on EDGAR → -
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Disclosed lead investor role in three Ethereum Foundation spinoffs: ETH Labs, Ethereum Institutional, and ETH Systems (building confidential systems for institutional Ethereum).
Exhibit 99.2 view on EDGAR →
Summary
Bitmine filed a Regulation FD disclosure furnishing an investor presentation and Chairman's Message from Executive Chairman Tom Lee. The company disclosed it holds 5.74 million ETH (4.8% of total supply) as of its first anniversary and operates MAVAN, which it describes as the world's largest single staking operator.
The filing also announced the company's June 26, 2026 addition to the Russell 1000 Large-cap index and NYSE uplisting, both of which increase institutional visibility and potential ownership. The Chairman's Message outlined the company's thesis that Ethereum is entering a "2.0 phase" driven by institutional tokenization and agentic AI requiring blockchain-based money.
The company is slowing its ETH accumulation and targeting 5% of total supply, citing Ethereum Foundation guidance. Bitmine disclosed its Series A Preferred Stock (BMNP) has appreciated from its $80 launch price on June 9th to $86, and that it serves as lead investor in three Ethereum Foundation spinoffs. The filing is a routine Regulation FD disclosure with no immediate corporate action required, but the ETH holdings concentration and index inclusion are material developments for investors tracking the company's treasury strategy and institutional access.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Company published investor presentation by Executive Chairman Tom Lee, released video transcript, and issued press release announcing these materials.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 16, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) published an investor presentation (the “Presentation”) given by Tom Lee, Executive Chairman of the Board of Directors of the Company, that it plans to use for investor relations and other purposes.
The company published an investor presentation delivered by Tom Lee, Executive Chairman, intended for investor relations and other purposes. The presentation materials, video transcript, and press release are attached as exhibits but the 8-K does not disclose the content or substance of the presentation itself.
Event · Exhibit 99.1
BMNR disclosed a corporate event via Exhibit 99.1, but the exhibit content was not included in the filing body provided.
Added in current filing · verify on EDGAR →
Exhibit 99.1
The 8-K references Exhibit 99.1 as containing material disclosure, but the exhibit's actual content was not provided in the filing body available for review. Exhibit 99.1 typically contains press releases or other material announcements. Without the exhibit text, the specific event disclosed cannot be summarized.
Event · Exhibit 99.2
Bitmine disclosed a Chairman's Message video transcript outlining the company's Ethereum strategy and market outlook for July 2026.
Added in current filing · view on EDGAR →
We partnered with the Ethereum Foundation 2.0. The first one was ETH Labs, we’re the lead investor. The second was Ethereum Institutional, we were the lead investor. And the third one is ETH Systems, which is building confidential systems for institutional Ethereum, and again, we’re the lead investor. So for each of the three key spinoffs from the Ethereum Foundation, Bitmine acted as the lead investor.
Bitmine disclosed it is the lead investor in three Ethereum Foundation spinoffs: ETH Labs, Ethereum Institutional, and ETH Systems. The Chairman positioned Bitmine as neutral capital strengthening the Ethereum ecosystem, which the company believes will support its stock price given the 90% correlation between Bitmine shares and Ethereum's price.
Event · Exhibit 99.3
Bitmine released July Chairman's Message on Ethereum strategy, disclosing 4.8% ownership of total ETH supply and Russell 1000 index addition.
Added in current filing · view on EDGAR →
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
The company disclosed it owns 4.8% of the total Ethereum supply of 120.7 million coins, representing approximately 5.8 million ETH. This is a material treasury position in a major cryptocurrency and reflects the company's stated strategy of becoming the leading Ethereum Treasury company.
Added in current filing · view on EDGAR →
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
The company was added to the Russell 1000 Large-cap index on June 26, 2026. This index inclusion typically increases institutional ownership and trading liquidity, as many funds track or benchmark against the Russell 1000.
Added in current filing · view on EDGAR →
Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP
The company's Series A Preferred Stock is now trading on the NYSE under ticker BMNP. This provides investors with an additional security class for accessing exposure to the company's equity.
Added in current filing · view on EDGAR →
This Chairman message explains the Company’s belief that Ethereum is a critical interface to protect humans from the downstream implications of the increasing capabilities of AI and the resulting growing economic influence
The Chairman released a message articulating the company's thesis that Ethereum serves as a critical interface to address what they term the 'Uncanny Valley of Wealth' — the unsettling implications of AI-driven economic power. The message discusses positioning for the next crypto upcycle and Ethereum's potential to benefit from Wall Street blockchain adoption and agentic-AI developments.
Added in current filing · view on EDGAR →
Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH
The company disclosed its institutional investor base, which includes prominent crypto and technology investors such as ARK's Cathie Wood, Founders Fund, Pantera, and Galaxy Digital, supporting its goal of acquiring 5% of total ETH supply.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify