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Get filing alertsBitmine discloses 5.78M ETH holdings ($10.9B), $11.5B total treasury, 5.5M share buyback
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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high
Holds 5.78M ETH ($10.9B at $1,879/ETH), representing 4.8% of total ETH supply; combined with 207 BTC, $180M Beast Industries stake, $58M Eightco stake, and $385M cash for $11.5B total treasury
Exhibit 99.1 view on EDGAR → -
high
Repurchased 5.5M common shares at average $15.62 in past week (~$86M deployed under $4B authorization); management views buyback as accretive to shareholder value
Exhibit 99.1 view on EDGAR → -
high
Staked 4.9M ETH (85% of holdings) generating $247M annualized revenue at 2.67% 7-day yield; projects $290M annualized when fully staked through MAVAN platform
Exhibit 99.1 view on EDGAR → -
medium
Added to Russell 1000 Large-cap index on June 26, 2026; trades $579M average daily dollar volume (5-day), ranking 187th among 5,704 US-listed stocks
Exhibit 99.1 view on EDGAR →
Summary
Bitmine disclosed a substantial cryptocurrency treasury position: 5.78 million ETH tokens valued at $10.9 billion (4.8% of total ETH supply), plus 207 BTC, equity stakes in Beast Industries ($180M) and Eightco ($58M), and $385 million in cash and marketable securities, totaling $11.5 billion.
The company has staked 4.9 million ETH (85% of holdings) through its MAVAN platform, generating $247 million in annualized staking revenue at a 2.67% yield, with potential to reach $290 million when fully staked. Bitmine claims to operate the world's largest Ethereum treasury and to have staked more ETH than any other entity.
The company executed a $86 million share buyback in the past week, repurchasing 5.5 million shares at an average price of $15.62 under its $4 billion authorization. Management characterized the buyback as accretive and noted it temporarily slowed ETH acquisitions. Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026, and now trades $579 million in average daily dollar volume, ranking 187th among US-listed stocks. The disclosure provides transparency into the company's treasury strategy, capital allocation between crypto accumulation and share repurchases, and its positioning as a major Ethereum holder and staking operator.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Company issued press release announcing operational update under Regulation FD disclosure.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 20, 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 20, 2026 announcing an operational update. The 8-K body does not disclose the substance of the update; it references Exhibit 99.1 (the press release itself) which is not included in the provided text. This is a Regulation FD disclosure, meaning the information is being publicly disclosed to comply with fair disclosure rules.
Event · Exhibit 99.1
Bitmine announces ETH holdings of 5.78M tokens ($10.9B), $11.5B total crypto+cash, 5.5M share buyback, and 4.9M staked ETH generating $247M annualized revenue.
Added in current filing · view on EDGAR →
As of July 19, 2026, Bitmine total staked ETH stands at 4,917,189 ($9.2 billion at $1,879 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 $290 million on an annualized basis (using 2.67% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $247 million. And this 4.9 million ETH is 85% of the 5.78 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.67% (annualized),” continued Lee.
Bitmine has staked 4.9 million ETH (85% of its holdings) valued at $9.2 billion through its MAVAN staking platform, generating a 7-day annualized yield of 2.67%. Current annualized staking revenues are projected at $247 million, with potential to reach $290 million when all ETH is fully staked. The company claims to have staked more ETH than any other entity globally.
Added in current filing · view on EDGAR →
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026, marking its recognition as a large-cap company. This index inclusion typically increases institutional ownership and trading liquidity, as many funds track Russell indices.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify