TL;DR
- Bitmine Immersion Technologies raised its ETH holdings to 5.81 million tokens, equivalent to 4.8% of Ethereum’s total supply.
- The company accumulates crypto assets, cash and stakes totaling $11.6 billion, holds 5.06 million staked ETH generating approximately $257 million in annual income.
- Under its $4 billion buyback program, Bitmine acquired 19.1 million of its own shares during July 2026, the largest buyback executed by any digital asset treasury company.
Bitmine Immersion Technologies announced that its total holdings of cryptocurrencies, cash, marketable securities and strategic stakes reach $11.6 billion. The figure includes 5,805,238 ETH valued at $1,928 per token according to Coinbase, 209 Bitcoin, a $180 million stake in Beast Industries, $69 million in Eightco Holdings (NASDAQ: ORBS), and $104 million in cash and marketable securities.
With that volume, the company controls 4.8% of Ethereum’s circulating supply, estimated at 120.7 million tokens, and is approaching its goal of reaching 5%, internally dubbed the “Alchemy of 5%,” in just 14 months since it transformed into an ETH treasury-based company on June 30, 2025.
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BitMine provided its latest holdings update for August 10, 2026$11.6 billion in total crypto + "moonshots":
– 5,805,238 ETH at $1,928 per ETH per ETH (per @coinbase)
– 209 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $69 million stake in Eightco…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) August 10, 2026
Thomas “Tom” Lee, the company’s chairman, noted that in July ETH outperformed the Nasdaq 100 by 2,500 basis points, the widest margin since July 2025, and that historical patterns suggest that kind of relative performance tends to be followed by a strong appreciation of BMNR shares versus ETH itself over the following two months.
Bitmine: Institutional Staking and Record Buyback
The MAVAN platform (Made in America Validator Network), launched during 2026, concentrates 5.06 million staked ETH, valued at $9.8 billion at current market price. The seven-day yield stands at 2.63% annualized, with projected income of $257 million per year. MAVAN aims to expand toward custodians, institutional investors and partners within the Ethereum ecosystem.
In addition, Bitmine repurchased 3 million shares in the last week and has accumulated 19.1 million of its own shares acquired since July 2026 under its authorized $4 billion program, the largest buyback recorded by any company with digital asset treasury strategies. The company’s stock was added to the Russell 1000 Large-cap index on June 26, 2026.
Lee also referenced the macroeconomic context: the probability of a Federal Reserve rate hike in September fell from 75% to 40% in two weeks, which Bitmine interprets as a tailwind for cryptocurrencies. Among the institutional investors backing the firm are ARK Investment Management, Pantera Capital, Galaxy Digital, Founders Fund and Kraken, among others.
