Bitmine Immersion Technologies provided an operational update, announcing its total holdings of cryptocurrency, cash, and marketable securities have reached $11.3 billion as of August 2, 2026. The company's Ethereum (ETH) holdings now total nearly 5.8 million tokens, representing 4.8% of the total ETH supply.
Key Details
- Asset Breakdown: Total holdings include 5,797,813 ETH (valued at $1,880/ETH), 209 BTC, $173 million in cash & marketable securities, a $180 million stake in Beast Industries, and a $61 million stake in Eightco Holdings.
- Staking Operations: The company has 4.9 million ETH staked, generating projected annualized revenues of $247 million with a 7-day yield of 2.67%.
- Share Repurchase: BMNR repurchased 4.5 million shares of its common stock in the past week under its previously authorized $4 billion share repurchase program. Since July 1, 2026, the company has repurchased a total of 16.1 million shares.