other material
confidence high
sentiment positive
materiality 0.75
Bitmine holds 5.7M ETH ($9.8B total assets); added to Russell 1000; closes $273.8M preferred offering
BITMINE IMMERSION TECHNOLOGIES, INC.
- 5.70M ETH held (4.7% of total supply); total crypto + cash + securities = $9.8B as of June 28, 2026.
- 4.879M ETH staked ($7.7B); annualized staking revenue projected at $211M (2.75% yield).
- Added to Russell 1000 Large-cap index on June 26, 2026, expected to attract institutional investors.
- Closed 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share; net proceeds ~$273.8M.