other material
confidence high
sentiment positive
materiality 0.85
Bitmine reports $11.1B crypto+cash holdings, 5.74M ETH (4.8% of supply), added to Russell 1000
BITMINE IMMERSION TECHNOLOGIES, INC.
- ETH holdings of 5,742,237 tokens (4.8% of total supply); total crypto + cash + marketable securities = $11.1B.
- Added to Russell 1000 Large-cap Index on June 26, 2026; expected to add hundreds of institutional investors.
- Staked 4,879,157 ETH ($8.8B at $1,800/ETH); annualized staking revenue projected at $235M.
- Closed offering of 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share, net proceeds ~$273.8M.
- Holds $71M stake in Eightco (ORBS) and $180M in Beast Industries; also 206 BTC.