other material
confidence high
sentiment positive
materiality 0.65
Bitmine owns 4.8% of ETH supply, added to Russell 1000, releases chairman's message
BITMINE IMMERSION TECHNOLOGIES, INC.
- Bitmine holds 5.74M ETH (4.8% of total supply) as of July 2026, up from zero in 12 months.
- Added to Russell 1000 large-cap index on June 26, 2026, increasing institutional exposure.
- Series A perpetual preferred stock (BMNP) launched at $80, now trading at $86 with 9.5% yield.
- Chairman Tom Lee outlines bullish ETH 2.0 thesis citing tokenization, AI-agent economy, and Robinhood Chain.
- Bitmine is lead investor in three Ethereum Foundation spinoffs: ETH Labs, Ethereum Institutional, ETH Systems.