other material
confidence high
sentiment positive
materiality 0.85
Bitmine reports $11.3B crypto & cash; ETH holdings reach 5.8M tokens (4.8% of supply)
BITMINE IMMERSION TECHNOLOGIES, INC.
- Crypto + cash & marketable securities + 'moonshots' total $11.3B, including 5.8M ETH ($1,880/ETH) and $173M cash.
- Repurchased 4.5M common shares in past week; total buybacks since July 1 reach 16.1M shares under $4B program.
- Staked ETH of 4.9M tokens ($9.2B) generating annualized staking revenue projected at $247M (2.67% 7-day yield).
- Bitmine owns $61M stake in Eightco (ORBS) and $180M in Beast Industries; added to Russell 1000 on June 26, 2026.
- ETH outperformed Nasdaq 100 by 2,500bp in July; Chairman cites strengthening crypto fundamentals.