Key Highlights
BMNR shares climbed 1.80% following disclosure of 5.70M ETH in company treasury.
Combined crypto, cash and marketable securities reached $9.8B total value.
Company controls 4.7% of Ethereum’s circulating token supply.
Through MAVAN and partners, Bitmine has staked 4.88M ETH tokens.
Russell 1000 inclusion completed while preferred shares now trade as BMNP.
Bitmine Immersion Technologies (BMNR) disclosed total holdings of $9.8 billion across cryptocurrency, cash, marketable securities, and associated assets. Shares finished the session at $13.56, representing a 1.80% gain, following an active trading day. The stock reached an intraday high of $13.97 before retreating and consolidating near closing levels.
Bitmine Immersion Technologies, Inc., BMNR
Ethereum Treasury Reaches New Milestone
Bitmine disclosed that its Ethereum position grew to 5,700,040 ETH tokens as of June 28, 2026. The firm calculated this holding value using an Ethereum price of $1,569 per token. This accumulation now accounts for 4.7% of the total 120.7 million ETH tokens in circulation.
Over an 11-month period, the company systematically increased its position through continuous acquisitions. Management stated the current holdings represent 94% progress toward achieving its strategic objective of controlling 5% of all ETH. In the most recent week alone, the company acquired an additional 27,084 ETH tokens.
Among publicly-traded corporations, Bitmine maintains the largest disclosed Ethereum treasury position. Globally, the company ranks as the second-largest cryptocurrency treasury holder, trailing only Strategy. Strategy’s Bitcoin holdings reportedly total 847,363 BTC, with an approximate valuation of $50 billion.
MAVAN Platform Powers Staking Strategy
The company additionally disclosed 4,879,157 ETH tokens currently deployed in staking through its infrastructure and partner network. Bitmine valued these staked assets at approximately $7.7 billion. This staking position represents over 85% of the company’s entire Ethereum holdings.
Through its Made in America Validator Network, abbreviated as MAVAN, Bitmine operates an institutional-grade staking infrastructure. While MAVAN initially serves the company’s own Ethereum treasury requirements, management intends to expand services to custodians, institutional investors, and broader ecosystem participants.
The company’s staking activities produced a 2.75% annualized yield based on seven-day performance metrics. Based on current staking deployment levels, Bitmine projected $211 million in annualized staking revenue. Upon reaching maximum operational capacity, management anticipates annual staking rewards could reach approximately $246 million.
Russell 1000 Addition and Preferred Share Launch
During the annual reconstitution process on June 26, 2026, Bitmine gained membership in the Russell 1000 Large-cap Index. This benchmark inclusion positions the company for increased institutional ownership through index-tracking funds and exchange-traded products.
Earlier in June, the company successfully concluded a preferred equity offering. The transaction involved selling 3.5 million shares of 9.50% Series A Perpetual Preferred Stock. Following underwriting fees and associated expenses, Bitmine realized net proceeds of approximately $273.8 million.
Trading for the preferred shares commenced on the New York Stock Exchange under ticker symbol BMNP. Beyond its Ethereum position, the company reported $555 million in cash and marketable securities. Additional treasury holdings encompass 206 Bitcoin tokens, equity in Eightco, and a $180 million investment position in Beast Industries.
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