Key Highlights
-
BMNR shares advanced 1.80% following disclosure of 5.70M ETH token holdings.
-
Combined cryptocurrency, cash and marketable securities portfolio reached $9.8B.
-
Company controls approximately 4.7% of Ethereum’s circulating supply.
-
4.88M ETH tokens staked via MAVAN platform and partnered validators.
-
BMNR added to Russell 1000 index; preferred shares trading as BMNP.
Bitmine Immersion Technologies (BMNR) disclosed total holdings of $9.8 billion across cryptocurrency assets, cash reserves, marketable securities, and associated investments. Shares finished the session at $13.56, representing a 1.80% gain, following intraday fluctuations. The stock reached an intraday peak of $13.97 before consolidating near closing levels.
Bitmine Immersion Technologies, Inc., BMNR
Ethereum Treasury Reaches New Milestone
Bitmine disclosed ownership of 5,700,040 ETH tokens as of June 28, 2026. The valuation utilized an Ethereum price point of $1,569 per token. This accumulation represents approximately 4.7% of Ethereum’s 120.7 million total circulating supply.
The accumulation strategy spanned 11 months of consistent acquisitions. Management indicated the company has achieved 94% progress toward its strategic objective of controlling 5% of ETH’s supply. In the most recent weekly period, Bitmine acquired an additional 27,084 ETH tokens.
Bitmine maintains its position as the premier Ethereum treasury corporation by disclosed reserves. The company ranks second globally among cryptocurrency treasury holders, trailing only Strategy. Strategy’s Bitcoin reserves reportedly total 847,363 BTC, approximately $50 billion in value.
MAVAN Staking Infrastructure Drives Yield Generation
Bitmine disclosed 4,879,157 staked ETH across its proprietary staking infrastructure and partner validators. These staked holdings carry an estimated value of $7.7 billion. This staked portion comprises over 85% of the company’s entire Ethereum position.
The MAVAN initiative—Made in America Validator Network—serves as the company’s institutional-grade staking solution. Bitmine developed MAVAN primarily to optimize returns on its treasury holdings. The platform will eventually extend services to custodial institutions, traditional finance entities, and blockchain ecosystem participants.
Staking operations produced a 2.75% annualized seven-day yield according to company data. Management projects annual staking revenue of $211 million based on current staked positions. When operating at maximum capacity, the platform anticipates generating approximately $246 million in yearly rewards.
Russell 1000 Inclusion and Preferred Securities Launch
Bitmine secured placement in the Russell 1000 Large-cap Index effective June 26, 2026. The addition occurred during the index’s annual rebalancing process. Management anticipates enhanced institutional ownership through passive investment vehicles and index-tracking exchange-traded funds.
In early June, the company successfully executed a preferred equity offering. Bitmine issued 3.5 million shares of 9.50% Series A Perpetual Preferred Stock. After underwriting fees and transaction expenses, the company received net proceeds of approximately $273.8 million.
Preferred shares commenced trading on the New York Stock Exchange under ticker symbol BMNP. Bitmine reported an additional $555 million in liquid assets and marketable securities. The broader portfolio encompasses 206 Bitcoin, equity positions in Eightco, and a $180 million investment in Beast Industries.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
