Bitmine Immersion Technologies (BMNR) announces it owns 5.67 million ETH tokens and its total cryptocurrency holdings and cash reserves are $10.7 billion

As of 3:00 PM (ET) on June 21, 2026, the Company’s crypto assets consist of 5,672,956 ETH at a rate of $1,733 per ETH (CoinbaseNASDAQ: COIN), 205 Bitcoin (BTC), a $180 million stake in Beast Industries, a $104 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”), and a total of cash and marketable securities of $601 million. Bitmine’s ETH holdings represent 4.7% of the total ETH supply (of 120.7 million ETH).

“We believe the best years for crypto are still ahead. Tokenization and rapid advances in AI are expected to drive exponential growth in demand for blockchain and decentralized crypto,” said Thomas “Tom” Lee, Chairman of Bitmine.

On June 10, Bitmine completed its offering (the “Offering”) of 3,500,000 shares of 9.50% Perpetual Series A Preferred Stock registered under the Securities Act of 1933, as amended (the “Securities Act”) at a public issue price of $80.00 per share.

The Company received net proceeds from the offering of approximately $273.8 million, after deducting issuance costs and commissions and the Company’s estimated costs of the offering. The Series A preferred shares trade on the New York Stock Exchange (NYSE) under the symbol BMNP. Dividends for BMNP will be paid on a weekly basis, subject to the terms of the applicable Certificate of Designations.

On June 11, 2026, Bitmine was included in the Fortune Crypto 100 (link here). Fortune published this definitive ranking of the most influential companies in the blockchain sector based on in-depth data analysis by Inca Digital and a survey of leading crypto experts.

On May 11, 2026, Bitmine published the latest Chairman’s Message for May 2026 (link here).

“In the past week, we purchased 52,203 ETH. We will continue to grow our position in 2026. We believe that we are still in the early stages of the crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” said Mr. Lee.

Bitmine recently launched MAVAN (the Made-in America VAlidator Network), a staking platform for institutional investors. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, the platform will be expanded to also serve institutional investors, custodians and ecosystem partners looking for industry-leading staking infrastructure. Part of Bitmines ETH has already been staked on the MAVAN platform.

As of June 21, 2026, the total amount of ETH staked by Bitmine was 4,718,677 ($8.2 billion at a rate of $1,733 per ETH). “Bitmine has staked more ETH than any other party in the world. At full scale (when all of Bitmine’s ETH is staked entirely through MAVAN and its staking partners), the projected ETH staking yield is $268 million per year (assuming a 7-day BMNR yield of 2.73%),” said Lee.

“Annual staking revenues are now estimated at $223 million. This 4.7 million ETH represents more than 83% of the 5.67 million ETH held by Bitmine. Bitmine’s own staking activities recorded a 7-day return of 2.73% (annualized),” Lee continued.

Bitmine’s crypto holdings are considered the largest Ethereum treasury and the second largest treasury position in the world, after Strategy Inc. (NASDAQ: MSTR), which reportedly owns 846,842 BTC with an estimated value of $54 billion. Bitmine remains the largest ETH treasury in the world.

Bitmine is one of the most traded stocks in the United States. According to Fundstrat data, the stock’s average daily trading volume in dollar value was $717 million (4-day average as of June 18, 2026). This put the stock in 219th place in the United States, just behind Entegris Inc. (ranked 218th) and just ahead of Target Corporation (ranked 220th), out of a total of 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine management believes that the GENIUS Act and the Securities and Exchange Commission’s (the “SEC”) Project Crypto in 2025 will be as transformative for the financial industry as the August 15, 1971 U.S. decision to end the Bretton Woods system and the U.S. dollar’s peg to the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street and laid the foundation for the iconic financial titans and today’s payments infrastructure. These ultimately turned out to be a better investment than gold.

The company also announced that its board of directors has declared the next seven weekly cash dividends on the company’s outstanding Series A preferred shares. These dividends are expected to be paid on the payment dates below to holders of Series A preferred shares who are registered as shareholders at the close of business on the respective record dates set forth in the table below.

The chairman’s message can be found here:
https://www.Bitminetech.io/chairmans-message

The results presentation for the full financial year 2025 and the company presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, sign up at: https://Bitminetech.io/contact-us/

Over Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the United States. The company is deploying its excess capital to become the leading Ethereum treasury company globally, implementing an innovative digital asset strategy for institutional investors and public capital markets participants. Driven by its philosophy of ‘the alchemy of 5%’, the company deploys ETH as its primary treasury reserve asset, utilizing protocol-level activities including staking and decentralized finance mechanisms. The company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For more information via
https://x.com/bitmnr
https://x.com/fundstrat

Forward-Looking Statements
This press release contains statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not purely historical in nature are forward-looking statements that involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “anticipates,” “intends,” “believes,” “anticipates,” “estimates” and similar expressions. In particular, this document contains forward-looking statements regarding: (i) the Company’s objectives with respect to the acquisition of ETH, including the ‘Alchemy of 5%’ initiative and the expectation that Bitmine will achieve this objective sometime in 2026;
(ii) the Company’s beliefs and expectations regarding the crypto market, including the view that the best years for crypto are yet to come and that tokenization and rapid advances in AI are expected to drive exponential growth in demand for blockchain and decentralized crypto; (iii) the company’s belief that it is in the early stages of a ‘crypto spring’; (iv) the dividend calendar for the Series A Preferred Stock, including the expectation that weekly cash dividends of $0.1847 per share will be paid on the dates herein to shareholders of record on the respective record dates; (v) the Company’s digital asset building strategy and its staking activities, including expected annual ETH staking rewards of approximately $268 million (when all of Bitmine’s ETH is fully staked through MAVAN and its staking partners) and currently projected annual staking revenues of approximately $223 million; (vi) the intended expansion of MAVAN to serve institutional investors, custodians and ecosystem partners seeking industry-leading staking infrastructure; (vii) management’s belief that the GENIUS Act and SEC Project Crypto are as disruptive to the financial services industry as the U.S. decision of August 15, 1971 to end the Bretton Woods system and the peg of the U.S. dollar to gold; (viii) the further growth and development of the company’s Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider several factors, including: Bitmine’s ability to keep pace with new technologies and changing market needs; Bitmine’s ability to fund its current business operations, its Ethereum treasury operations and its proposed future operations; the competitive environment in which Bitmine operates; market conditions affecting the trading price of the Company’s common stock and Series A preferred stock; regulatory developments relating to digital assets, including the eventual adoption and implementation of pending SEC legislation and initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability and security of the Company’s staking operations; risks associated with AI systems and their impact on the crypto markets; and the future value of Bitcoin and Ethereum. Actual future performance and results may differ materially from those indicated in any forward-looking statements. Forward-looking statements are subject to numerous factors, many of which are beyond Bitmine’s control, including those set forth in the “Risk Factors” section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available on the SEC’s website: www.sec.gov. Bitmine undertakes no obligation to update these statements after the date of this press release, except as required by law.