Bitmine owns 4.8% of the total ETH supply of 120.7 million
Bitmine has reached 96% of the goal “Alchemy of 5%” in just 12 months
Bitmine was added to the Russell 1000 Large-cap Index on June 26, 2026
Bitmine’s Series A Preferred Stock will trade on the NYSE under the symbol BMNP
Bitmine continues to be backed by a group of leading institutional investors, including Cathie Wood’s ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and private investor Thomas “Tom” Lee in support of Bitmine’s goal to acquire 5% of ETH
/PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” o to “Society”), a Bitcoin and Ethereum company specializing in accumulating cryptocurrencies for long-term investments, today published the President’s July message entitled “ETH is the cure for the ‘Uncanny Valley of Wealth'”
The Uncanny Valley
The “Uncanny Valley of Wealth”
This message from the President explains the company’s belief that Ethereum represents a critical interface to protect humans from the effects of AI’s growing capabilities and resulting greater economic influence.
- The “Uncanny valley of wealth” it is the concept that, ultimately, humans will become restless with the growing economic and social power of an economy increasingly fueled by agentic AI and, before long, machine-to-machine interactions.
- This represents a variant of the Japanese roboticist Masahiro Mori, who published the essay in 1970 “The uncanny valley” (*Uncanny Valley*). His hypothesis illustrates the unsettling sensation that people often experience when they encounter something that appears almost human.
- In 2026, the cryptocurrency sector faced macroeconomic challenges, including bond markets that “priced” a turning point “hawkish” by global central banks, the slow progress of the Clarity Act, the outperformance of AI (aka FOMO, or the fear of being left out) and the underperformance of the financial sector. Over the course of 2026, we think many of these challenges could become favorable conditions.
- Although many attribute the situation only to the so-called “winter of cryptocurrencies”2026 saw significant breakthroughs, including the announcement of asset tokenization by many banks and the launch of new Layer 2 (L2) solutions on Ethereum, such as the Robinhood Chain. This is in contrast to the cryptocurrency winters of 2018 and 2022, when regulatory challenges and the collapse of crypto institutions drove such declines.
- The President thinks that Ethereum is well positioned to benefit from two exponential growth drivers, namely Wall Street’s creation of blockchain infrastructure and agentic AI (as discussed above).
- The President also explains how Bitmine is strategically positioning itself for the fundamental factors of the next cryptocurrency bull cycle, supporting important infrastructure partners and consolidating the Ethereum ecosystem.
The President’s message is available here:
https://www.Bitminetech.io/chairmans-message
The full-year 2025 earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
For all updates, you can register at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the United States. The company is using its excess capital to become the world’s leading Ethereum treasury firm, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “5% alchemy”the Company is committed to using ETH as its primary treasury reserve asset, leveraging native protocol-level assets, including staking and decentralized finance mechanisms. In 2026, the company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets.
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Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. These forward-looking statements can be identified by terms such as “predicts”, “plans”, “designed”, “he means”, “credit”, “anticipates”, “esteem” and similar expressions. This document contains forward-looking statements regarding, in particular: (i) the Company’s objectives regarding the acquisition of ETH, including the initiative “Alchemy of 5%” and the prediction that Bitmine will reach this goal in 2026; (ii) the Company’s beliefs and expectations about the cryptocurrency market, including the belief that the macroeconomic difficulties faced by the industry in 2026 may become favorable conditions; (iii) the Company’s belief that Ethereum represents a fundamental interface to protect humans from the effects caused by the growing capabilities of AI, including the thesis of “Uncanny valley of wealth” regarding the growing economic and social power of an economy increasingly powered by agentic AI; (iv) the President’s belief that Ethereum is well positioned to benefit from two exponential growth drivers, namely Wall Street’s creation of blockchain infrastructure and the adoption of agentic AI; (v) the Company’s belief in Bitmine’s positioning against key drivers of the next cryptocurrency bull cycle, including supporting key infrastructure partners and strengthening the Ethereum ecosystem; and (vi) the future growth and progress of the Company’s Ethereum treasury strategy. In evaluating such forward-looking statements, you should keep in mind several factors, including: Bitmine’s ability to keep pace with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; the competitive context in which Bitmine operates; market conditions affecting the trading price of the Company’s common stock and Series A preferred stock; regulatory developments affecting digital assets, including the enactment and final implementation of the GENIUS Act and other pending legislation and other SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability and security of the Company’s staking operations; risks regarding AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Forward-looking statements are not guarantees of future performance and actual future results can and often do differ materially from those expressed in such statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the section “Risk factors” of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as in all other documents filed with the SEC, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine assumes no obligation to update these statements in the event of revisions or modifications after the date of publication of this press release, except as required by law.
