Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and marketable securities holdings have reached $11.6 billion as of August 9, 2026. This is driven by its Ethereum Treasury strategy, which has resulted in the accumulation of 5.81 million ETH, representing 4.8% of the total supply. The company also provided an update on its significant share repurchase program.
Key Details
- Total Holdings: Valued at $11.6 billion, comprised of 5.81 million ETH, 209 BTC, $104 million in cash & marketable securities, and strategic investments.
- Staking Operations: The company has 5.07 million ETH staked, valued at $9.8 billion, generating projected annualized staking revenues of $257 million.
- Share Repurchase: Bitmine repurchased 3.0 million shares in the past week. Cumulatively, it has repurchased over 19 million shares since July 1, 2026, under its previously announced $4 billion repurchase program.