Bitmine Immersion Technologies provided an operational update, announcing its total holdings of cryptocurrency, cash, and marketable securities have reached $11.5 billion. The company's Ethereum (ETH) holdings now represent 4.8% of the total ETH supply.
Key Details
- Total Holdings: Valued at $11.5 billion as of July 19, 2026, including 5.78 million ETH, 207 BTC, and $385 million in cash and marketable securities.
- Share Repurchase: The company recently repurchased 5.5 million shares of its common stock under its existing $4 billion share repurchase program.
- Staking Operations: Bitmine has 4.92 million ETH staked, valued at $9.2 billion, with projected annualized staking revenues of $247 million.