Bitmine Immersion Technologies announced on August 3, 2026, that it acquired an additional 10,399 ETH during the previous week. The purchase raised the company’s total Ethereum holdings to 5,797,813 tokens as of August 2 at 4:00 p.m. ET.

That position equals approximately 4.8% of Ethereum’s estimated circulating supply of 120.7 million tokens. Management stated the firm is now 96% of the way toward its stated goal of owning 5% of the supply, a target it has pursued since adopting an Ethereum treasury strategy on June 30, 2025. The company has purchased ETH every week since that date.

Combined Holdings Reach $11.3 Billion

At the company’s reported valuation of $1,880 per ETH, the Ethereum position forms the core of a broader portfolio valued at $11.3 billion. The total includes 209 bitcoin, a $180 million stake in Beast Industries, a $61 million holding in Eightco Holdings, and $173 million in cash and marketable securities.

Bitmine ranks as the largest corporate Ethereum treasury worldwide and the second-largest digital-asset treasury overall, trailing only Strategy Inc. The company was added to the Russell 1000 large-cap index on June 26, 2026. Its Series A preferred stock trades on the NYSE under the ticker BMNP.

One comparison of consecutive weekly snapshots showed the combined holdings value declined from $11.8 billion the prior week. The change coincided with a lower ETH price used in the company’s reporting and a reduction in cash and marketable securities.

Staking Operations Generate Yield

Bitmine has staked 4,917,189 ETH, or roughly 85% of its total holdings. At the stated price, the staked position is valued at $9.2 billion. The tokens are deployed in part through MAVAN, the company’s Made in America Validator Network, an institutional-grade staking platform originally built for its own treasury and intended for broader use by institutional investors and partners.

Management projects current annualized staking revenue of approximately $247 million based on a recent 2.67% seven-day yield. Once the full holdings are staked through MAVAN and partners, the projected annualized figure rises to about $291 million. Chairman Thomas Lee said the firm has staked more ETH than any other entity.

Share Repurchase Program Continues

Alongside the ETH accumulation, Bitmine repurchased 4.5 million shares of common stock over the past week. The purchases form part of a previously authorized $4 billion buyback program. Since July 1, 2026, the company has bought back 16.1 million shares in total.

Lee described the activity as the largest common-stock repurchase executed by any Ethereum, bitcoin or crypto digital-asset treasury company. He said management continues to view the shares as attractively valued relative to the firm’s assets and long-term strategy. Historical patterns noted by the company show that strong monthly ETH outperformance versus the Nasdaq-100 tracking fund has often been followed by BMNR shares outperforming ETH in the subsequent month.

On August 3 the stock traded near $17.06, down roughly 1.3% on the day after testing resistance near $17.15. Average daily dollar volume recently ranked the shares among the more actively traded U.S.-listed equities.

Institutional Support and Strategy Outlook

Bitmine cited backing from a group of institutional investors that includes ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, Digital Currency Group, Galaxy Digital and others as it advances its accumulation plan. The firm also pointed to regulatory developments such as the GENIUS Act and related SEC initiatives as potentially significant for the broader digital-asset sector.

The company operates across institutional staking and validation services, bitcoin mining and strategic digital-asset management. Its MAVAN platform and continued weekly ETH purchases remain central to the current strategy.