---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000817826.md"
description: "📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $BitMine Immersion Tech(BMNR.US) Bitmine ETH Holdings Reach $11.8 Billion, Nearing Its 5% Supply Target👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:➤ 𝗕𝗶𝘁𝗺𝗶𝗻𝗲 holds 𝟱,𝟳𝟴𝟳,𝟰𝟭𝟰 𝗘𝗧𝗛, representing 𝟰.𝟴% of supply.➤ Total crypto, cash, securities and “moonshots” equal $𝟭𝟭.𝟴 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.➤ Bitmine is 𝟵𝟲% toward its targeted 𝟱% Ethereum ownership.➤ The company repurchased 𝟲.𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 shares last week.➤ Total repurchases since July 1 reached 𝟭𝟭.𝟲 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 shares.➤ Bitmine has 𝟰,𝟵𝟭𝟳,𝟭𝟴𝟵 staked ETH worth approximately $𝟵.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.➤ Annualized staking revenue is currently projected at $𝟮𝟱𝟰 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.➤ Bitmine added 𝟵,𝟵𝟰𝟲 𝗘𝗧𝗛 during the latest week.➤ Bitmine joined the 𝗥𝘂𝘀𝘀𝗲𝗹𝗹 𝟭𝟬𝟬𝟬 Large-Cap Index in June 2026.➤ Its 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 preferred stock trades on NYSE as 𝗕𝗠𝗡𝗣.👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:➤ Bitmine is approaching unprecedented concentration in the 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 supply.➤ Large-scale staking could create substantial recurring 𝗰𝗿𝘆𝗽𝘁𝗼-𝗯𝗮𝘀𝗲𝗱 revenue.➤ Continued buybacks may increase each remaining share’s exposure to ETH.➤ Institutional index inclusion could broaden demand from passive investment funds.➤ Bitmine’s strategy strengthens its position as the largest 𝗘𝗧𝗛 treasury.👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:𝗧𝗵𝗼𝗺𝗮𝘀 “𝗧𝗼𝗺” 𝗟𝗲𝗲, Chairman of Bitmine:"Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening. In fact, this ratio is now at a 3-month high at 0.3000, which we believe bodes well for future strengthening of ETH prices,""ETH prices are now reaching a 10-week high and as many technical strategists have highlighted, we believe the next key levels to clear are $2,000 and $2,500 for ETH. Our advisor, Tom DeMark of DeMark Analytics, sees these levels as near-term targets if the comparison of ETH to S&P 500 post-Oct 1987 continues to hold,""With over 11 million shares of common stock repurchased, Bitmine has executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury,""Over the past week, we acquired 9,946 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,""Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $299 million on an annualized basis (using 2.65% 7-day BMNR yield),""Annualized staking revenues are now projected at $254 million. And this 4.9 million ETH is 85% of the 5.79 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.65% (annualized),""
datetime: "2026-07-27T12:34:24.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000817826.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000817826.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000817826.md)
author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)"
generator: "portal-rs"
---

# 📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $BitMine Immersion Tech(BMNR.US) Bitmin…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**