$BMNR · BITMINE IMMERSION TECHNOLOGIES, INC.
Bitmine Immersion Technologies issued an operations update via Item 7.01 (Regulation FD) on October 26, 2026. The company disclosed 6,051,933 ETH at $2,356/ETH, 215 BTC, $180M Beast Industries stake, $76M Eightco (ORBS) stake, and $514M cash & marketable securities — $15B total. It repurchased 2.04M shares in the past week at $22.48 average, and 22.9M shares in 2026 for $399.6M aggregate at $17.48 average.
- ETH holdings of 6,051,933 tokens equal 4.95% of the 122.2M ETH supply.
- Total crypto + cash & marketable securities + moonshots holdings reach $15B.
- 2026 buybacks total 22.9M shares for $399.6M at $17.48 average price.
- 5,227,037 staked ETH worth $12.3B at $2,356/ETH.
- Projected annualized staking reward of $368M at full scale vs $318M currently.
Extended-hours last trade $21.80, down 2.68% vs regular close and 3.11% vs price-at-filing, despite the bullish holdings disclosure. The $399.6M buyback is modest relative to the $12.76B market cap.
Bitmine is within 0.05% of its stated 5% ETH supply goal while executing the largest crypto-treasury equity buyback ever, cementing its ETH-treasury leadership.
Bitmine positions itself as the #1 Ethereum treasury and #2 global crypto treasury behind Strategy (MSTR), which holds 848,517 BTC (~$74B).
Holdings value is highly volatile and tied to ETH/BTC prices; staking yields and rewards may differ materially from the $368M projection. Moonshot investments (Eightco, Beast Industries) carry concentrated risk.