Monitor ETH price and staking yield trends for impact on Bitmine's asset valuation. The ongoing buyback at pace (~$4B program) suggests management views shares as undervalued but does not provide a hard catalyst. No earnings or guidance revision — wait for the next quarterly filing for financial performance.
Price Chart
Executive Summary
Bitmine Immersion Technologies announced ETH holdings of 5.81 million tokens (4.8% of total ETH supply) and total crypto plus cash holdings of $11.6 billion as of August 9, 2026. The company also reported repurchasing 3.0 million shares in the past week and 19.1 million shares cumulatively since July 2026 under its $4 billion buyback program. No financial results or guidance were provided; the press release is an operational update focused on asset accumulation and capital return.
Key Facts
- ETH holdings: 5,805,238 tokens (4.8% of 120.7M total ETH supply)
- Total crypto + cash & marketable securities + 'moonshots': $11.6 billion
- Staked ETH: 5,067,309 ($9.8 billion at $1,928/ETH)
- Projected annualized staking revenues: $257 million
- Repurchased 3.0 million common shares in the past week; 19.1 million shares since July 1, 2026 under $4 billion buyback program
- Owns $69 million stake in Eightco (NASDAQ: ORBS) and $180 million stake in Beast Industries
- Total cash & marketable securities: $104 million
Financial Impact
Asset update only; no revenue, earnings, or guidance reported. Crypto holdings valued at $11.6 billion include 5.81M ETH, 209 BTC, $180M in Beast Industries, $69M in Eightco (ORBS), and $104M cash.
Risk Factors
- Extreme volatility in ETH and BTC prices directly impacts total asset value and mark-to-market
- Regulatory uncertainty around CLARITY Act and GENIUS Act could affect crypto markets
- Concentration risk: ~97% of reported crypto holdings are in a single asset (ETH)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-036757 |
| Exhibit: ex99-1.htm | 0001493152-26-036757 |
| Document: 0001493152-26-036757-index-headers.html | 0001493152-26-036757 |
| Document: 0001493152-26-036757-index.html | 0001493152-26-036757 |
| Document: 0001493152-26-036757.txt | 0001493152-26-036757 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $25.76 $23.60 | ▼ −8.39% | ▼ −7.93% | $26.73 (+3.77%) |
Aug 31, 2026 4w ago | 8-K | $25.32 $23.37 | ▼ −7.70% | ▼ −7.01% | $26.73 (+5.57%) |
Aug 24, 2026 5w ago | 8-K | $24.14 $24.82 | ▲ +2.82% | ▲ +2.50% | $26.73 (+10.73%) |
Aug 17, 2026 6w ago | 8-K | $18.73 $18.28 | ▼ −2.40% | ▼ −1.73% | $26.73 (+42.71%) |
Aug 14, 2026 7w ago | 8-K | $18.08 $18.73 | ▲ +3.60% | ▲ +4.07% | $26.73 (+47.84%) |
Aug 10, 2026 7w ago | 8-K | $18.10 $18.09 | ▼ −0.06% | ▲ +0.26% | $26.73 (+47.68%) |
Aug 3, 2026 8w ago | 8-K | $17.42 $18.10 | ▲ +3.90% | ▲ +2.10% | $26.73 (+53.44%) |
Jul 27, 2026 9w ago | 8-K | $17.92 $17.57 | ▼ −1.95% | ▼ −2.19% | $26.73 (+49.16%) |
Jul 20, 2026 10w ago | 8-K | $16.63 $17.23 | ▲ +3.61% | ▲ +2.77% | $26.73 (+60.73%) |
Jul 16, 2026 11w ago | 8-K | $15.44 $15.69 | ▲ +1.62% | ▲ +2.61% | $26.73 (+73.12%) |
US Market Status
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