This is a routine operational update with no new financial results or guidance. Monitor next 10-Q for actual revenue and earnings impact from staking operations and ETH price volatility. The aggressive buyback pace signals management's view of undervaluation but does not change fundamentals.
Price Chart
Executive Summary
Bitmine Immersion Technologies disclosed its crypto and cash holdings as of August 16, 2026, totaling $11.4 billion, including 5.82 million ETH tokens (4.8% of total ETH supply). The company also announced the repurchase of 1.7 million shares in the past week, bringing cumulative buybacks to 20.8 million shares since July 2026 under a $4 billion program. This is a routine operational update with no new financial results or guidance, making it neutral for the stock.
Key Facts
- Crypto + total cash & marketable securities + 'moonshots' total $11.4 billion as of August 16, 2026
- ETH holdings: 5,815,164 tokens at $1,893/ETH, representing 4.8% of total ETH supply (120.7 million)
- Total cash & marketable securities: $78 million
- Repurchased 1.7 million shares in the past week; cumulative 20.8 million shares since July 2026 under $4 billion buyback program
- Staked ETH: 5,067,309 tokens ($9.6 billion at $1,893/ETH), generating a 7-day yield of 2.61% (annualized)
- Projected annualized staking revenues: $250 million
- Holdings include 210 Bitcoin, $180 million stake in Beast Industries, $73 million stake in Eightco Holdings (NASDAQ: ORBS)
- Added to Russell 1000 Large-cap index on June 26, 2026
Financial Impact
Total holdings of $11.4 billion disclosed; no new revenue or earnings figures reported
Risk Factors
- Extreme volatility in ETH and Bitcoin prices could significantly reduce the value of crypto holdings
- Concentration risk: 87% of ETH holdings are staked, exposing the company to slashing events and protocol changes
- Share buyback program may not be fully executed and could deplete cash reserves
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-038652 |
| Exhibit: ex99-1.htm | 0001493152-26-038652 |
| Document: 0001493152-26-038652-index-headers.html | 0001493152-26-038652 |
| Document: 0001493152-26-038652-index.html | 0001493152-26-038652 |
| Document: 0001493152-26-038652.txt | 0001493152-26-038652 |
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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