The continued ETH accumulation and staking ramp reinforce BMNR's NAV thesis. Monitor ETH price and staking yields as key drivers; the stock's high liquidity ($1.36B daily volume) suggests strong retail and institutional interest. Next catalyst: CLARITY Act vote in mid-September 2026.
Price Chart
Executive Summary
Bitmine Immersion Technologies announced ETH holdings reached 5.90 million tokens (4.9% of total supply) and total crypto, cash, and marketable securities of $15.6 billion as of August 30, 2026. The company also disclosed staked ETH of 5.07 million tokens generating projected annualized staking revenues of $340 million, and continued weekly ETH purchases for 65 consecutive weeks.
Key Facts
- ETH holdings: 5,901,112 tokens (4.9% of 120.7M total ETH supply)
- Total crypto + cash + marketable securities + moonshots: $15.6 billion
- Staked ETH: 5,067,309 tokens ($12.7B at $2,511/ETH)
- Projected annualized staking revenues: $340 million (current), $396 million at scale
- Cash & marketable securities: $541 million
- Acquired 53,501 ETH in the past week; 65 consecutive weeks of ETH purchases
- Average daily dollar volume: $1.36 billion (5-day avg, rank #62 in US)
- Added to Russell 1000 Large-cap index on June 26, 2026
Financial Impact
Total holdings of $15.6B, with staking revenue projected at $340M annualized. ETH holdings represent 4.9% of total ETH supply.
Risk Factors
- Extreme volatility in ETH and other crypto prices
- Projected staking revenues may not materialize if ETH price or staking yields decline
- Regulatory uncertainty around crypto assets and staking
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-040741 |
| Exhibit: ex99-1.htm | 0001493152-26-040741 |
| Document: 0001493152-26-040741-index-headers.html | 0001493152-26-040741 |
| Document: 0001493152-26-040741-index.html | 0001493152-26-040741 |
| Document: 0001493152-26-040741.txt | 0001493152-26-040741 |
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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