Monitor for the next quarterly filing (10-Q) to assess the impact of the aggressive share buyback and ETH accumulation on book value per share and cash flow. The $4 billion buyback program is large relative to the $9.5B market cap, but the filing provides no financial statements to evaluate the cost basis or funding source.
Price Chart
Executive Summary
Bitmine Immersion Technologies announced its crypto + total cash & marketable securities + 'moonshots' holdings total $11.8 billion as of July 26, 2026, including 5,787,414 ETH (4.8% of total ETH supply) and $268 million in cash & marketable securities. The company also repurchased 6.1 million shares of common stock in the past week (11.6 million since July 1) under its previously authorized $4 billion buyback program. This is a routine operational update with no new financial results or guidance, making it neutral in sentiment.
Key Facts
- Total crypto + cash & marketable securities + 'moonshots' holdings: $11.8 billion
- ETH holdings: 5,787,414 tokens (4.8% of total 120.7 million ETH supply)
- Staked ETH: 4,917,189 ($9.6 billion at $1,948/ETH)
- Cash & marketable securities: $268 million
- Repurchased 6.1 million common shares in the past week; 11.6 million since July 1, 2026
- Projected annualized staking revenues: $254 million (current); $299 million when fully staked
- Average daily dollar volume: $597 million (5-day avg as of July 24, 2026)
- Added to Russell 1000 Large-cap index on June 26, 2026
Financial Impact
Total holdings of $11.8 billion disclosed; no revenue, earnings, or guidance provided
Risk Factors
- ETH price volatility directly impacts the value of the company's primary treasury asset
- Aggressive share buyback may deplete cash reserves if funded from cash rather than operations
- No financial statements provided; inability to assess profitability or cash flow from mining operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-034720 |
| Exhibit: ex99-1.htm | 0001493152-26-034720 |
| Document: 0001493152-26-034720-index-headers.html | 0001493152-26-034720 |
| Document: 0001493152-26-034720-index.html | 0001493152-26-034720 |
| Document: 0001493152-26-034720.txt | 0001493152-26-034720 |
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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