Monitor ETH price and the company's accumulation pace toward the 5% supply target. The staking revenue projections ($223M annualized) depend on ETH price and staking yield. Preferred dividend payments are fixed and routine.
Price Chart
Executive Summary
Bitmine Immersion Technologies disclosed updated crypto holdings totaling $10.7B as of June 21, 2026, including 5.67M ETH (4.7% of total supply) and 4.72M staked ETH generating projected annualized staking revenues of $223M. The company also declared seven weekly cash dividends of $0.1847/share on its Series A Preferred Stock (BMNP) and noted the recent closing of a $273.8M net proceeds preferred stock offering. The filing is an operational update with no earnings or financial statements, and forward-looking statements about reaching 5% ETH ownership.
Key Facts
- ETH holdings: 5,672,956 tokens (4.7% of 120.7M supply) as of June 21, 2026
- Total crypto + cash + marketable securities + 'moonshots' = $10.7B
- Staked ETH: 4,718,677 tokens ($8.2B at $1,733/ETH), projected annualized staking revenues of $223M
- Closed offering of 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share, net proceeds ~$273.8M
- Board declared seven weekly cash dividends of $0.1847/share on Series A Preferred Stock, payable July 17–Aug 28, 2026
Financial Impact
No direct financial impact on common stock; preferred stock dividends are routine. The $273.8M net proceeds from the preferred offering provide additional capital for ETH accumulation.
Risk Factors
- ETH price volatility directly impacts the value of crypto holdings and staking revenue
- Regulatory changes (GENIUS Act, SEC Project Crypto) could affect digital asset strategy
- Execution risk on MAVAN staking platform expansion and achieving full staking scale
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-029507 |
| Exhibit: ex99-1.htm | 0001493152-26-029507 |
| Document: 0001493152-26-029507-index-headers.html | 0001493152-26-029507 |
| Document: 0001493152-26-029507-index.html | 0001493152-26-029507 |
| Document: 0001493152-26-029507.txt | 0001493152-26-029507 |
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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