The update is largely a progress report on ETH accumulation and index inclusion — no financial statements or guidance were provided. Monitor the next quarterly report for actual cash flow from staking and any dilution from the Series A Preferred. Russell 1000 inclusion may drive passive buying, but the stock's near-term trajectory remains tied to ETH price moves.
Price Chart
Executive Summary
Bitmine Immersion Technologies disclosed updated crypto and cash holdings totaling $9.8 billion as of June 28, 2026, including 5.70 million ETH tokens (4.7% of total ETH supply), $555 million in cash and marketable securities, and stakes in Beast Industries and Eightco. The company also highlighted its addition to the Russell 1000 index on June 26, recent closing of a $273.8 million Series A Preferred Stock offering, and projected annualized staking revenues of $211 million.
Key Facts
- ETH holdings: 5,700,040 tokens valued at $1,569/ETH, representing 4.7% of total ETH supply (120.7 million)
- Total crypto + cash & marketable securities + 'moonshots': $9.8 billion, including $555 million cash & marketable securities, $180 million stake in Beast Industries, $74 million stake in Eightco (ORBS)
- Added to Russell 1000 Large-cap Index on June 26, 2026
- Closed offering of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock at $80.00/share for net proceeds of ~$273.8 million
- Total staked ETH: 4,879,157 ($7.7 billion at $1,569/ETH); projected annualized staking revenue $211 million
- Average daily dollar volume of $643 million (5-day avg as of June 26, 2026), rank #240 among US stocks
- Net proceeds from Series A Preferred Stock offering: ~$273.8 million
- ETH acquired over past week: 27,084 tokens
Financial Impact
Crypto + cash holdings total $9.8 billion; net proceeds from Series A Preferred offering were ~$273.8 million; projected annualized staking revenues are $211 million
Risk Factors
- ETH price volatility directly impacts the value of the company's primary asset
- All financial projections (staking revenue, $246M at full stake) are forward-looking and not guaranteed
- Preferred stock dividends will consume cash flow, adding a fixed obligation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-030428 |
| Exhibit: ex99-1.htm | 0001493152-26-030428 |
| Document: 0001493152-26-030428-index-headers.html | 0001493152-26-030428 |
| Document: 0001493152-26-030428-index.html | 0001493152-26-030428 |
| Document: 0001493152-26-030428.txt | 0001493152-26-030428 |
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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