This is a routine operational update with no earnings or guidance. Monitor for the next quarterly filing (10-Q) to assess whether the aggressive ETH accumulation strategy is funded by equity dilution or operating cash flow. The $572M daily trading volume suggests high retail interest, but the stock's historical T+20 performance has been negative on average.
Price Chart
Executive Summary
Bitmine Immersion Technologies disclosed updated crypto and cash holdings totaling $12.3 billion as of May 25, 2026, including 5.39 million ETH (4.47% of total ETH supply), $444 million cash, and stakes in Eightco and Beast Industries. The company also highlighted its MAVAN staking platform and projected annual staking revenues of $276 million. No financial results or guidance were provided.
Key Facts
- Total crypto + cash + 'moonshots' holdings of $12.3 billion as of May 25, 2026
- ETH holdings of 5,390,404 tokens, representing 4.47% of total ETH supply of 120.7 million
- Total cash of $444 million
- 4,712,917 staked ETH ($10.1 billion at $2,134/ETH), generating projected annual staking revenue of $276 million
- Acquired 111,942 ETH over the past week
- Owns $95 million stake in Eightco (NASDAQ: ORBS) and $200 million stake in Beast Industries
- Stock trades $572 million per day (5-day avg), ranked #193 most traded in US
- Uplisted to NYSE from NYSE American effective April 9, 2026
Financial Impact
Total holdings of $12.3 billion; projected annual staking revenue of $276 million
Risk Factors
- ETH price volatility directly impacts NAV and staking revenue projections
- Aggressive ETH accumulation may require future equity or debt financing
- No financial statements or revenue/earnings data provided in this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-025174 |
| Exhibit: ex99-1.htm | 0001493152-26-025174 |
| Document: 0001493152-26-025174-index-headers.html | 0001493152-26-025174 |
| Document: 0001493152-26-025174-index.html | 0001493152-26-025174 |
| Document: 0001493152-26-025174.txt | 0001493152-26-025174 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $25.76 $23.60 | ▼ −8.39% | ▼ −7.93% | $26.55 (+3.07%) |
Aug 31, 2026 4w ago | 8-K | $25.32 $23.37 | ▼ −7.70% | ▼ −7.01% | $26.55 (+4.86%) |
Aug 24, 2026 5w ago | 8-K | $24.14 $24.82 | ▲ +2.82% | ▲ +2.50% | $26.55 (+9.98%) |
Aug 17, 2026 6w ago | 8-K | $18.73 $18.28 | ▼ −2.40% | ▼ −1.73% | $26.55 (+41.75%) |
Aug 14, 2026 7w ago | 8-K | $18.08 $18.73 | ▲ +3.60% | ▲ +4.07% | $26.55 (+46.85%) |
Aug 10, 2026 7w ago | 8-K | $18.10 $18.09 | ▼ −0.06% | ▲ +0.26% | $26.55 (+46.69%) |
Aug 3, 2026 8w ago | 8-K | $17.42 $18.10 | ▲ +3.90% | ▲ +2.10% | $26.55 (+52.41%) |
Jul 27, 2026 9w ago | 8-K | $17.92 $17.57 | ▼ −1.95% | ▼ −2.19% | $26.55 (+48.16%) |
Jul 20, 2026 10w ago | 8-K | $16.63 $17.23 | ▲ +3.61% | ▲ +2.77% | $26.55 (+59.65%) |
Jul 16, 2026 11w ago | 8-K | $15.44 $15.69 | ▲ +1.62% | ▲ +2.61% | $26.55 (+71.96%) |
US Market Status
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