Monitor ETH price movements and Bitmine's weekly ETH acquisition pace for NAV changes. The company's 4.9% ETH supply stake and staking yield trajectory are key valuation drivers.
Price Chart
Executive Summary
Bitmine Immersion Technologies disclosed updated crypto and cash holdings totaling $16.2 billion as of October 11, 2026, including 6.03 million ETH (4.9% of total supply), $612 million in cash & marketable securities, and stakes in Eightco and Beast Industries. The company also highlighted its staking operations with 5.07 million staked ETH and projected annualized staking revenues of $336 million. This is a routine operational update with no financial results or guidance, making it a neutral disclosure.
Key Facts
- Total crypto + cash & marketable securities + 'moonshots' holdings: $16.2 billion as of Oct 11, 2026
- ETH holdings: 6,028,946 tokens (4.9% of total 122.1 million ETH supply)
- Cash & marketable securities: $612 million
- Staked ETH: 5,067,309 tokens valued at $12.9 billion ($2,544/ETH)
- Projected annualized staking revenues: $336 million based on 5.1M staked ETH
- Owns $85 million stake in Eightco Holdings (NASDAQ: ORBS) and $180 million stake in Beast Industries
- Bitmine added to Russell 1000 Large-cap index on June 26, 2026
- Series A Perpetual Preferred Stock (BMNP) trades on NYSE, issued at $80, last closed at $99.53
Financial Impact
Total holdings of $16.2 billion disclosed; no revenue or earnings impact reported
Risk Factors
- Extreme volatility of ETH and Bitcoin prices directly impacts asset values
- Concentration risk with 99%+ of crypto holdings in ETH
- Projected staking revenues depend on ETH price and staking yields which may not persist
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-046744 |
| Document: form8-k.htm | 0001493152-26-046744 |
| Document: 0001493152-26-046744-index-headers.html | 0001493152-26-046744 |
| Document: 0001493152-26-046744-index.html | 0001493152-26-046744 |
| Document: 0001493152-26-046744.txt | 0001493152-26-046744 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $21.81 | awaiting T+20 | — | $21.58 (−1.08%) |
Oct 21, 2026 5d ago | Institutional Cluster | $22.50 | awaiting T+20 | — | $21.58 (−4.11%) |
Oct 19, 2026 8d ago | 8-K | $21.57 | awaiting T+20 | — | $21.58 (+0.02%) |
Oct 13, 2026 14d ago | 8-K | $23.49 | awaiting T+20 | — | $21.58 (−8.15%) |
Oct 7, 2026 20d ago | 8-K | $24.66 | awaiting T+20 | — | $21.58 (−12.51%) |
Oct 5, 2026 22d ago | 8-K | $26.79 | awaiting T+20 | — | $21.58 (−19.47%) |
Sep 30, 2026 27d ago | 8-K | $26.43 | awaiting T+20 | — | $21.58 (−18.37%) |
Sep 28, 2026 29d ago | 8-K | $26.84 $21.34 | ▼ −20.51% | ▼ −20.48% | $21.58 (−19.62%) |
Sep 22, 2026 4w ago | Institutional Cluster | $28.76 $22.82 | ▼ −20.65% | ▼ −20.09% | $21.58 (−24.98%) |
Sep 21, 2026 5w ago | 8-K | $28.25 $21.57 | ▼ −23.65% | ▼ −22.74% | $21.58 (−23.63%) |
US Market Status
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