Bitmine Immersion Technologies' combined crypto, cash and equity holdings reached $11.6 billion as of August 9, led by its 5.81-million-token Ether position. The company kept up its weekly Ether purchases and share buybacks while its staking business posted a 2.63% annualized yield.
Bitmine Immersion Technologies (NYSE:BMNR) reported combined crypto and cash holdings of $11.6 billion as of August 9 at 6:30 p.m. ET. Ether makes up the largest share of that total.
The company's holdings included 5,805,238 ETH valued at $1,928 per token based on Coinbase pricing, 209 Bitcoin, a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (NASDAQ:ORBS), and cash and marketable securities of $104 million. The Ether position equals 4.8% of the total ETH supply of 120.7 million tokens.
Weekly Ether Buys Continue
Bitmine acquired 7,391 ETH over the past week and has bought Ether every week since launching its Ether Treasury Strategy on June 30, 2025. The company also repurchased 3 million shares of common stock during the past week. That pushed total buybacks to more than 19 million shares since July 1, 2026 under its $4 billion repurchase program.
Chairman Thomas Lee said: "financial markets seem more focused on the recent softer inflation and jobs data"
Staking Revenue Grows on MAVAN
As of August 9, Bitmine held 5,067,309 staked ETH worth $9.8 billion at $1,928 per token. Its staking business generated a 7-day annualized yield of 2.63%, with projected annualized revenue of $257 million. The staking runs through MAVAN, an institutional-grade platform Bitmine built for its own treasury that it now intends to expand to serve institutional investors, custodians and other ecosystem partners.
Source: Investing.com
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