Bitmine adds 9,926 ETH to treasury, bringing total holdings to 5.8 million tokens

Aug 17, 2026

Bitmine Immersion Technologies expands its Ethereum treasury to 5,815,164 ETH, worth approximately $11 billion, after acquiring 9,926 ETH. This purchase brings the firm to 4.8% of Ethereum's circulating supply, nearing its 5% target. Bitmine stakes 87% of its holdings through its MAVAN platform, projecting $250 million in annualized revenue. Chairman Tom Lee attributes the rising ETH/BTC ratio to tokenization and agentic-AI applications.

Bitmine Ethereum treasury accumulation

▪Bitmine Immersion Technologies holds 210 Bitcoin, a $180 million stake in Beast Industries, a $73 million stake in Eightco Holdings, and $78 million in cash and marketable securities.
▪Bitmine Immersion Technologies' total Ethereum holdings of 5,815,164 ETH are valued at approximately $11 billion, representing 4.8% of Ethereum's circulating supply of 120.7 million tokens.
▪Bitmine Immersion Technologies' weekly Ethereum purchases included a direct acquisition of 10,000 ETH from the Ethereum Foundation in April 2026, alongside acquisitions of $214 million in June 2026 and $49 million in July 2026.
▪Bitmine Immersion Technologies purchased the 9,926 ETH at prices ranging from $1,893 to $1,904 per token, representing an acquisition cost of approximately $18.8 million to $18.9 million.
▪Bitmine Immersion Technologies added 9,926 ETH to its treasury during the week ending August 16, 2026, bringing its total holdings to 5,815,164 ETH.

Alchemy of 5% supply target

▪Bitmine Immersion Technologies launched its systematic weekly Ethereum accumulation strategy on June 30, 2025, to achieve its 5% supply target.
▪Bitmine Immersion Technologies is 96% of the way toward its 'Alchemy of 5%' target, which aims to control 5% of Ethereum's total circulating supply.

MAVAN staking operations

▪Bitmine Immersion Technologies has staked 5,067,309 ETH, valued at approximately $9.6 billion, through its proprietary Made in America Validator Network (MAVAN) platform and staking partners.
▪Bitmine Immersion Technologies' staked Ethereum represents approximately 87% of its total holdings, which removes a significant portion of the token's active circulating float.

ETH/BTC ratio technical breakout

▪Bitmine Immersion Technologies Chairman Tom Lee stated that the ETH/BTC ratio broke above its long-term downtrend to reach 0.02994, signaling market anticipation of tokenization and agentic-AI applications.
▪Bitmine Immersion Technologies Chairman Tom Lee projected that easing financial conditions and increased blockchain utilization by Wall Street and agentic-AI will serve as tailwinds for the ETH/BTC ratio.

Share buyback program

▪Bitmine Immersion Technologies has repurchased a total of 20.8 million common shares since July 1, 2026, as part of its ongoing capital return program.
▪Bitmine Immersion Technologies repurchased 1.7 million common shares during the week ending August 16, 2026, under its authorized $4 billion share buyback program.

Staking revenue projections

▪Bitmine Immersion Technologies' staking strategy via the MAVAN platform secures the Ethereum network while converting dormant treasury assets into productive yield-generating holdings.
▪Bitmine Immersion Technologies projects that its staked Ethereum holdings will generate annualized staking revenues of $250 million.