Bitmine Achieves 5% ETH Target in 11 Months
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: PRnewswire
- Significant ETH Holdings: Bitmine currently holds 4,879,157 ETH valued at approximately $7.7 billion, representing 4.7% of the total ETH supply, positioning it as a leading entity in the crypto market and enhancing its influence.
- Successful Index Inclusion: On June 26, 2026, Bitmine was added to the Russell 1000 Large-cap Index, which is expected to attract hundreds to thousands of institutional investors as shareholders, thereby increasing the liquidity and market recognition of its stock.
- Preferred Stock Offering: Bitmine successfully issued 3.5 million shares of 9.5% preferred stock, raising net proceeds of approximately $273.8 million, which will provide financial support for the company's long-term growth and enhance its capital structure flexibility.
- Positive Future Outlook: Despite an 8% drop in ETH prices recently, Bitmine's management remains optimistic about the cryptocurrency market, believing it will benefit from infrastructure modernization and AI payment systems, and plans to continue expanding its ETH holdings.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 14.150
Low
39.00
Averages
43.00
High
47.00
Current: 14.150
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. Its business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support. It also operates Made-in America VAlidator Network (MAVAN).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitmine Accelerates ETH Investment Strategy
- Significant ETH Holdings: Bitmine currently holds 4,879,157 ETH valued at approximately $7.7 billion, representing 4.7% of the total ETH supply, which solidifies its strategic position in the crypto asset market for long-term investments.
- Listing Achievement: Bitmine was successfully included in the Russell 1000 Large-cap Index on June 26, 2026, which is expected to attract hundreds to thousands of institutional investors, enhancing its market recognition and shareholder base.
- Successful Preferred Stock Offering: Bitmine completed the public offering of 3.5 million shares of 9.50% preferred stock, generating a net proceeds of approximately $273.8 million, providing ample funding for further expansion and investments.
- Future Revenue Expectations: Bitmine's annual staking revenue from ETH is projected to reach $246 million, indicating strong growth potential in the crypto market and reflecting its leadership position within the industry.
See More
Eightco Updates Portfolio with OpenAI and Worldcoin Investments
- Portfolio Overview: As of July 1, 2026, Eightco's portfolio totals approximately $386 million, including a $90 million indirect investment in OpenAI, showcasing the company's strong positioning in the digital asset space.
- Worldcoin Listing: Worldcoin (WLD) is now listed on Robinhood, broadening its market reach, with Eightco holding over 283 million WLD, representing about 8.1% of the circulating supply, making it the largest institutional holder globally.
- AI Investment Outlook: Eightco's investment in OpenAI constitutes 23% of its cash assets, reflecting the company's confidence in the future of artificial intelligence, particularly against the backdrop of rapid growth in applications like ChatGPT.
- Creator Economy Engagement: Eightco has also invested $18 million in Beast Industries, which boasts over 500 million followers across social media, indicating the company's strategic positioning in the creator economy.
See More
Ethereum Institutional Launches for Market Engagement
- Organization Launch: Ethereum Institutional officially launches as an independent non-profit organization aimed at providing credible access for global financial institutions, facilitating their decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide financial backing to ensure the organization's long-term operation and expansion, reflecting strong market confidence in Ethereum.
- Market Influence: Ethereum currently hosts approximately $180 billion in stablecoins on its mainnet, accounting for about 60% of the total stablecoin supply, indicating its significant position in the financial market and potential for future growth.
- Strategic Development Focus: Ethereum Institutional will concentrate on five strategic areas, including institutional training, market intelligence, and standard-setting, with plans to establish offices in major financial centers like New York, London, Hong Kong, and Singapore to enhance its global influence.
See More
Eightco Updates Treasury Holdings and Prepares for IPO
- Treasury Overview: As of July 1, 2026, Eightco's total asset value is approximately $386 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries equity, 283 million WLD tokens, and $149 million in cash, showcasing its strong positioning in digital assets.
- Significance of OpenAI Investment: Eightco holds approximately 23% of its treasury assets in OpenAI through special purpose vehicles (SPVs), reflecting its commitment to the AI sector and potentially offering significant capital appreciation opportunities in the upcoming IPO.
- Market Position of Worldcoin: Eightco owns over 283 million WLD tokens, representing about 8.1% of the circulating supply, making it the largest publicly reported institutional holder globally, which positions it advantageously in the digital identity verification market, especially as AI technology becomes more prevalent.
- Investment in Creator Economy: Eightco's $18 million investment in Beast Industries, accounting for about 5% of its assets, taps into a consumer base of over 500 million, and as AI transforms content production, this investment will help Eightco capture a larger share of the creator economy market.
See More
Ethereum Institutional Launches for Institutional Investors
- Institutional Support Launch: Ethereum Institutional officially launches as an independent nonprofit organization aimed at providing a neutral collaboration platform for global financial institutions, facilitating their decisions in tokenization and stablecoins, which is expected to drive widespread adoption of the Ethereum ecosystem.
- Diverse Funding Sources: The involvement of investors such as Bitmine, Sharplink, and Ethereum co-founder Joe Lubin in the funding round ensures Ethereum Institutional has long-term financial backing to influence infrastructure decisions in the financial markets over the next 12 to 24 months.
- Significant Market Potential: With approximately $180 billion in stablecoins currently circulating on the Ethereum mainnet, accounting for 60% of the global stablecoin supply, this substantial market size provides Ethereum Institutional with ample business opportunities to enhance its influence in the financial sector.
- Global Expansion Strategy: Ethereum Institutional plans to establish offices in key financial hubs including New York, London, Hong Kong, and Singapore, with further expansion to Zurich, Frankfurt, Tokyo, and Abu Dhabi, aiming to provide broader services and support for institutional clients, thereby enhancing its competitiveness in the global market.
See More
Eightco Holdings Updates Asset Portfolio Information
- Portfolio Overview: As of July 1, 2026, Eightco Holdings' asset portfolio is valued at approximately $386 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries, 283 million WLD, and $149 million in cash, showcasing the company's strong positioning in digital assets.
- Digital Identity Investment: Eightco holds over 283 million WLD, representing about 8.1% of the circulating supply, making it the largest publicly disclosed institutional position globally, indicating the company's leadership in the digital identity space and laying the groundwork for future revenue growth.
- AI Strategy: Eightco's $90 million investment gives it a 23% stake in OpenAI, whose ChatGPT app reached 900 million weekly active users in February 2026, becoming the fastest-growing consumer technology globally, highlighting the immense market potential in the AI sector.
- Creator Economy Engagement: Eightco's $18 million investment in Beast Industries accounts for 5% of its assets, with the company leveraging MrBeast's influence to reach over 500 million users, indicating Eightco's strategic positioning in the creator economy to capitalize on future trends in content production.
See More
Bitmine Accelerates ETH Investment Strategy
- Significant ETH Holdings: Bitmine currently holds 4,879,157 ETH valued at approximately $7.7 billion, representing 4.7% of the total ETH supply, which solidifies its strategic position in the crypto asset market for long-term investments.
- Listing Achievement: Bitmine was successfully included in the Russell 1000 Large-cap Index on June 26, 2026, which is expected to attract hundreds to thousands of institutional investors, enhancing its market recognition and shareholder base.
- Successful Preferred Stock Offering: Bitmine completed the public offering of 3.5 million shares of 9.50% preferred stock, generating a net proceeds of approximately $273.8 million, providing ample funding for further expansion and investments.
- Future Revenue Expectations: Bitmine's annual staking revenue from ETH is projected to reach $246 million, indicating strong growth potential in the crypto market and reflecting its leadership position within the industry.
See More
Eightco Updates Portfolio with OpenAI and Worldcoin Investments
- Portfolio Overview: As of July 1, 2026, Eightco's portfolio totals approximately $386 million, including a $90 million indirect investment in OpenAI, showcasing the company's strong positioning in the digital asset space.
- Worldcoin Listing: Worldcoin (WLD) is now listed on Robinhood, broadening its market reach, with Eightco holding over 283 million WLD, representing about 8.1% of the circulating supply, making it the largest institutional holder globally.
- AI Investment Outlook: Eightco's investment in OpenAI constitutes 23% of its cash assets, reflecting the company's confidence in the future of artificial intelligence, particularly against the backdrop of rapid growth in applications like ChatGPT.
- Creator Economy Engagement: Eightco has also invested $18 million in Beast Industries, which boasts over 500 million followers across social media, indicating the company's strategic positioning in the creator economy.
See More
Ethereum Institutional Launches for Market Engagement
- Organization Launch: Ethereum Institutional officially launches as an independent non-profit organization aimed at providing credible access for global financial institutions, facilitating their decisions in tokenization and stablecoins, marking a significant maturation of the Ethereum ecosystem.
- Funding Background: Major investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin provide financial backing to ensure the organization's long-term operation and expansion, reflecting strong market confidence in Ethereum.
- Market Influence: Ethereum currently hosts approximately $180 billion in stablecoins on its mainnet, accounting for about 60% of the total stablecoin supply, indicating its significant position in the financial market and potential for future growth.
- Strategic Development Focus: Ethereum Institutional will concentrate on five strategic areas, including institutional training, market intelligence, and standard-setting, with plans to establish offices in major financial centers like New York, London, Hong Kong, and Singapore to enhance its global influence.
See More
Eightco Updates Treasury Holdings and Prepares for IPO
- Treasury Overview: As of July 1, 2026, Eightco's total asset value is approximately $386 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries equity, 283 million WLD tokens, and $149 million in cash, showcasing its strong positioning in digital assets.
- Significance of OpenAI Investment: Eightco holds approximately 23% of its treasury assets in OpenAI through special purpose vehicles (SPVs), reflecting its commitment to the AI sector and potentially offering significant capital appreciation opportunities in the upcoming IPO.
- Market Position of Worldcoin: Eightco owns over 283 million WLD tokens, representing about 8.1% of the circulating supply, making it the largest publicly reported institutional holder globally, which positions it advantageously in the digital identity verification market, especially as AI technology becomes more prevalent.
- Investment in Creator Economy: Eightco's $18 million investment in Beast Industries, accounting for about 5% of its assets, taps into a consumer base of over 500 million, and as AI transforms content production, this investment will help Eightco capture a larger share of the creator economy market.
See More
Ethereum Institutional Launches for Institutional Investors
- Institutional Support Launch: Ethereum Institutional officially launches as an independent nonprofit organization aimed at providing a neutral collaboration platform for global financial institutions, facilitating their decisions in tokenization and stablecoins, which is expected to drive widespread adoption of the Ethereum ecosystem.
- Diverse Funding Sources: The involvement of investors such as Bitmine, Sharplink, and Ethereum co-founder Joe Lubin in the funding round ensures Ethereum Institutional has long-term financial backing to influence infrastructure decisions in the financial markets over the next 12 to 24 months.
- Significant Market Potential: With approximately $180 billion in stablecoins currently circulating on the Ethereum mainnet, accounting for 60% of the global stablecoin supply, this substantial market size provides Ethereum Institutional with ample business opportunities to enhance its influence in the financial sector.
- Global Expansion Strategy: Ethereum Institutional plans to establish offices in key financial hubs including New York, London, Hong Kong, and Singapore, with further expansion to Zurich, Frankfurt, Tokyo, and Abu Dhabi, aiming to provide broader services and support for institutional clients, thereby enhancing its competitiveness in the global market.
See More
Eightco Holdings Updates Asset Portfolio Information
- Portfolio Overview: As of July 1, 2026, Eightco Holdings' asset portfolio is valued at approximately $386 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries, 283 million WLD, and $149 million in cash, showcasing the company's strong positioning in digital assets.
- Digital Identity Investment: Eightco holds over 283 million WLD, representing about 8.1% of the circulating supply, making it the largest publicly disclosed institutional position globally, indicating the company's leadership in the digital identity space and laying the groundwork for future revenue growth.
- AI Strategy: Eightco's $90 million investment gives it a 23% stake in OpenAI, whose ChatGPT app reached 900 million weekly active users in February 2026, becoming the fastest-growing consumer technology globally, highlighting the immense market potential in the AI sector.
- Creator Economy Engagement: Eightco's $18 million investment in Beast Industries accounts for 5% of its assets, with the company leveraging MrBeast's influence to reach over 500 million users, indicating Eightco's strategic positioning in the creator economy to capitalize on future trends in content production.
See More
