Bitmine Immersion Technologies Hits $9.8 Billion in Crypto Assets

As of June 28, 2026, Bitmine’s treasury includes 5,700,040 ETH, alongside 206 Bitcoin and $555 million in cash and marketable securities. The firm also maintains equity stakes in Beast Industries and Eightco Holdings. Chairman Thomas Lee described the current market climate as the early stages of a "crypto spring," despite recent volatility that saw ETH prices dip by 8% over the preceding week.

The company’s recent inclusion in the Russell 1000 Large-cap Index marks a shift toward broader institutional ownership. Management anticipates this index entry will attract a new wave of passive investment funds. Simultaneously, Bitmine is scaling its Made in America Validator Network (MAVAN), an institutional-grade platform currently managing over 4.8 million staked ETH. The firm projects annualized staking revenues to reach $211 million, with potential for further growth as the network matures.

Bitmine continues to leverage its Series A Preferred Stock, which trades on the NYSE under the ticker BMNP, to bolster its liquidity. Following a recent offering that raised $273.8 million in net proceeds, the company remains focused on long-term accumulation. Lee maintains that the integration of crypto rails into Wall Street infrastructure and the emergence of agentic-AI payment systems will serve as primary catalysts for the firm's growth throughout the remainder of 2026.