Bitmine Announces $9.8B Crypto Holdings, $274M Preferred Stock Close, and Russell 1000 Index Inclusion
BMNR has more than doubled off its 52-week low of $3.92.
Summary
Bitmine updated its crypto and cash holdings to $9.8 billion, confirmed the closing of its $274 million preferred stock offering, and announced its inclusion in the Russell 1000 Large-cap Index.
Key Events · Financing and Capital Events · BMNR
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Total Crypto & Cash Holdings Update
Bitmine reported $9.8 billion in total crypto, cash, and marketable securities as of June 28, 2026, including 5.70 million ETH tokens (4.7% of total ETH supply). This represents a decrease from the $10.7 billion reported on June 22.
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Russell 1000 Index Inclusion
The company was added to the Russell 1000 Large-cap Index on June 26, 2026, a development expected to attract significant institutional investment and improve liquidity.
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Preferred Stock Offering Closed
Bitmine finalized its offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock at $80.00 per share, generating approximately $273.8 million in net proceeds. This follows the pricing announcement on June 5.
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Significant ETH Staking Operations
The company has 4,879,157 ETH staked, valued at $7.7 billion, with current projected annualized staking revenues of $211 million, potentially reaching $246 million at full scale.
Analysis · BMNR · Crypto Assets
This filing provides a comprehensive update on Bitmine's significant crypto asset strategy, including its substantial Ethereum holdings and projected staking revenues. The closing of the $274 million preferred stock offering strengthens its capital position. The inclusion in the Russell 1000 index is a major development expected to increase institutional investment and liquidity. While total crypto holdings saw a slight decrease from the prior update, the overall asset base remains robust and significantly exceeds the company's market capitalization.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 40.9% of the 1143 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.37%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BMNR was trading at $13.72 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $3.92 to $161.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.