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.
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.