$BMNP

BITMINE IMMERSION TECHNOLOGIES, INC. (BMNP) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.03 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $16.2 Billion Bitmine owns 4.9% of the total ETH coin supply of 122.1 million Bitmine is 99% of the way to the

Bitmine Immersion Technologies (BMNR) has accumulated $15.5B in Ethereum (ETH), about 4.9% of all ETH in circulation, but plans to stop buying once it reaches 5%. The company will shift to a yield-maximization strategy. SharpLink (SBET), holding 868,699 ETH, is the second-largest Ethereum treasury company. Ethereum ETFs hold $15B in ETH, providing some market support.

Bitcoin, Ethereum, XRP, and Dogecoin declined on Monday due to geopolitical uncertainty and upcoming inflation data. Bitcoin fell near $81,000 before rebounding, while Ethereum dropped to $2,400, down 10% over the week. Over $775 million in crypto positions were liquidated, with long traders losing heavily. Analysts suggest a pullback is not the end, with key levels identified for Bitcoin's potential recovery.

Bitmine's ETH holdings reached 6.03 million tokens, nearing its 5% target of Ethereum's supply. The company's treasury is valued at $16.2 billion, with staked ETH worth $12.9 billion. Chairman Thomas Lee expects a crypto upswing driven by tokenization and AI. BMNP preferred shares gained 24% since issuance, and the company is the largest Ethereum treasury.

Bitmine Immersion Technologies (BMNR) reported ETH holdings of 6.03 million tokens, valued at $16.2 billion, including $12.9 billion in staked ETH. Chairman Tom Lee expects a crypto bull market, citing strategic positioning and recent outperformance. BMNR's preferred stock (BMNP) gained 24% since issuance, outperforming Treasuries. The company holds significant crypto and cash reserves, with plans to expand staking and validation services.

Markets showed caution as oil and bond yields rose. Bitcoin fell below $83,000, while Micron (MU) and SanDisk (SNDK) shares declined. Bitmine (BMNR) bought $32M in ETH, and MicroStrategy (MSTR) acquired 250 bitcoin. IREN (IREN) secured a cloud services deal with Anthropic, boosting its shares.

Bitcoin-related stocks BitMine (BMNR), Strategy (MSTR), Strive (ASST), and BitGo (BTGO) are under scrutiny. MSTR fell 10% amid Bitcoin's retreat, with Saylor hinting at more purchases. Strive reports potential Bitcoin buys, holding 29,462 coins. BitMine's stock dropped with Ethereum, nearing its 5% holding target. BitGo faces a $141M legal battle, with Q2 revenue up 79.6% but a net loss of $19M.

BitMine Immersion Technologies (BMNR) completed a $350M stock buyback, repurchasing 21M shares. Executive Chairman Tom Lee called it the largest crypto stock buyback. The company, known for holding Ethereum, believes its stock is undervalued relative to its digital assets. BMNR's shares fell 3% while ETH declined 10% during the period. BitMine holds 6M ETH, nearly 4.9% of total supply, and generates $250M-$363M annually from staking.

BitMine Immersion Technologies (BMNR) will stop buying Ethereum (ETH) once it reaches 5% of total supply, leaving a demand gap. BitMine owns 6M ETH, valued at $15B, and needs 100,000 more. After the announcement, ETH price dipped 5%, and BMNR shares fell 6%. Ethereum ETFs have seen outflows, reducing demand. Staking and smaller firms cannot replace BitMine's buying power, creating uncertainty about future ETH demand.

Bitcoin (BTC) fell below $83,000 and Ethereum (ETH) dropped under $2,600 as Treasury yields rose, causing a crypto market sell-off. Crypto-related stocks like MicroStrategy (MSTR) and Bitmine Immersion (BMNR) also declined. Analysts Ali Martinez and Michaël van de Poppe noted potential buy signals for Bitcoin.