Bitmine Immersion Technologies (BMNR) Releases July Chairman's Message: "ETH is the cure for the 'Uncanny Valley of Wealth'"

Rhea-AI Summary

Bitmine Immersion Technologies (NYSE: BMNR) released its July Chairman's Message, highlighting that Bitmine owns 4.8% of the total Ethereum (ETH) coin supply of 120.7 million and is 96% of the way to its stated goal of accumulating 5% of ETH within 12 months.

According to Bitmine, the company was added to the Russell 1000 Large-Cap Index on June 26, 2026, and its Series A Preferred Stock trades on the NYSE under the symbol BMNP. The Chairman’s Message presents the view that Ethereum could be a key interface in an AI-driven economy and outlines how Bitmine is positioning itself within the Ethereum ecosystem for a potential next crypto upcycle.

Positive

• Owns 4.8% of ETH supply out of 120.7 million coins
• 96% progress toward 5% ETH accumulation goal within 12 months
• Added to Russell 1000 Large-Cap Index on June 26, 2026
• Series A Preferred Stock trading on NYSE under ticker BMNP

Negative

• Crypto markets in 2026 facing macro headwinds, including hawkish bond pricing and regulatory uncertainty

News Market Reaction – BMNP

+0.21%

+0.21% Session close to close

In the Jul 16 session, BMNP gained 0.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against the earlier crypto holdings update that moved 3....

Analysis

Set against the earlier crypto holdings update that moved 3.

Key Figures

ETH ownership share: 4.8% of ETH supply Total ETH supply: 120.7 million Progress to 5% ETH goal: 96% +2 more

5 metrics

ETH ownership share 4.8% of ETH supply Company-reported stake in total ETH coin supply

Total ETH supply 120.7 million Referenced total ETH coin supply

Progress to 5% ETH goal 96% Progress toward “Alchemy of 5%” ETH ownership target

Russell 1000 addition date June 26, 2026 Date Bitmine was added to Russell 1000 Large-cap index

Fiscal year reference Full Year 2025 Fiscal Full Year 2025 earnings presentation reference

Previous Crypto Reports

1 past event · Latest: Jul 06 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 06	crypto holdings update	Positive	+3.5%	Detailed ETH and BTC holdings plus preferred offering and index inclusion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

For prior crypto-tagged news, the single recorded event showed a positive reaction of 3.46%, indicating historically constructive responses to Bitmine’s crypto positioning updates.

Key Terms

tokenization, layer 2, agentic-ai, crypto winter

4 terms

tokenization financial

"2026 has seen much positive fundamental progress including many banks announcing tokenization of assets"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

layer 2 technical

"new Ethereum Layer 2 (L2) launches, such as Robinhood Chain"

Layer 2 is a secondary system built on top of a blockchain that handles transactions or computations off the main ledger to make the network faster and cheaper, like adding express lanes beside a busy highway so cars move more smoothly without rebuilding the road. For investors, layer 2 matters because it can increase real-world use, lower user fees, and change demand for tokens or services tied to the underlying blockchain, affecting project value and adoption risk.

agentic-ai technical

"an economy increasingly fueled by agentic-AI and soon, machine-to-machine"

An agentic AI is a software system that can set or accept goals, make plans, and take actions in the real world or digital environments with minimal human guidance—think of it as a junior employee given a task and the freedom to decide how to accomplish it. For investors, agentic AI matters because it can boost productivity and create new revenue streams, but it also changes risk profiles through higher development costs, potential errors or unintended actions, and evolving regulatory and liability issues.

crypto winter financial

"While many simply say just attribute this to 'crypto winter,' 2026 has seen much positive fundamental progress"

A prolonged period when cryptocurrency prices fall or stagnate, trading volumes drop, and overall market sentiment turns negative. It matters to investors because it can shrink the value of crypto holdings, reduce liquidity and fundraising for projects, and slow development and adoption—like a long winter that curtails economic activity and hiring in an industry until conditions improve.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/16/2026 - 08:30 AM

Bitmine owns 4.8% of the total ETH coin supply of 120.7 million

Bitmine is 96% of the way to the 'Alchemy of 5%' in just 12 months

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

NORWALK, Conn., July 16, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced the release of the July Chairman's Message titled "ETH is the cure for the 'Uncanny Valley of Wealth.'"

This Chairman message explains the company's belief that Ethereum is a critical interface to protect humans from the downstream implications of the increasing capabilities of AI and the resulting growing economic influence:

• The 'Uncanny Valley of Wealth' is the notion that humans will ultimately become unsettled by the growing economic and social power of an economy increasingly fueled by agentic-AI and soon, machine-to-machine. 
  
  
• This is a variant of the Japanese roboticist Masahiro Mori in 1970 who published the essay "Uncanny Valley." His hypothesis describes the unsettling feeling people often get when they encounter something that looks almost human.
  
  
• Crypto faced macro headwinds in 2026 including bond markets pricing a "hawkish" flip by global central banks, the slow progress of the Clarity Act, AI outperformance (aka FOMO, or fear of missing out) and underperformance of financials. As we move through 2026, we believe many of these headwinds could turn into tailwinds.
  
  
• While many simply say just attribute this to 'crypto winter,' 2026 has seen much positive fundamental progress including many banks announcing tokenization of assets, new Ethereum Layer 2 (L2) launches, such as Robinhood Chain. This is a contrast to the 2018 and 2022 crypto winters where regulatory headwinds and collapse of crypto institutions marked those declines.
  
  
• The Chairman believes that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI (as discussed above).
  
  
• The Chairman also discusses how Bitmine is positioning itself strategically for the important drivers of the next crypto upcycle supporting key infrastructure partners and strengthening the Ethereum ecosystem.

The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ 

To stay informed, please sign up at: https://Bitminetech.io/contact-us/ 

About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including the belief that macro headwinds faced by crypto in 2026 could turn into tailwinds; (iii) the Company's belief that Ethereum is a critical interface to protect humans from downstream implications of the increasing capabilities of AI, including the "Uncanny Valley of Wealth" thesis regarding the growing economic and social power of an economy increasingly fueled by agentic-AI; (iv) the Chairman's belief that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI; (v) the Company's belief regarding the positioning of Bitmine for the important drivers of the next crypto upcycle, including supporting key infrastructure partners and strengthening the Ethereum ecosystem; and (vi) the future growth and advancement of the Company's Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Bitmine Immersion Technologies, Inc.

FAQ

How much Ethereum does Bitmine (BMNP) control as of the July 2026 Chairman's Message?

Bitmine reports owning 4.8% of the total Ethereum (ETH) supply, based on a total coin supply of 120.7 million. According to Bitmine, this positions the company close to its longer-term ETH accumulation objective.

What is Bitmine's 5% ETH accumulation goal and how close is BMNP to achieving it?

Bitmine targets owning 5% of the total ETH supply and states it is 96% of the way to this goal within 12 months. According to Bitmine, this reflects its strategy of long-term crypto accumulation.

When was Bitmine (BMNP) added to the Russell 1000 Large-Cap Index?

Bitmine was added to the Russell 1000 Large-Cap Index on June 26, 2026. According to Bitmine, this index inclusion recognizes the company’s market-cap size and may increase visibility with institutional investors tracking the index.

On which exchange does Bitmine's Series A Preferred Stock trade and under what ticker (BMNP)?

Bitmine’s Series A Preferred Stock trades on the NYSE under the symbol BMNP. According to Bitmine, this preferred listing provides investors an additional way to gain exposure to the company alongside its common shares traded under BMNR.

What is the main thesis of Bitmine's July 2026 Chairman's Message about Ethereum and AI for BMNP investors?

The Chairman argues that Ethereum could be a key interface in an AI-driven, machine-to-machine economy. According to Bitmine, Ethereum may benefit from Wall Street blockchain adoption and agentic-AI trends, supporting its ETH accumulation strategy.

Where can BMNP shareholders access Bitmine's July 2026 Chairman's Message and recent earnings materials?

Bitmine directs readers to its Chairman’s Message at https://www.Bitminetech.io/chairmans-message. According to Bitmine, the Fiscal Full Year 2025 earnings presentation and corporate materials are available at https://Bitminetech.io/investor-relations/ for investor review.