Thread by @BitMNR

🧵
1/5
BitMine disclosed latest crypto holdings. As of August 24th at 5:30pm ET:

- 1,713,899 $ETH,
- 192 Bitcoin ($BTC) and
- unencumbered cash of $562 million
- fully diluted shares outstanding 221,515,180

= BMNR NAV per share $39.84

Total NAV $8.8 billion.
BitMine is #2 largest crypto treasury behind @MicroStrategy $MSTR

Chairman: Thomas "Tom" Lee @fundstrat
Ticker: $BMNR

2/5
BitMine's Crypto NAV (net asset value) is $39.84 per $BMNR share:

- ETH $8.24 billion (1.7mm $ETH tokens)
- BTC $22 million (192 $BTC coins)
- treasury cash (unencumbered) $562 million
= NAV $8.82 billion

- fully diluted shares outstanding 221,515,180
= NAV per share $39.84 per $BMNR share

Chairman: Thomas "Tom" Lee @fundstrat
Ticker: $BMNR

3/5
BitMine has multiple ways to increase $ETH per share:

- issue common stock at a premium to ETH per share
- issue equity-linked securities to monetize volatility
- use income from operations to buy ETH
- earn staking rewards to invest into more ETH

Chairman: Thomas "Tom" Lee @fundstrat
Ticker: $BMNR

4/5
As we stated in our July 27th presentation and Chairman's message, ETH Treasuries are crypto infrastructure:

- $ETH is proof of stake, so $BMNR secures network
- ETH generates a staking yield, which is revs for BMNR
- staking and validating is a security operation
- any entity tokenizing stablecoins, stocks, or any RWA (real world assets) will ultimately want to stake ETH

Chairman: Thomas "Tom" Lee @fundstrat
Ticker: $BMNR
Presentation link: bitminetech.io/investor-relat…

5/5
Press release 📰🗞️dated August 25, 2025 is here
👇

Chairman: Thomas "Tom" Lee @fundstrat
Ticker: $BMNR
prnewswire.com/news-releases/…