Bitmine Immersion Technologies said its total holdings stood at $11.4 billion as of August 16, with cash and marketable securities falling to $78 million from $482 million five weeks earlier while it continued buying ether and repurchasing shares. The company held 5,815,164 ETH valued at $1,893 each, plus 210 bitcoin, a $180 million stake in Beast Industries and a $73 million stake in Eightco Holdings. Bitmine said it bought 9,926 ETH over the past week and has purchased ETH every week since launching its Ethereum treasury strategy on June 30, 2025. It also said 5,067,309 ETH, or 87% of its holdings, were staked (locked to help secure the network for yield), with projected annualized staking revenue of $250 million. Chairman Thomas Lee said the company has staked more ETH than any other entity and argued the ETH/BTC ratio signals growing market attention to tokenization and agentic-AI applications, though the company classified those views as forward-looking and highlighted risks including digital asset volatility, financing needs, slashing (validator penalties) and concentration in a single cryptocurrency.