Bitmine Immersion Technologies ( BMNR ) indicates that its ETH holdings have exceeded 6 million coins, with total encrypted assets, cash, and tradable securities reaching 17.2 billion US dollars.
The company stated that it holds 4.9% of the total supply of ETH. Based on the current total supply of 122.1 million ETH, Bitmine has achieved 98% of its “5% alchemy” goal in just 15 months.
Bitmine also indicates that as of 3 p.m. Eastern Time on September 27, 2026, its crypto asset portfolio included 6,001,302 ETH, valued at $2,698 each; 213 bitcoins; a stake of $180 million in Beast Industries; a stake of $115 million in Eightco Holdings (Nasdaq ticker: ORBS); and a total of $672 million in cash and tradable securities.
The company stated that its ETH holdings account for 4.9% of the total supply of ETH.
"The total amount of ETH held by Bitmine has now exceeded 6 million coins. To reach this scale in less than 15 months is an impressive achievement. We have seen that holding nearly 5% of the total supply of ETH has brought about synergistic effects and positive network effects," said Thomas, the chairman of Bitmine. " Tom " Lee stated.
Lee also indicates that the company continues to see signs of a bull market in the crypto market since the end of June. "In our view, institutional allocation to crypto assets is still relatively low, and we believe they will increase their exposure in the last few months of 2026. With just over a week left until the end of the third quarter of 2026, Ethereum continues to expand its performance advantage as a macro asset. Since the beginning of this quarter, ETH has outperformed by 6,728 basis points, far exceeding other macro assets."
Tom Lee will also deliver an opening speech at the Korea Blockchain Week 2026 event to be held on September 30, 2026, at 11:20 a.m. (Seoul time) at Walkerhill Hotels & Resorts in Seoul. This 25-minute speech is part of the Korea Blockchain Week, which is one of the major conferences in Asia focusing on blockchain and digital assets.
Lee indicates: "Over the past week, we have purchased an additional 17,362 ETH. Bitmine's continuous buying record in cryptocurrencies is unmatched among all listed companies globally. Since launching the ETH treasury strategy on June 30, 2025, Bitmine has been purchasing ETH every week."
The company stated that on July 16, 2026, it released the latest Chairman's Message for July, titled " ETH is the cure for the Uncanny Valley of Wealth ".
Bitmine indicates that the company launched MAVAN (which includes Made, in, and America VAlidator Network) at the beginning of 2026. This is a collateral platform aimed at institutional investors. Initially designed to support the company's own Ethereum treasury, it has now expanded to provide services for institutional investors, custodians, and ecosystem partners seeking top-tier collateral infrastructure. A portion of ETH has already been collateralized on the MAVAN platform.
As of September 27, 2026, the total number of ETH tokens pledged on the Bitmine platform is 5,067,309, with a value of $13.7 billion when calculated at $2,698 per token. Lee states: "The quantity of ETH tokens pledged by Bitmine exceeds that of any other entity in the world. In a large-scale scenario—when the ETH of Bitmine are fully pledged through MAVAN and its pledging partners—the expected annualized pledge rewards could reach $424 million, based on a 7-day yield of 2.62% for BMNR."
Lee also indicates that the annualized pledge income is currently estimated to be 358 million US dollars. "And these 5.1 million ETH represent 84% of the 6 million ETH held by Bitmine. The pledge business of Bitmine has generated a 7-day yield of 2.62% (annualized)."
According to Bitmine, its stock is one of the most actively traded stocks in the United States. Based on data from Fundstrat, as of September 25, 2026, the average daily trading volume for this stock over the past five trading days was 1.1 billion US dollars, ranking it 94th among the 5,704 stocks listed in the United States, coming after Twilio Inc (93rd) and before Philip Morris International (95th).
The company stated that its holdings of crypto assets rank first in the Ethereum wallet and second globally, only behind Strategy Inc. The latter is said to hold 845,080 Bitcoins, valued at approximately $75 billion. Bitmine remains the largest ETH wallet in the world.
Management believes that the GENIUS legislation and the Project Crypto aspect of SEC will have a profound impact on the financial services industry in 2026, similar to the impact of the United States ending the Bretton Woods system on August 15, 1971, which detached the dollar from the gold standard. The company states that this event in 1971 spurred the modernization of Wall Street and gave rise to today's financial and payment networks, and these investments have ultimately proven to be more rewarding than gold.
Regarding the Chairman's message, please refer to: https :// www.Bitminetech.io / chairmans-message
Full-year performance for the fiscal year 2025 and company introduction can be found at: https :// Bitminetech.io / investor-relations /
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About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE : BMNR) and its subsidiaries focus on blockchain technology infrastructure, providing institutional-level digital asset pledging and verification, Bitcoin mining, as well as digital asset strategic management services. The company claims to be a leader in global Ethereum treasury management, implementing innovative digital asset strategies for institutional investors and public market participants. In addition to Bitcoin mining, the company also provides institutional-level pledging and verification infrastructure and earns pledging rewards and verification income from these services. Bitmine holds digital assets with the aim of generating revenue from them to support liquidity and capital formation. Since 2025, the company has been continuously enhancing its blockchain infrastructure capabilities, including the development and deployment of its institutional pledging and verification platform MAVAN. The company's business also includes investments in early-stage blockchain projects ("moonshot" investments), as well as related mining, hosting, and consulting services.
Forward-looking Statements Warning
This press release contains “forward-looking statements” as defined by the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not purely historical in nature and can typically be identified by words such as “expected,” “planned,” “intended,” “believed,” “anticipated,” “estimated,” “predicted,” “targeted,” “will,” “should,” “may,” etc., as well as their negative forms or similar expressions.Forward-looking statements in this press release specifically include: the company's goal of acquiring 5% of the total ETH supply (“5% Alchemy” plan) and the statement that 98% of this goal has been achieved within 15 months; the company's digital asset accumulation and treasury strategy, which includes continuous weekly purchases of ETH since the launch of the ETH treasury strategy on June 30, 2025, as well as the company's position as the world's largest ETH treasury; the company's staking business, which includes staking operations conducted entirely through MAVAN and its staking partners in ETH, and with an assumed 7-day yield of 2.62% for BMNR, the company expects an annualized ETH staking reward of approximately $424 million, as well as current annualized staking income of about $358 million; the plan to expand MAVAN to provide first-class staking infrastructure for institutional investors, custodians, and ecosystem partners, and the intention to position it as the preferred BMNR and institutional investor Ethereum staking destination; the statement that ETH has performed the strongest among macro assets so far in the third quarter of 2026, outperforming the S&P 500 by 6,728 basis points; management's belief that institutional allocation to crypto assets is still low and the expectation that institutional investors will increase their exposure to crypto assets in the last few months of 2026; management's belief that a crypto bull market has formed since the end of June; management's view that the GENIUS legislation and the “Project Crypto” of SEC will have a similarly profound impact on the financial services industry in 2026 as the end of the Bretton Woods system in 1971, and that investments resulting from this will be more profitable than those in gold; statements regarding the company's investments, including its investment in Eightco Holdings ( NASDAQ : ORBS ), which provides investors with an indirect exposure to OpenAI, as well as the company's holding of $180 million in Beast Industries;As well as statements regarding the company's encrypted assets, cash, tradable securities, and the value of holdings of “moonshot”, including a total portfolio value of $17.2 billion and the fact that ETH accounts for 4.9% of the total supply.
These forward-looking statements involve significant risks and uncertainties, which may lead to substantial differences between actual results and the results stated or implied in these statements.Factors that may lead to differences include, but are not limited to: the price of digital assets, particularly the extreme volatility and unpredictability of ETH and Bitcoin, as well as the speculative nature of investing in these assets; historical ETH price trends, technical analysis indicators, and performance relative to other macro assets may not repeat or predict future performance; the company relies on third-party quotation sources (including Coinbase) and disclosed market values to calculate the value of its crypto assets, cash, tradable securities, and “moonshot” holdings, which may fluctuate significantly after the date and time of this press release; changes in market conditions that affect the price and trading volume of the company's common stock and Class A preferred stock, as well as the risk that inclusion in the Russell 1000 index may not bring the expected returns; the company's ability to successfully execute its digital asset acquisition strategy, continue to maintain a record weekly ETH buying momentum, and achieve the ETH accumulation targets, including the “5% Alchemy” target; the company's ability to fund its business, Ethereum treasury operations, and MAVAN expansion; operational, security, and technical risks related to the company's staking and verification business, including network disruptions, penalty reductions, cybersecurity vulnerabilities, and protocol changes; the actual staking participation rate, rewards, and income may differ significantly from the forecasts in this press release, which are based on a 7-day yield and assume that ETH staking is completed in full on a large scale; competition in the digital asset treasury, staking, and mining industries; the company's dependence on key personnel, especially its executive team; regulatory changes affecting digital assets, blockchain technology, and staking businesses in the United States and globally, including the final passage, implementation, and interpretation of the GENIUS Act and other pending bills and regulatory measures; actions taken by SEC, CFTC, and other regulatory agencies regarding digital assets and related activities; and the company's investment risks in early-stage blockchain opportunities.Including investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) as well as Beast Industries; macroeconomic factors such as inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and the overall economic environment that affects investors' sentiment towards digital assets; the unpredictability of the crypto market cycles and the accuracy of management's forecasts regarding institutional participation; changes to the Ethereum protocol, including staking mechanisms, validator requirements, and reward structures; the performance of third-party service providers, trading platforms, custodians, and staking partners; the risks associated with the company's concentration of assets in digital currencies, particularly Ethereum; and other risk factors described in the documents submitted by the company to SEC.
The forward-looking statements in this press release are based on information available to management as of the date of issuance and reflect management’s current expectations, estimates, projections, judgments, and beliefs regarding future events and circumstances. Due to the aforementioned factors, as well as other factors mentioned in the “Risk Factors” section of the company’s 10-K annual report for the fiscal year ending September 30, 2025, the documents submitted to SEC on November 21, 2025, the quarterly 10-Q reports, and other documents periodically submitted to SEC, actual results may differ significantly from those stated or implied in the forward-looking statements. These documents can be found on the SEC website at www.sec.gov, as well as on the company’s website at https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on forward-looking statements, which are only valid as of the date of this document. Except as required by applicable laws or regulations, Bitmine explicitly does not assume any obligation or commitment to update, revise, or supplement forward-looking statements to reflect expected changes or changes in the events, conditions, or circumstances on which such statements are based.
