Bitmine Immersion Technologies ( NYSE : BMNR ) announced on the 5th that as of October 4, 2026, its total holdings of crypto assets, cash, tradable securities, and “Moonshot” amounted to 17.4 billion US dollars.

The company stated that as of 6:30 p.m. Eastern Time on October 4th, its crypto asset portfolio included 6,016,414 units of ETH, valued at $2,726 per unit; 214 bitcoins (BTC); a holding of $180 million in Beast Industries; a holding of $117 million in Eightco Holdings (NASDAQ : ORBS), which the company classified as "Moonshot" assets; and a total of $643 million in cash and tradable securities.

Bitmine indicates that its ETH holdings are equivalent to 4.9% of the total 122.1 million Ether in circulation.

Bitmine Chairman Thomas ( Tom ) Lee states that, in his view, the cryptocurrency market is entering a bull cycle. It is worth emphasizing Bitmine the performance of ETH during the bear market cycle from 2025 to 2026. He mentioned that in the first nine months of 2026, ETH fell by 10%, while BMNR only fell by 3%, which is equivalent to outperforming by 731 basis points.

Lee also indicates that the performance of BMNR's stock price reflects the company's commitment to enhancing shareholder returns. It is mentioned that the company has taken a number of measures, including 'the largest cryptocurrency vault repurchase in history', with 21 million shares repurchased in 2026 alone.

He also stated that ETH outperformed the S&P 500 index by 6,832 basis points in the third quarter of 2026, despite facing macroeconomic headwinds such as a “tough” Federal Reserve policy, soaring oil prices, rising global bond yields, and tightening financial conditions. Lee mentioned that since the beginning of this quarter, ETH has significantly outperformed other macro assets.

Tom Lee will also deliver a 20-minute keynote speech at the Token2049 conference to be held at Marina Bay Sands in Singapore at 10 a.m. on October 7th. Token2049 is one of the largest cryptocurrency conferences in the world.

Lee indicates that in the past week, the company purchased an additional 15,112 units of ETH. It is also stated that since the launch of the ETH vault strategy on June 30, 2025, Bitmine has been purchasing ETH on a weekly basis.

The company stated that it will release the Lee Chairman's Letter for October this week, titled "The Rise of Cryptocurrencies is Fully Underway, and This Cycle Could Be the Largest Ever."

Bitmine indicates that the company launched MAVAN (which includes Made, in, and America VAlidator Network) at the beginning of 2026. This is a staking platform aimed at institutional investors. The platform was initially used to support Bitmine's own Ethereum wallet, and later it was expanded to serve institutional investors, custodians, and ecosystem partners seeking top-tier staking infrastructure. The company stated that some of its ETH have already been staked on MAVAN.

As of October 4, 2026, the total amount of ETH pledged for Bitmine is 5.067309 million, valued at $13.8 billion at a price of $2,726 per coin. Lee indicates that the quantity of ETH pledged by Bitmine exceeds that of any other entity in the world; after full expansion, that is, when all of Bitmine's ETH has been pledged through MAVAN and its pledge partners, the expected annualized pledge premium for ETH is projected to reach $431 million, based on a 7-day yield of 2.63% for BMNR.

It is also mentioned that the current annualized pledge income is estimated to be $363 million, and these 5.067 million ETH coins account for 84% of the 6.0164 million ETH coins held by Bitmine. He stated that the pledge business of Bitmine achieved an annualized yield of 2.63% over a period of 7 days.

Bitmine is also known to be one of the most actively traded stocks in the United States. According to Fundstrat data, as of October 2, 2026, the average daily trading volume for this stock was 827 million US dollars, ranking it 125th among the 5,704 listed stocks in the US, situated after Bristol and Myers Squibb Co, but before Schlumberger NV.

The company stated that its encrypted asset vault ranks first among Ethereum vaults and second globally, only behind Strategy Inc. ( NASDAQ : MSTR ). The latter is said to hold 847,666 BTC, worth approximately $78 billion. Bitmine claims to still be the largest ETH vault in the world.

Management believes that the GENIUS legislation, as well as the Crypto project of the U.S. Securities and Exchange Commission (SEC), will have a transformative impact on financial services in 2026 that is as profound as the U.S. decision to end the Bretton Woods system on August 15, 1971, and decouple 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.

Bitmine also provided links to the chairman's letter, an introduction to the company's performance for the fiscal year 2025, and a company profile in the announcement, and reminded investors that they could subscribe to the latest news on the official website.

In the "About Bitmine" section, the company states that Bitmine Immersion Technologies and its subsidiaries focus on blockchain technology infrastructure, providing institutional-level staking and digital asset verification services, Bitcoin mining, as well as strategic digital asset management. The company claims to be a leader in the field of Ethereum wallet management globally, implementing innovative digital asset strategies for institutional investors and public market participants. In addition to Bitcoin mining, the company also provides institutional-level staking and verification infrastructure, and generates staking rewards and verification income from these services. Bitmine indicates that its goal in holding digital assets is to generate revenue from them in order to support liquidity and capital formation. Since 2025, the company has been continuously strengthening its blockchain infrastructure capabilities, including the development and deployment of its institutional staking 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.

The announcement includes a forward-looking statement disclaimer at the end. The company states that the statement covers its goal to acquire 5% of the total supply of ETH, the continuous weekly purchases of ETH, its position as the world's largest ETH vault, the expected annualized rewards and revenues after the scaling of the staking business, the expansion of MAVAN, judgments regarding the crypto market and stock price performance, the performance of ETH compared to the S&P 500 and other macro assets, the impact of the GENIUS legislation and the SEC Crypto project, as well as the value of the company's crypto assets, cash, tradable securities, and Moonshot holdings.

The company also notes that the relevant risks include sharp fluctuations in the prices of digital assets, changes in third-party quotes and market capitalization, changes in the market environment, financing capabilities, operational and security risks associated with pledging and verification services, discrepancies between actual pledged earnings and expectations, industry competition, dependence on key personnel, regulatory changes, actions by institutions such as SEC and CFTC, investment risks related to Moonshot, macroeconomic factors, changes in the Ethereum protocol, as well as the performance of third-party service providers, exchanges, custodians, and pledging partners.

Bitmine indicates that forward-looking statements are based solely on the information available to management at the time of the announcement, and the company assumes no obligation to update or revise these statements except as required by law.