Bitmine Immersion Technologies ( BMNR ) announced that its ETH holdings have reached 6.02 million, with the total value of crypto assets, cash, and securities amounting to 17.4 billion US dollars.
Bitmine indicates that the company holds 4.9% of ETH, which accounts for 122.1 million out of the total Ethereum supply.
The company stated that in just 15 months, Bitmine has achieved 99% of its “Alchemy of 5%” goal.
Bitmine indicates that Chairman Thomas, Tom, and Lee will deliver keynote speeches at the Token2049 conference to be held in Singapore on October 7, 2026.
The company stated that Bitmine was incorporated into Russell on June 26, 2026, along with 1000 Large-cap and Index.
Bitmine indicates that its Series A preferred stocks are traded on the New York Stock Exchange, with the code BMNP.
The company stated that Bitmine currently has 5,067,309 ETH in a pledged state. Calculated at $2,726 per ETH, this amounts to a value of 13.8 billion US dollars. The company also mentioned that MAVAN (which includes Made, in, and America VAlidator Network) is an Ethereum pledging benchmark platform aimed at BMNR and institutional investors.
Bitmine also indicates that the company holds shares of Eightco ( NASDAQ : ORBS ) valued at $117 million, and refers to it as one of the few listed companies in the world that can provide investors with an indirect exposure to OpenAI.
The company stated that the total value of encrypted assets, cash, securities held by Bitmine, as well as investments in “moonshot”, amounts to 17.4 billion US dollars. This includes 6.02 million ETH, 643 million US dollars in cash and securities, as well as other encrypted assets.
Bitmine indicates that the company continues to receive support from a group of well-known institutional investors, including Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital from ARK, as well as individual investors Thomas, Tom, and Lee. This support helps the company achieve its goal of securing 5% of the total supply of ETH.
Norwalk, Connecticut, October 7, 2026 / PRNewswire / —— Bitmine Immersion Technologies, Inc. ( NYSE : BMNR, referred to as “Bitmine” or “the Company”) is a company that is active in the Bitcoin and Ethereum ecosystems, focusing on accumulating cryptocurrencies as a long-term investment. The Company announced today that the total value of its holdings in crypto assets, cash, securities, and “moonshot” investments has reached $17.4 billion.
The company stated that as of 18:30 Eastern Time on October 4, 2026, its holdings of crypto assets included 6,016,414 units of ETH, valued at $2,726 per unit; 214 bitcoins (BTC); holdings in Beast Industries worth $180 million; holdings in Eightco Holdings (NASDAQ : ORBS) worth $117 million, which are classified as "moonshot" investments; and a total of $643 million in cash and securities. Bitmine mentioned that its holdings of ETH account for 4.9% of the total 122.1 million ETH in circulation for Ethereum.
"We believe that as cryptocurrencies enter what we consider a bull market cycle, it is noteworthy that during the bear market from 2025 to 2026, Bitmine outperformed ETH relatively. In the first nine months of 2026, ETH fell by 10%, while BMNR fell by 3%, which represents an excess performance of 731 basis points." said Bitmine, the chairman of Thomas. "Tom" Lee stated.
Lee said: "In our view, the stock price performance of BMNR reflects the company's commitment to optimizing shareholder returns. We have achieved this through a number of measures, including carrying out the largest stock repurchase supported by a cryptocurrency fund to date, with 21 million shares repurchased in 2026 alone."
Lee indicates that: "Considering the significant macroeconomic headwinds of this quarter, including a 'hawkish' Federal Reserve, rising oil prices, increasing global bond yields, and a generally tighter financial environment, ETH outperformed the S&P 500 index by 6,832 basis points in the third quarter of 2026, which is worth noting. Since the beginning of this quarter, ETH has surpassed other macro assets, achieving an excess performance of 6,832 basis points."
Bitmine indicates that Tom Lee will also deliver a 20-minute keynote speech at the Token2049 conference to be held at Marina Bay Sands in Singapore on October 7th at 10:00 AM. The company stated that this event is part of the Token2049 agenda and referred to it as the largest cryptocurrency conference in the world.
Lee indicates: "Over the past week, we have purchased 15,112 units of ETH. No listed company in the world has been able to continuously buy cryptocurrencies like Bitmine. Since the launch of ETH Treasury Strategy on June 30, 2025, Bitmine has been buying ETH every week."
Bitmine indicates that the company will release the latest issue of "Chairman's Speech" for October 2026 this week, titled "The Cryptocurrency Bull Market is in Progress, and It Could Be the Most Important One Ever."
The company stated that Bitmine launched MAVAN at the beginning of 2026, which is Made in America VAlidator Network. This platform serves as its institutional-level staking solution. The company mentioned that it was initially designed to support the Ethereum fund repository of Bitmine, and later its scope was expanded to include service institution investors, custodian organizations, and ecosystem partners, providing them with professional-level staking infrastructure. Bitmine noted that a portion of the ETH held by the company has already been staked on the MAVAN platform.
As of October 4, 2026, the company has a total of 5,067,309 ETH in a pledged state. Calculated at $2,726 per ETH, this amounts to a value of 13.8 billion US dollars. Lee states: "The number of ETH pledged by Bitmine exceeds that of any other entity globally. Once all ETH have been pledged through MAVAN and its partners, with a 7-day yield of 2.63% as per BMNR, the estimated annualized pledged reward is expected to reach 431 million US dollars."
Lee also indicates: "Currently, the annualized income from staking is estimated to be 363 million US dollars. The 5.1 million ETH that have been staked account for 84% of the 6.02 million ETH held. For the staking business directly managed by Bitmine, the 7-day annualized yield is 2.63%."
Bitmine indicates that the company's stock is 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, after Bristol and Myers Squibb Co but before Schlumberger NV. The company states that the relevant data comes from statista.com and Fundstrat research.
The company stated that, based on the scale of its encrypted asset reserves, Bitmine ranks first among global Ethereum wallet companies and second among all global cryptocurrency wallets, only behind Strategy Inc. ( NASDAQ : MSTR ). Bitmine cited reports stating that the latter holds 847,666 BTC, worth approximately 78 billion US dollars. Bitmine claimed that the company remains the largest Ethereum wallet company in the world.
Bitmine Management believes that GENIUS Act and the Project Crypto of the U.S. Securities and Exchange Commission (SEC) may have a transformative impact on the financial services industry in 2026, a significance that can be compared to the end of the Bretton Woods system on August 15, 1971, when the U.S. decoupled the dollar from gold convertibility. The company states that the event of 1971 drove the modernization of Wall Street and gave rise to today's large financial institutions, financial infrastructure, and payment companies, which have since proven to be more profitable investments than gold.
The chairman's speech can be viewed at the following website:
https :// www.Bitminetech.io / chairmans-messageThe full-year performance report for the fiscal year 2025 and company introduction can be found at the following website:
https :// Bitminetech.io / investor-relations /To receive updates, you can register at the following website:
https :// Bitminetech.io / contact-us /About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE : BMNR) and its subsidiaries (collectively referred to as “Bitmine” or “the Company”) are a blockchain technology infrastructure enterprise, with business covering institutional-level collateralization and verification services for digital assets, Bitcoin mining, as well as strategic management of digital assets. The Company claims to be the largest Ethereum fund company in the world, adopting innovative digital asset management strategies for institutional investors and investors in regulated markets. The Company generates collateralization rewards and verification income through its institutional-level collateralization and verification infrastructure, while also engaging in Bitcoin mining operations. Bitmine indicates that the Company strategically holds digital assets and derives earnings from these assets to support liquidity and financing. Since 2025, the Company has further expanded its blockchain infrastructure capabilities, including the development and deployment of its institutional-level collateralization and verification platform MAVAN. The Company’s business also includes investments in high-potential early-stage blockchain opportunities, as well as mining support services, infrastructure management, and consulting services.
For more information, follow Bitmine on Platform X.
Forward-looking Statements Warning
This press release contains statements that constitute “forward-looking statements” in accordance with the Private Securities Litigation Reform Act of 1995 and its amendments. Forward-looking statements include all statements that are not purely historical facts and can typically be identified by words such as “expected,” “predicted,” “intended,” “planned,” “believed,” “estimated,” “possible,” “will,” “may,” “shall,” “should,” “considered,” or similar expressions.
Specifically, the forward-looking statements in this press release include, but are not limited to, the following: (i) the company's goal to acquire 5% of the total supply of ETH under the “Alchemy of 5%” plan; (ii) the company's strategy for accumulating and managing digital assets in its treasury, including continuous weekly purchases of ETH and the company's positioning as the world's largest ETH treasury; (iii) the company's staking activities, which are expected to result in an annualized staking reward of approximately $431 million after full implementation, as well as an annualized staking income of approximately $363 million at present; (iv) the expansion of MAVAN to service institution investors, custodian institutions, and ecosystem partners; (v) management's views on the state of the cryptocurrency market and the company's stock price relative to the ETH; (vi) the relative performance of ETH compared to the S&P 500 index and other macro assets; (vii) management's belief that GENIUS Act and SEC's Project Crypto may have a transformative impact on the financial services industry; and (viii) statements regarding the value of the company's crypto assets, cash, securities, and “moonshot” investments.
The company states that these forward-looking statements involve significant risks and uncertainties, which may lead to material differences between actual results and the expressed or implied content. Relevant factors include, but are not limited to: extreme and unpredictable price fluctuations of digital assets, including ETH and Bitcoin; the company's reliance on third-party pricing sources and reported market values, which may fluctuate significantly; changes in market conditions that affect the company's securities prices and trading volume; the company's ability to successfully execute its digital asset acquisition strategy and achieve the ETH accumulation targets (including the “Alchemy of 5%” target); the company's ability to fund its operations and MAVAN expansion; operational, security, and technical risks related to the company's staking and verification business, including network failures, confiscation events, cybersecurity vulnerabilities, and protocol changes; the risk that actual staking earnings, rewards, and revenues may differ significantly from predicted amounts; competition in the digital asset funds, staking, and mining industries; the company's dependence on key personnel; regulatory developments related to digital assets, blockchain technology, and staking activities, including the final approval, implementation, and interpretation of GENIUS Act and other legislative proposals; actions by SEC, CFTC and other regulatory authorities; risks associated with the company's “moonshot” investments (including Eightco Holdings and Beast Industries); macroeconomic factors such as inflation, interest rates, and overall economic conditions; any changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodian institutions, and staking partners; as well as other risk factors described in the documents submitted by the company to SEC.
Bitmine It should be noted that the forward-looking statements in this press release are based on information available to management at the date of issuance and reflect management's current expectations, estimates, and opinions regarding future events. Due to the aforementioned factors, as well as those mentioned in the company's Form 10-K annual report for the fiscal year ending September 30, 2025 (filed on SEC November 21, 2025), the company's Form 10-Q quarterly report, and other documents submitted to SEC, actual results may differ significantly from those implied or stated in these forward-looking statements. Copies of the relevant documents can be found at www.sec.gov and https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on forward-looking statements, which only reflect the circumstances as of the date they were made. Except as required by applicable laws, Bitmine explicitly states that it has no obligation to update or revise any forward-looking statements.
