Bitmine repurchased 2.04 million shares last week.
Bitmine has repurchased a total of 22.9 million shares since the beginning of 2026, which is the largest-scale share repurchase ever implemented by a cryptocurrency treasury company to date.
Bitmine holds 4.95% of the total supply of ETH, which is the corresponding share of 122.2 million coins.
In just 15 months, Bitmine completed 99% of the "5% Alchemy" goal.
Bitmine released a message on October 7th titled "The Rise of Cryptocurrencies is in Progress – This Cycle Could Be the Biggest One Yet" by the Chairman.
Bitmine was included in the Russell 1000 index on June 26, 2026.
The Class A preferred stocks of Bitmine are listed on the New York Stock Exchange, with the code BMNP.
Bitmine holds 5,227,037 ETH and has pledged them. Calculated at $2,356 per ETH, the value is 1.23 billion US dollars. MAVAN ( Made in America VAlidator Network ) is a leading Ethereum staking platform for BMNR and institutional investors.
Bitmine holds Eightco (Nasdaq: ORBS) stocks worth $76 million; the company is now one of the few listed companies in the world that provide investors with an OpenAI indirect exposure.
The total value of cryptocurrency holdings, cash, and tradable securities of Bitmine, as well as the investment in “moonshots”, amounts to 15 billion US dollars. This includes 6.05 million ETH, 514 million US dollars in cash and tradable securities, and other crypto assets.
Bitmine continues to gain support from a group of leading institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, as well as private investor Thomas '.Tom' Lee, to support Bitmine in achieving its goal of obtaining 5% of the total ETH supply.
Norwalk, Connecticut, October 26, 2026 / PRNewswire / -- (New York Stock Exchange: BMNR ) Bitmine Immersion Technologies, Inc. ("Bitmine" or "the Company") is a company that is active in the Bitcoin and Ethereum networks and focuses on the long-term accumulation of investment cryptocurrencies. Today, it announced that its total assets, including cryptocurrencies, cash, tradable securities, and "moonshots" investments, amount to $15 billion.
As of 2:00 p.m. Eastern Time on October 25, 2026, the company's cryptocurrency holdings included 6,051,933 units of ETH, valued at $2,356 per unit (data source: Coinbase; NASDAQ: COIN), 215 bitcoins (BTC), a stake of $180 million in Beast Industries, a stake of $76 million in Eightco Holdings (NASDAQ: ORBS), as well as a total of $514 million in cash and tradable securities. The holding of ETH in Bitmine accounted for 4.95% of the total supply of ETH (with a total of 122.2 million units of ETH).
The cryptocurrency industry is being dragged down by the same factor of reduced risk appetite that has caused declines in stocks related to artificial intelligence. Unlike at the end of 2025 and the beginning of 2026, the pullbacks in cryptocurrencies have been relatively mild. ETH has fallen by 13% from its recent high, while U.S. semiconductor stocks ($SOXX) have fallen by 20% during the same period. We believe this further proves that the bull market for cryptocurrencies is still in progress, said Bitmine, the chairman of Thomas. Tom Lee
“Bitmine carried out a stock repurchase last week, purchasing 2.04 million shares at an average repurchase price of $22.48. If management believes that the stock of Bitmine is relatively undervalued, the company may continue with value-adding repurchases within the current repurchase authorization and when market conditions permit. Optimizing shareholder value remains our top priority,” Lee continued to state.
According to Lee, in 2026, Bitmine repurchased 22.9 million common shares at an average price of $17.48, for a total amount of $399.6 million. "This is the largest common share repurchase in the history of the cryptocurrency treasury company, reflecting our commitment to our shareholders."
"We believe that Bitmine has the potential to outperform the market during the crypto bull run we anticipate, as the company has strengthened its competitive position over the past year, which coincides with the crypto winter period," stated Lee.
Over the past week, we have newly acquired 10,452 units of ETH. Bitmine has an unrivaled record in continuous purchases of cryptocurrencies among all listed companies globally. Since the launch of the ETH treasury strategy on June 30, 2025, Bitmine has been purchasing ETH every week, Lee noted.
On October 7th, Bitmine released the latest information from the chairman, titled "The Crypto Bull Market is in Progress – This Cycle is Likely to Be the Largest Yet." The related presentation can be viewed on the Bitmine website (presentation link).
Earlier this year, Bitmine launched MAVAN (which includes Made, in, and America VAlidator Network), a platform for institutional-level staking. Initially designed to manage Bitmine's own Ethereum treasury, it has since expanded to serve institutional investors, custodians, and ecosystem partners seeking top-tier staking infrastructure. A portion of ETH from Bitmine has already been staked on the MAVAN platform.
As of October 25, 2026, the total amount of ETH pledged by Bitmine is 5,227,037 units, which, at a value of $2,356 per ETH, amounts to $1.23 billion. "The quantity of ETH pledged by Bitmine exceeds that of any other entity in the world. Assuming that all of Bitmine's ETH is pledged through MAVAN and its pledge partners, the annualized pledge rewards are expected to reach $368 million (based on a 7-day yield of 2.58% for BMNR). In contrast, if 5.2 million ETH units were pledged (which is 86% of the 6.05 million ETH held by Bitmine), the annualized pledge income would reach $318 million," Lee continued to state.
The scale of Bitmine's encrypted assets holds a leading position in both the Ethereum treasury market and the global treasury market, second only to Strategy Inc. The latter is reportedly holding 848,517 units of BTC, valued at approximately 74 billion US dollars. Bitmine remains the largest Ethereum treasury company in the world.
Management believes that the GENIUS legislation and the Crypto project of the U.S. Securities and Exchange Commission (SEC) will have a transformative impact on financial services in 2026, comparable to the impact of the United States' termination of the Bretton Woods system on August 15, 1971, and the abolition of the convertibility of the dollar to gold. This event in 1971 served as a catalyst for the modernization of Wall Street, giving rise to today's financial and payment infrastructure, as well as numerous iconic financial figures.
Chairman information available: https :// www.Bitminetech.io / chairmans-message
Full-year performance presentation for the fiscal year 2025 and institutional introduction available at: https :// Bitminetech.io / investor-relations /
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About Bitmine
Bitmine Immersion Technologies, Inc. (New York Stock Exchange: BMNR) and its subsidiaries ("Bitmine" or "the Company") are a blockchain technology infrastructure company whose business covers institutional-level digital asset pledging and verification services, Bitcoin mining, as well as digital asset strategic management. As the world's largest Ethereum treasury company, the Company implements innovative digital asset strategies for institutional investors and stock market participants. In addition to its Bitcoin mining business, the Company also provides institutional-level pledging and verification infrastructure, and thereby earns pledging rewards and verification income. Bitmine holds digital assets with the aim of generating revenue from these holdings 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-level pledging and verification platform MAVAN. The Company's business also includes investments in early-stage, promising projects in the blockchain field ("moonshot"), as well as mining, hosting, and consulting-related services.
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Forward-looking Statements Disclaimer
This press release contains “forward-looking statements” as defined by the U.S. Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical in nature and can typically be identified by words such as “expects”, “plans”, “believes”, “anticipates”, “estimates”, “may”, “will”, “should”, “thinks”, “is likely to”, etc. This press release particularly contains forward-looking statements regarding the following matters: (i) the company’s goal of acquiring 5% of the total ETH supply (“5% Alchemy” plan) and its progress; (ii) the company’s digital asset accumulation and treasury strategy, including continuing to purchase ETH on a weekly basis and the company’s position as the world’s largest ETH treasury company; (iii) the company’s intention to repurchase common shares when it believes they are relatively undervalued, the timing, scale, and value-added effects of the repurchases, as well as the company’s goal of optimizing shareholder value; (iv) the company’s collateral business, including an estimated annualized ETH collateral reward of approximately $368 million at full scale, as well as current annualized collateral income of approximately $318 million based on the current collateral ETH; (v) expansion to institutional investors, custodians, and ecosystem partners; (vi) management’s views on the state of the cryptocurrency market, including the belief that a crypto bull market is underway, that the current cycle may be the largest, and that the company is expected to outperform this bull market; (vii) the relative performance of ETH compared to U.S. semiconductor stocks and other risk assets; (viii) management’s belief that the GENIUS Act and the “SEC” are transformative for financial services; and (ix) statements regarding the value of the company’s cryptocurrencies, cash, tradable securities, and “moonshot” holdings.
These forward-looking statements involve significant risks and uncertainties, which may lead to substantial differences between actual results and the results expressed or implied.Factors that may lead to or contribute to such differences include, but are not limited to: the price of digital assets, particularly the extreme volatility and unpredictability of ETH and Bitcoin; the company's reliance on third-party quotation sources and disclosed market capitalization values, which can fluctuate significantly; changes in the market environment 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 “5% alchemy” target); the timing, scale, and terms of any stock repurchases, which will depend on market conditions, the company's common stock price, available capital, and the existing repurchase authorization conditions. The company has no obligation to repurchase a specific number of shares and may suspend or terminate repurchases at any time; the company's ability to finance business operations and MAVAN expansion; operational, security, and technical risks related to the company's pledging and verification activities, including network disruptions, cutbacks, cybersecurity vulnerabilities, and protocol changes; the risk that actual pledging earnings, rewards, and revenues may differ significantly from expected amounts, including because pledging earnings are volatile and the company may not pledge all of ETH; competition in the fields of digital asset management, pledging, and mining; the company's dependence on key personnel; regulatory changes that affect digital assets, blockchain technology, and pledging activities, including the implementation and interpretation of GENIUS legislation, SEC's Crypto projects, and other ongoing legislative or regulatory initiatives; actions taken by SEC, CFTC and other regulatory authorities; risks associated with the company's “moonshot” investments, including investments in Eightco Holdings and Beast Industries; macroeconomic factors, including inflation, interest rates, and overall economic conditions; changes to the Ethereum protocol; the performance of third-party service providers, trading platforms, custodians, and pledging partners; 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, and judgments regarding future events. Due to the aforementioned factors, as well as those described in the “Risk Factors” section of the company’s 10-K annual report for the fiscal year ending September 30, 2025 (filed on November 21, 2025), the company’s 10-Q quarterly reports, and other documents submitted to SEC, actual results may differ significantly from those expressed or implied. Copies of these documents are available for review at www.sec.gov and 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 release. Unless required by applicable law, Bitmine explicitly does not assume any obligation to update or revise forward-looking statements.
