Bitmine repurchased 2.04 million shares last week.

As of now, Bitmine has repurchased a total of 22.9 million shares in 2026, stating that this is the largest share repurchase in the history of the crypto asset treasury company.

Bitmine holds 4.95% of the total supply of ETH, which corresponds to a total supply of 122.2 million tokens.

In just 15 months, Bitmine has completed 99% of the " Alchemy of 5%" goal.

On October 7th, Bitmine released an open letter from the chairman, titled " Crypto Bull Underway — This Cycle Likely the Largest ".

Bitmine was included in the Russell 1000 Index on June 26, 2026.

The A-series preferred stocks of Bitmine are traded on the New York Stock Exchange under the code BMNP.

Bitmine has 5,227,037 ETH in a staked state. Calculated at $2,356 per ETH, they are worth 12.3 billion US dollars. MAVAN ( Made in America VAlidator Network ) is an Ethereum staking platform aimed at BMNR and institutional investors.

Bitmine holds shares of Eightco ( NASDAQ : ORBS ) worth $76 million. The company stated that Eightco is currently one of the few listed companies in the world that provide investors with an indirect exposure to OpenAI.

Bitmine indicates that the total value of its cryptocurrencies, cash, securities, and investments in “moonshot” reaches $15 billion, which includes 6.05 million ETH, $514 million in cash and securities, as well as other cryptocurrencies.

According to Bitmine, the company has continued to gain support from a group of well-known institutional investors, including Cathie Wood from ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital from ARK, as well as private investors Thomas, Tom, and Lee. This support helps the company achieve its goal of acquiring 5% of the total supply of ETH.

Norwalk, Connecticut, October 27, 2026 / PRNewswire / -- Bitmine Immersion Technologies, which is active in the Bitcoin and Ethereum networks and focuses on accumulating cryptocurrencies as a long-term investment, Inc. ( NYSE : BMNR, referred to as " Bitmine " or "the Company") today announced that the total value of cryptocurrencies, cash, securities, and " moonshot " investments held by the Company has reached $15 billion.

As of 2:00 PM Eastern Time on October 25, 2026, the company's holdings in crypto assets include: 6,051,933 units of ETH, valued at $2,356 per unit (according to Coinbase; NASDAQ : COIN); 215 bitcoins (BTC); a holding of $180 million in Beast Industries; a holding of $76 million in Eightco Holdings ($NASDAQ : ORBS), which is classified as a "moonshot" investment; and a total of $514 million in cash and marketable securities. The ETH holdings of Bitmine account for 4.95% of the total supply of 122.2 million units of ETH.

Cryptocurrencies have been affected by the same risk aversion sentiment that led to the selling of stocks related to AI. However, compared to the end of 2025 and the beginning of 2026, this round of crypto market corrections has been relatively mild. ETH has fallen by 13% from its recent high, while during the same period, the US semiconductor sector ($SOXX) has declined by 20%. We believe this further confirms the ongoing crypto bull market, said Bitmine's chairman Thomas. Tom Lee

Lee also states: 'Over the past week, Bitmine repurchased 2.04 million shares at an average price of $22.48. When management believes that Bitmine shares are relatively undervalued, the company intends to continue repurchasing shares as market conditions permit and in accordance with the existing repurchase authorization, in order to enhance the value per share. Maximizing value for shareholders remains our top priority.'

Bitmine indicates that in 2026, the company has repurchased 22.9 million common shares at an average price of $17.48 per share, for a total amount of $399.6 million. Lee states: "This is the largest ordinary share repurchase in the history of the crypto asset vault company, reflecting our commitment to our shareholders."

Lee indicates: "We believe that during this round of crypto bull market that we anticipate, Bitmine has the capability to outperform the market, as the company has strengthened its competitive position over the past year during the crypto winter, which is the bear market period."

Lee also indicates: 'Over the past week, we have purchased 10,452 ETH. No listed company in the world can continue to 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 released its latest public letter from the chairman on October 7th, titled Crypto Bull Underway — This Cycle Likely the Largest. Relevant presentation materials can be viewed on the Bitmine official website.

Bitmine indicates that at the beginning of 2026, the company launched MAVAN, which is Made in America VAlidator Network. This is its institutional-level staking platform. The platform was initially developed to support Ethereum wallets for Bitmine, and later expanded to serve institutional investors, custodian institutions, and ecosystem partners seeking professional-level staking infrastructure. A portion of the ETH held by Bitmine has already been staked on the MAVAN platform.

As of October 25, 2026, Bitmine has a total of 5,227,037 ETH in a pledged state. Calculated at $2,356 per ETH, this amounts to a value of 12.3 billion US dollars. Lee states: "The number of Bitmine pledged by ETH exceeds that of any other entity globally. If all Bitmine are ultimately pledged through MAVAN and its partners, and using a seven-day yield rate of 2.58% as per BMNR, the estimated annualized pledge reward would reach 368 million US dollars. In contrast, based on the current 5.2 million ETH that are pledged, the annualized pledge income is 318 million US dollars, which is equivalent to 86% of the 6.05 million ETH held by Bitmine."

Bitmine indicates that, based on the scale of encrypted asset holdings, the company ranks first among Ethereum wallet companies and second among global encrypted asset wallets, only behind Strategy Inc. It is reported that the latter holds 848,517 BTC, worth approximately 74 billion US dollars. Bitmine claims that the company remains the largest Ethereum wallet company in the world.

Bitmine Management believes that the GENIUS Act and the Project Crypto of the U.S. Securities and Exchange Commission (SEC) could have a transformative impact on the financial services industry in 2026, a significance that can be compared to the United States' termination of the Bretton Woods system on August 15, 1971, and the decoupling of the dollar from gold convertibility. The company states that the event of 1971 drove the modernization of Wall Street and contributed to the formation of today's large financial institutions and financial and payment infrastructures.

The chairman's open letter can be found at: https :// www.Bitminetech.io / chairmans-message

For the full-year performance presentation materials and company introduction for the fiscal year 2025, please refer to: https :// Bitminetech.io / investor-relations /

To receive updates, you can register here: 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 company whose business covers institutional-level collateralization and verification services for digital assets, Bitcoin mining, and strategic management of digital assets. As a global leader in Ethereum vault companies, Bitmine adopts innovative digital asset management strategies targeting institutional investors and investors in regulated markets. The Company provides institutional-level collateralization and verification infrastructure, generating rewards from collateralization and verification revenues, while also engaging in Bitcoin mining. Bitmine also strategically holds digital assets, generating income from these holdings to support liquidity and financing. Since 2025, the Company has 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 investing in high-potential early-stage blockchain opportunities, as well as providing mining assistance services, infrastructure management, and consulting services.

For more information, follow Bitmine on X: https :// x.com / bitmnr as well as https :// x.com / fundstrat.

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,” “should,” “considered,” “likely,” “prepared,” 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 of acquiring 5% of the total supply of ETH through the “Alchemy of 5%” plan, and the progress made towards that goal; (ii) the company's strategy for accumulating and managing its digital asset treasury, including continuing to buy ETH on a weekly basis, as well as the company's position as the world's largest ETH treasury; (iii) the company's intention to repurchase shares when management believes common stocks are relatively undervalued, as well as the timing, amount of such repurchases, the impact on per-share value, and the company's goal of optimizing shareholder value; (iv) the company's pledging business, including an estimated annualized pledging reward of approximately $368 million for the year ETH under the circumstance that all of the company's ETH are pledged, as well as an estimated annualized pledging income of approximately $318 million based on the currently pledged ETH; (v) expanding to service institution investors, custodian institutions, and ecosystem partners; (vi) management's assessment of the crypto market situation, including the belief that a bull market is underway, that the current cycle may be the largest in history, and that the company has the ability to outperform the market; (vii) the relative performance of ETH compared to U.S. semiconductor stocks and other risk assets; (viii) management's belief that GENIUS Act and SEC's Project Crypto will have a transformative impact on the financial services industry; and (ix) statements regarding the value of the cryptocurrencies, cash, securities held by the company, and “moonshot” investments.

These forward-looking statements involve significant risks and uncertainties, which may lead to material differences between actual results and the explicitly or implicitly stated content.Factors that may lead to or contribute to these differences include, but are not limited to: extreme and unpredictable price fluctuations in digital assets, including ETH and Bitcoin; the company's reliance on third-party pricing sources and disclosed market values, which may change significantly; changes in the market environment that affect the company's securities prices and trading volume; the company's ability to successfully implement its digital asset acquisition strategy and achieve the ETH accumulation targets (including the “Alchemy of 5%” target); the timing, amount, and method of any stock repurchases, which will depend on market conditions, the company's common stock trading price, available capital, and the existing repurchase authorization terms. 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 fund its business and MAVAN expansion; operational, security, and technical risks related to the company's pledging and verification business, including network failures, confiscation events, cybersecurity vulnerabilities, and changes to protocols; the risk that actual pledging earnings, rewards, and revenues may differ significantly from expected amounts, including changes in pledging yields, and the fact that not all of the ETH held by the company may be used for pledging; competition in the fields of digital asset vaults, pledging, and mining; the company's dependence on key personnel; regulatory developments related to digital assets, blockchain technology, and the pledging business, including the implementation and interpretation of GENIUS Act, SEC's Project Crypto and other regulatory rules or measures; actions by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), and other regulatory agencies; 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; third-party service providers, exchanges,The performance of hosting institutions and collateral partners; as well as 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 of this press release and reflect management’s current expectations, estimates, and opinions regarding future events. Due to the aforementioned factors, as well as those described in the “Risk Factors” section of the company’s Form 10-K annual report for the fiscal year ending September 30, 2025 (filed with SEC on November 21, 2025), the Form 10-Q quarterly report, and other documents submitted to SEC (which may be revised or updated from time to time), actual results may differ significantly from those expressed or implied. 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 law, Bitmine explicitly states that it has no obligation to update or revise forward-looking statements.