Bitmine Immersion Technologies, Inc. (NYSE: BMNR) reported total crypto, cash, marketable securities and “moonshot” holdings of $15.8 billion as of September 13, 2026, including 5,956,378 ETH, 212 BTC, $549 million in cash and marketable securities, and investments in Beast Industries and Eightco Holdings.

The company said its ETH holdings represent 4.9% of the total ETH supply of 122.0 million. Bitmine said it is 98% of the way toward its “Alchemy of 5%” goal after 15 months of acquisitions.

The announcement was issued from Norwalk, Connecticut, on Sept. 14, 2026, through PRNewswire. Bitmine describes itself as a Bitcoin and Ethereum network company focused on accumulating crypto assets for long-term investment.

As of 5:30 p.m. ET on Sept. 13, Bitmine’s ETH was valued at $2,513 per token, based on pricing from Coinbase (NASDAQ: COIN). The company’s holdings also included a $180 million stake in Beast Industries, a $98 million stake in Eightco Holdings (NASDAQ: ORBS), described as a “moonshot” investment, and $549 million in cash and marketable securities.

Bitmine said it remains supported by institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG and Galaxy Digital, as well as personal investor Thomas “Tom” Lee. The investors support the company’s goal of acquiring 5% of the total ETH supply.

ETH and ETH/BTC performance

Thomas “Tom” Lee, Bitmine’s chairman, said the ETH-to-BTC price ratio had reached its highest level since Jan. 30, 2026, and had established a new uptrend after breaking the trendline in place since the COVID-19 highs.

“In our view, this reflects Ethereum’s strengthened position as the settlement rails for Wall Street tokenization and the increased realization that Ethereum may play a critical central role in managing agentic-AI,” Lee said. “What is impressive is this strength in the absolute price of ETH and ETH/BTC taking place while global equities remain rangebound due to war risks and rising yields.”

Lee said ETH was the best-performing macro asset in the third quarter of 2026 through the previous Friday, outperforming the S\u0026P 500 by 5,866 basis points. He said ETH, SOL and BTC were the three best-performing assets since June 30.

“We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far,” Lee said.

Tom DeMark, founder of DeMark Analytics and a capital-markets adviser to Bitmine, said he expected ETH to make a sharp upward move in the coming weeks. According to DeMark: “In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect late August’s sharp one-day rally was a likely preview of the pending advance.”

Lee also cited what he described as several potential catalysts for the final months of 2026, including a CLARITY Act vote scheduled for mid-September, renewed crypto buying by Korean investors and a rotation away from AI stocks. He said, in his view, the four-year cycle was bottoming within the next few weeks and that this could precede sizable institutional crypto buying, particularly amid developments involving tokenization and agentic-AI.

“This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to Bitcoin,” Lee said. “These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains.”

Lee said Bitmine acquired 27,180 ETH during the previous week. He also said the company had purchased ETH every week since the launch of its ETH Treasury Strategy on June 30, 2025.

Korea Blockchain Week and company updates

Lee is scheduled to deliver the keynote at Korea Blockchain Week 2026 on Sept. 30 at 11:20 a.m. at Walkerhill Hotels \u0026 Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, which Bitmine described as one of Asia’s leading blockchain and digital-asset conferences. Additional information is available on the Korea Blockchain Week website.

On July 16, 2026, Bitmine released its latest Chairman’s Message for July 2026, titled “ETH is the cure for the Uncanny Valley of Wealth.” The company’s Chairman’s Message is available at

Earlier in 2026, Bitmine launched MAVAN, or the Made in America VAlidator Network, as an institutional-grade staking platform. The platform was initially developed for Bitmine’s Ethereum treasury but has expanded to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. A portion of Bitmine’s ETH is already staked through MAVAN.

As of Sept. 7, 2026, Bitmine reported 5,067,309 staked ETH, valued at $12.7 billion at an ETH price of $2,513. The company said this was more ETH than had been staked by any other entity in the world.

“At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $392 million on an annualized basis (using 2.62% 7-day BMNR yield),” Lee said.

Lee added that annualized staking revenue was then projected at $334 million. The 5.1 million ETH staked represented 85% of Bitmine’s 5.96 million ETH holdings, while the company’s own staking operations generated a seven-day yield of 2.62% on an annualized basis.

Bitmine’s Series A Preferred Stock trades on the New York Stock Exchange under the symbol BMNP. The company was added to the Russell 1000 large-cap index on June 26, 2026.

According to data from Fundstrat, Bitmine’s stock had an average daily dollar volume of $924 million based on a four-day average as of Sept. 11, 2026. Fundstrat ranked the stock No. 98 among 5,704 U.S.-listed stocks, behind Intuit Inc. at No. 97 and ahead of Verizon Communications at No. 99. The company cited Statista and Fundstrat research for the data.

Bitmine said its crypto holdings made it the No. 1 Ethereum treasury and the No. 2 global treasury, behind Strategy Inc. (NASDAQ: MSTR). Strategy reportedly owns 845,080 BTC valued at approximately $71 billion. Bitmine said it remained the world’s largest ETH treasury.

The company also owns $98 million of Eightco Holdings (NASDAQ: ORBS), which it described as one of the only publicly listed equities in the world providing investors with indirect exposure to OpenAI. Its other “moonshot” holding includes a $180 million stake in Beast Industries.

Bitmine management said the GENIUS Act and the Securities and Exchange Commission’s Project Crypto could be as transformational to financial services in 2026 as the U.S. action on Aug. 15, 1971, that ended the Bretton Woods system and removed the U.S. dollar from the gold standard 55 years ago. Management described that 1971 event as a catalyst for Wall Street’s modernization, including the creation of major financial institutions and financial and payment rails. The company said those developments proved to be better investments than gold.

Bitmine’s fiscal full-year 2025 earnings presentation and corporate presentation are available at Users can sign up for company updates at

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries, is a blockchain technology infrastructure company operating across institutional digital-asset staking and validation services, bitcoin mining and strategic digital-asset management.

The company describes itself as the world’s leading Ethereum Treasury company and said it implements a digital-asset strategy for institutional investors and public-market participants. Bitmine provides institutional-grade staking and validation infrastructure through which it earns staking rewards and validation income, alongside bitcoin-mining activities.

Bitmine holds digital assets as part of its strategy and generates yield on those holdings to support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including the development and deployment of MAVAN, its institutional staking and validation platform. Its activities also include investments in early-stage blockchain opportunities, referred to as “moonshot” investments, as well as ancillary mining, hosting and consulting services.

Additional information is available on X at https://x.com/bitmnr and https://x.com/fundstrat.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995, as amended. Statements that are not purely historical may generally be identified by terms including “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view” and “see,” similar expressions, their negatives or other comparable terminology.

The company said its forward-looking statements include its goal of acquiring 5% of the total ETH supply, known as the “Alchemy of 5%” initiative, and its statement that it is 98% of the way toward that goal after 15 months. They also include its digital-asset accumulation and treasury strategy, including continued weekly ETH acquisitions since the ETH Treasury Strategy began on June 30, 2025, and its status as the world’s largest ETH treasury.

Other forward-looking statements concern Bitmine’s staking operations, including projected annualized ETH staking rewards of approximately $392 million at scale if its ETH is fully staked by MAVAN and its staking partners using a 2.62% seven-day BMNR yield; projected annualized staking revenue of approximately $334 million; and the reported annualized seven-day yield of 2.62%.

The statements also cover MAVAN’s expansion to institutional investors, custodians and ecosystem partners; its intended role as a premier Ethereum staking destination for BMNR and institutional investors; and expectations regarding future ETH prices and market movements. These include DeMark’s expectation of a sharp upward move in ETH in the coming weeks, his view that August’s sideways trading implied a renewed upside move, and his statement that the prior one-day rally was likely a preview of a pending advance.

Forward-looking statements further include the company’s statements about ETH’s performance as the best-performing macro asset in the third quarter of 2026, its 5,866-basis-point outperformance of the S\u0026P 500, and the view that this could lead institutions to add to their crypto holdings.

They also include management’s view that potential catalysts for the final months of 2026 include the CLARITY Act vote scheduled for mid-September 2026, renewed crypto buying by Korean investors and their rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of significant institutional crypto buying during the final months of 2026, particularly because of tokenization and agentic-AI.

The company also identified as forward-looking its statements about the ETH/BTC ratio, including the claim that it had reached its highest level since Jan. 30, 2026, established a new uptrend, and could rise in the next crypto cycle as Wall Street tokenizes assets on blockchains and agentic-AI uses blockchains. Bitmine compared this potential cycle with earlier cycles driven by ICOs in 2017-2018, NFTs in 2020-2021 and stablecoins in 2025.

Additional forward-looking statements address Ethereum’s strengthened position as settlement infrastructure for Wall Street tokenization; the possibility that Ethereum could play a central role in managing agentic-AI; management’s belief that the GENIUS Act and SEC Project Crypto could transform financial services in 2026 as significantly as the end of the Bretton Woods system in 1971; and the belief that resulting investments will prove better than gold.

The statements also concern Bitmine’s investments, including its claim that its Eightco Holdings investment provides indirect exposure to OpenAI, its $180 million stake in Beast Industries, and the stated value of its combined crypto, cash, marketable securities and “moonshot” holdings of $15.8 billion, including ETH equal to 4.9% of the total ETH supply.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Risks include the extreme volatility and unpredictability of digital-asset prices, including ETH and Bitcoin, and the speculative nature of digital-asset investments. Historical ETH price movements, technical indicators, ETH/BTC trends and relative performance against other macro assets may not recur or may not indicate future performance.

The company relies on third-party pricing sources, including Coinbase, and reported market values when calculating its crypto, cash, marketable-securities and “moonshot” holdings. Those values may change materially after the date and time cited in the release. Market conditions may also affect the trading price and volume of Bitmine’s common stock and Series A Preferred Stock, and the company’s inclusion in the Russell 1000 index may not produce anticipated benefits.

Other risks include Bitmine’s ability to execute its digital-asset acquisition strategy, continue weekly ETH purchases and meet its ETH accumulation targets, including the “Alchemy of 5%” goal; its ability to finance business operations, Ethereum treasury operations and MAVAN’s expansion; and operational, security and technology risks associated with staking and validation, including network failures, slashing events, cybersecurity breaches and protocol changes.

Actual staking participation, yields, rewards and revenues may differ materially from the projected amounts, which are based on a seven-day yield and assume that ETH is fully staked at scale. Other risks include competition in digital-asset treasury, staking and mining; dependence on key personnel, including executives and advisers such as Tom DeMark; and regulatory developments affecting digital assets, blockchain technology and staking in the United States and elsewhere.

Those regulatory risks include the timing and outcome of the scheduled CLARITY Act vote and the enactment, implementation and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives. Actions by the SEC, the Commodity Futures Trading Commission and other regulators may also affect digital assets and related businesses.

Additional risks relate to Bitmine’s early-stage blockchain investments, including Eightco Holdings and Beast Industries; macroeconomic conditions such as inflation, interest rates, Federal Reserve policy, labor-market conditions, war risks, rising yields and broader economic conditions; investor behavior in Korea and other international markets; and the accuracy of technical-analysis predictions and management’s expectations regarding ETH prices, the ETH/BTC ratio, Ethereum’s role in tokenization and agentic-AI, and the effect of tokenization and agentic-AI applications on Ethereum.

The company also cited the unpredictability of cryptocurrency market cycles; uncertainty over whether the four-year cycle will bottom as anticipated and whether institutional participation will materialize; changes to the Ethereum protocol, including staking mechanics, validator requirements and reward structures; the performance of exchanges, custodians, staking partners and other third-party service providers; and risks arising from the concentration of Bitmine’s assets in digital currencies, particularly Ethereum.

The release said additional risks are described in Bitmine’s filings with the SEC. The forward-looking statements are based on information available to management as of the release date and reflect its current expectations, estimates, forecasts, projections, views and beliefs about future events and circumstances.

Actual results may differ materially because of the factors described above and in the risk factors section of Bitmine’s Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2025, filed with the SEC on Nov. 21, 2025, as well as the company’s Quarterly Reports on Form 10-Q and other SEC filings, as amended or updated. Copies of those filings are available at www.sec.gov and

Bitmine cautioned readers not to place undue reliance on forward-looking statements, which speak only as of the date they are made. The company expressly disclaimed any obligation or undertaking to update, revise or supplement those statements to reflect changes in its expectations or in the events, conditions or circumstances on which they are based, except as required by applicable law or regulation.