NORWALK, Conn., Sept. 21, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("Bitmine" or the "Company"), a Bitcoin and Ethereum network company focused on the accumulation of crypto for long-term investment, today announced that its combined crypto holdings, cash and marketable securities, and "moonshot" investments total $17.1 billion.

As of September 20, 2026, at 9:00 p.m. ET, the Company's crypto holdings comprised 5,983,940 ETH at $2,688 per ETH (per Coinbase), 212 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $105 million stake in Eightco Holdings (NASDAQ: ORBS) — the latter two categorized as "moonshots" — alongside total cash and marketable securities of $714 million. Bitmine's ETH holdings represent 4.9% of the total ETH supply of 122.1 million tokens, placing the Company 98% of the way toward its "Alchemy of 5%" goal in just 15 months.

The reported total combines liquid assets, digital assets, and private or strategic investments; the values of the crypto and marketable securities components are based on the stated prices and reporting date and can change after that time.

Key Highlights

• Bitmine owns 4.9% of the total ETH coin supply of 122.1 million and is 98% of the way to the "Alchemy of 5%" in just 15 months.
• ETH is the best-performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 6,519 basis points.
• Chairman Tom Lee will deliver the keynote at Korea Blockchain Week on September 30, 2026.
• Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026.
• Bitmine's Series A Preferred Stock is trading on NYSE under the symbol BMNP.
• Bitmine holds 5,067,309 staked ETH, representing $13.6 billion at $2,688 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors.
• Bitmine owns $105 million of Eightco (NASDAQ: ORBS), which the company describes as one of the only publicly listed equities in the world providing investors indirect exposure to OpenAI.
• Bitmine remains supported by a premier group of institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee, backing Bitmine's goal of acquiring 5% of ETH.

Lee Sees Bull Market and Institutional Rotation Ahead

"We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto, strengthening crypto fundamentals centered around both tokenization and AI and lastly, the ending of the 4-year cycle. With only little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen. Quarter to date, ETH is outperforming by 6,519bp, dwarfing other macro assets," stated Thomas "Tom" Lee, Chairman of Bitmine.

"To us, this massive outperformance of ETH in 3Q26 is viewed as a prelude to a potentially stronger up move in the 4th quarter of 2026. Given institutions have underweighted crypto in 2026, partially due to the outperformance of AI stocks in early 2026, we expect institutions to substantially increase their exposure in the final 3 months of 2026. We believe this could add meaningful upside to the gains seen since June 30th," continued Lee.

These views are management's expectations rather than reported outcomes. The company identifies digital-asset price volatility, the possibility that historical performance will not recur, and uncertainty about institutional allocation as risks to those expectations.

Korea Blockchain Week Keynote

Tom Lee will also deliver the keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. at Walkerhill Hotels & Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, one of Asia's leading blockchain and digital asset conferences. Additional information is available at

Unbroken Weekly Buying Streak

"Over the past week, we acquired 27,562 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of its ETH Treasury Strategy on June 30, 2025," stated Lee.

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 full message is available at

MAVAN Staking Operations

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), its institutional-grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, it has since expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of September 20, 2026, Bitmine's total staked ETH stood at 5,067,309 ($13.6 billion at $2,688 per ETH).

"Bitmine has staked more ETH than other entities 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 $421 million on an annualized basis (using 2.62% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $357 million. And this 5.1 million ETH is 85% of the 5.98 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.62% (annualized)," continued Lee.

The projected figures depend on staking participation, network conditions, validator performance, reward structures, and the continuation of the cited 7-day yield; they are not guarantees of future revenue.

Trading Volume and Treasury Rankings

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded an average daily dollar volume of $1.2 billion (5-day average, as of September 18, 2026), ranking #100 in the US — behind Eaton Corp (rank #99) and ahead of Ciena Corp (rank #101) — among 5,704 US-listed stocks, based on Statista and Fundstrat research.

Bitmine's crypto holdings rank as the #1 Ethereum treasury and the #2 global digital asset treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 845,080 BTC valued at approximately $75 billion. Bitmine remains the largest ETH treasury in the world.

Management Sees a 1971-Scale Regulatory Shift

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the US dollar off the gold standard 55 years ago. In the company's view, that 1971 event was the catalyst for the modernization of Wall Street, creating the iconic financial titans and the financial and payment rails of today — developments that, in hindsight, proved to be better investments than gold.

Company Resources

The Chairman's Message is available at The Fiscal Full Year 2025 earnings presentation and corporate presentation can be found at and readers can sign up for updates at

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries ("Bitmine" or the "Company"), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X: https://x.com/bitmnr and https://x.com/fundstrat.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include statements using terms such as "expects," "projects," "intends," "plans," "believes," "anticipates," "estimates," "forecasts," "targets," "goals," "may," "will," "would," "could," "should," "view," and "see," as well as similar expressions.

Forward-looking statements in this release include the Company's goal of acquiring 5% of the total ETH supply; continued weekly ETH acquisitions; the Company's status as the largest ETH treasury in the world; projected staking rewards and revenues; the expansion and intended use of MAVAN; management's belief that a crypto bull market is underway; expectations regarding ETH performance and institutional crypto exposure; management's view of the GENIUS Act and SEC Project Crypto; statements regarding the Company's Beast Industries and Eightco Holdings investments; and the stated values of the Company's crypto, cash, marketable securities, and "moonshot" holdings.

These 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; reliance on third-party pricing sources, including Coinbase; changes affecting the trading price and volume of the Company's securities; the Company's ability to execute its acquisition strategy and achieve the "Alchemy of 5%" goal; financing needs; operational, security, technological, cybersecurity, network, slashing, and protocol risks associated with staking and validation; differences between actual and projected staking participation, yields, rewards, and revenues; uncertainty regarding crypto market cycles and institutional allocation; competition; dependence on key personnel; regulatory developments and actions by the SEC, CFTC, and other authorities; risks related to early-stage investments; macroeconomic conditions; changes to Ethereum's protocol; performance of third-party providers, exchanges, custodians, and staking partners; concentration in digital assets, particularly Ethereum; and other risks described in the Company's filings with the SEC.

The forward-looking statements are based on information available to management as of the date of this release and reflect management's current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially based on the factors described above and in the Risk Factors section of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the SEC on November 21, 2025, the Company's Quarterly Reports on Form 10-Q, and other SEC filings, as amended or updated. Copies are available at www.sec.gov and The Company cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date made, and expressly disclaims any obligation to update them except as required by applicable law or regulation.