NORWALK, Conn., Oct. 19, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its crypto, cash, marketable securities and “moonshot” holdings totaled $15.1 billion as of October 18, 2026.

The company reported holdings of 6,041,481 ETH, valued at $2,365 per ETH according to Coinbase (NASDAQ: COIN), along with 215 Bitcoin (BTC), $582 million in cash and marketable securities, a $180 million stake in Beast Industries and a $74 million stake in Eightco Holdings (NASDAQ: ORBS). Bitmine said its Eightco investment provides indirect exposure to OpenAI and is one of the only publicly listed equities in the world to offer such exposure.

Bitmine’s ETH holdings represent 4.9% of the total ETH supply of 122.1 million. The company said it is 99% of the way toward its “Alchemy of 5%” objective of acquiring 5% of the total ETH supply, a goal it has pursued for 15 months.

Bitmine said its institutional investor supporters include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee. Lee is also the company’s chairman.

Chairman’s comments

“The risk appetite of investors contracted in the past few weeks fueled by the worrying combination of AI funding and AI model safety; escalating US-Iran war activity; anxiousness in front of US midterm elections and generally rising bond yields around the world. This has triggered a selloff in AI stocks including semis and memory stocks, and has further led to selloffs in the Korean and Taiwan markets, both of which are dominated by semis and memory stocks,” Lee stated.

“Crypto is widely held in the US, Korea and Taiwan. So naturally, when investors in those regions de-risk, this creates spillover pressures in crypto markets. In the past, whenever fundamentals remain resilient and strong, while price declines, these have historically been attractive risk/reward opportunities. And given crypto’s positive exposure to both modernizing global financial system rails and to agentic-AI, we believe this will again prove to be the case,” Lee continued.

“We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market),” Lee said.

Lee also said Bitmine acquired 12,535 ETH during the past week. “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 the ETH Treasury Strategy on June 30, 2025,” he stated.

The company released its latest chairman’s message on October 7 under the title “Crypto Bull Underway — This Cycle Likely the Largest.” The message is available on Bitmine’s website.

ETH staking and MAVAN

As of October 18, 2026, Bitmine said it had 5,067,309 staked ETH, valued at approximately $12 billion at an ETH price of $2,365. The staked amount represents 84% of the company’s 6.04 million ETH holdings.

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

“MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors,” the company said.

“Bitmine has staked more ETH than other entities in the world. At scale (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $369 million on an annualized basis (using 2.58% 7-day BMNR yield). This compares to annualized staking revenues at $309 million based upon 5.1 million staked ETH (84% of the 6.04 million ETH held by Bitmine),” Lee said.

The company said its crypto holdings make it the number-one Ethereum treasury and the number-two global treasury, behind Strategy Inc. Bitmine said Strategy reportedly owns 848,250 BTC valued at approximately $74 billion. Bitmine described itself as the largest ETH treasury in the world.

Company profile and other announcements

Bitmine was added to the Russell 1000 large-cap index on June 26, 2026. Its Series A preferred stock trades on the New York Stock Exchange under the symbol BMNP.

The company’s fiscal full-year 2025 earnings presentation and corporate presentation are available at Bitmine’s investor-relations page.

Bitmine Immersion Technologies, Inc., together with its subsidiaries, describes itself as a blockchain technology infrastructure company operating across institutional digital-asset staking and validation services, bitcoin mining and strategic digital-asset management. The company says it implements a digital-asset strategy for institutional investors and public-market participants as an Ethereum treasury company.

Bitmine provides institutional-grade staking and validation infrastructure through which it earns staking rewards and validation income, alongside bitcoin-mining activities. It holds digital assets and generates yield on those holdings to support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including through the development and deployment of MAVAN, its institutional staking and validation platform.

Its activities also include investments in early-stage blockchain opportunities, which it calls “moonshot” investments, as well as ancillary mining, hosting and consulting services.

Bitmine said its management believes the GENIUS Act and the U.S. Securities and Exchange Commission’s Project Crypto could be as transformational to financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and removed the U.S. dollar from the gold standard 55 years ago. The company said that 1971 event helped catalyze the modernization of Wall Street and the development of the financial and payment rails used today.

Additional company information is available through Bitmine’s accounts on X: @bitmnr and @fundstrat.

Cautionary note on 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 that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “may,” “will,” “would,” “could,” “should,” “view,” “likely,” “positioned” or similar expressions.

The company said its forward-looking statements include its goal of acquiring 5% of the total ETH supply through the “Alchemy of 5%” initiative; its digital-asset accumulation and treasury strategy, including continued weekly ETH acquisitions and its status as the largest ETH treasury in the world; and its staking operations, including projected annualized ETH staking rewards of approximately $369 million at scale, assuming the company’s ETH is fully staked by MAVAN and its staking partners, and currently projected annualized staking revenue of approximately $309 million.

The statements also cover MAVAN’s expansion to serve institutional investors, custodians and ecosystem partners; management’s expectations regarding crypto market conditions, including its expectation of a coming crypto bull market and its view that the current cycle is likely to be the largest; management’s view that recent price declines represent attractive risk/reward opportunities; and its belief that Bitmine is positioned to outperform the crypto bull market.

Other forward-looking statements concern management’s views regarding the effects of investor risk appetite, AI funding and AI model safety, geopolitical events, U.S. midterm elections, bond yields, and Korean and Taiwanese market conditions on crypto markets. They also concern crypto’s exposure to modernizing global financial system rails and agentic AI, management’s belief that the GENIUS Act and SEC Project Crypto are transformational to financial services, and the value of Bitmine’s crypto, cash, marketable securities and “moonshot” holdings, including indirect exposure to OpenAI through the company’s investment in Eightco Holdings.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include the extreme volatility and unpredictability of digital-asset prices, including ETH and Bitcoin; Bitmine’s reliance on third-party pricing sources and reported market values, which may fluctuate materially; and changes in market conditions affecting the trading price and volume of the company’s securities.

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

The company also cautioned that actual staking yields, rewards and revenues may differ materially from projected amounts, including if its ETH is not fully staked. Other risks include competition in the digital-asset treasury, staking and mining industries; dependence on key personnel; regulatory developments affecting digital assets, blockchain technology and staking activities; the enactment, implementation and interpretation of the GENIUS Act and other pending legislation; and actions by the SEC, the Commodity Futures Trading Commission and other regulatory bodies.

Further risks relate to Bitmine’s “moonshot” investments, including its investments in Eightco Holdings and Beast Industries; macroeconomic and geopolitical factors such as inflation, interest rates, bond yields, military conflicts, elections and general economic conditions; volatility in AI-related and semiconductor equities and foreign markets, including Korea and Taiwan; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians and staking partners; and other risk factors described in the company’s filings with the SEC.

The forward-looking statements in the release are based on information available to management as of the release date and reflect management’s current expectations, estimates and beliefs concerning future events. Actual results may vary materially from those expressed or implied based on the factors described above and in the Risk Factors section of Bitmine’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 its other SEC filings, as amended or updated from time to time.

Copies of those filings are available at www.sec.gov and Bitmine’s investor-relations page. Bitmine cautioned readers not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. The company expressly disclaims any obligation to update or revise forward-looking statements except as required by applicable law.

Source: ChainWire