NORWALK, Conn., Aug. 17, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said on Aug. 16, 2026 at 9:30 p.m. ET that its crypto holdings, together with total cash and marketable securities and “moonshots,” totaled $11.4 billion.

The company said its holdings include 5,815,164 ETH valued at $1,893 per ETH, 210 bitcoin, a $180 million stake in Beast Industries, a $73 million stake in Eightco Holdings (NASDAQ: ORBS), and $78 million in cash and marketable securities. Bitmine said its ETH holdings represent 4.8% of the total ETH supply of 120.7 million ETH.

Bitmine said it owns 4.8% of the total ETH coin supply and is 96% of the way to its “Alchemy of 5%” goal after about 14 months. The company also said it bought 9,926 ETH over the past week and has purchased ETH every week since the launch of its ETH Treasury Strategy on June 30, 2025.

Thomas “Tom” Lee, chairman of Bitmine, said the ETH/BTC ratio was 0.02994 and rising, adding that it had moved above a long-term downtrend. He said the move reflects, in his view, markets beginning to recognize tokenization and agentic-AI applications, which he said should benefit Ethereum. Lee also said easing financial conditions would be “a tailwind for crypto.”

Lee said the ETH/BTC ratio has tended to rise during prior crypto bull cycles, which he said were driven by ICOs in 2017-2018, NFTs in 2020-2021 and stablecoins in 2025. He said he expects the ratio to rise in the next cycle because of Wall Street tokenization on blockchain and agentic-AI use of blockchains.

Bitmine said it repurchased 1.7 million shares of common stock in the past week and more than 20.8 million shares cumulatively since July 1, 2026, under its previously authorized $4 billion share repurchase program. Lee said the company continues to view its common shares as undervalued and said the buyback remains the largest ever executed by any Ethereum, bitcoin or crypto DAT, or digital asset treasury.

The company said it was added to the Russell 1000 Large-cap index on June 26, 2026, and that its Series A Preferred Stock trades on the New York Stock Exchange under the symbol BMNP.

Bitmine said it has 5,067,309 staked ETH, representing $9.6 billion at $1,893 per ETH. It described MAVAN, or the Made in America VAlidator Network, as a premier Ethereum staking destination for BMNR and institutional investors. The company said a portion of its ETH is already staked on MAVAN.

Lee said Bitmine has staked more ETH than any other entity in the world. He said that when Bitmine’s ETH is fully staked by MAVAN and its staking partners, projected annualized ETH staking rewards would be $287 million, using a 2.61% 7-day BMNR yield. He also said annualized staking revenue is now projected at $250 million.

Bitmine said its 5.1 million ETH is 87% of the 5.82 million ETH it holds, and that its own staking operations generated a 7-day yield of 2.61% annualized.

The company said its crypto holdings make it the largest ETH treasury in the world and the No. 1 Ethereum treasury overall, as well as the No. 2 global treasury behind Strategy Inc., which it said reportedly holds 840,447 BTC valued at approximately $58 billion. As Bitmine expands a treasury model that combines accumulation, staking and marketable securities, its disclosures are being watched for how much of that ETH can be put to work through validation infrastructure rather than held idle.

Bitmine said it remains supported by institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Thomas “Tom” Lee.

Earlier in 2026, Bitmine launched MAVAN, an institutional-grade staking platform. The company said MAVAN was originally developed to support its own Ethereum treasury, but is intended to expand to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure.

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 said the message is available at

Bitmine said its Fiscal Full Year 2025 earnings presentation and corporate presentation are available at and that investors can sign up for 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 said it is the world’s leading Ethereum treasury company and provides institutional-grade staking and validation infrastructure that generates staking rewards and validation income. Bitmine also said it holds digital assets strategically to generate yield and support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including the development and deployment of MAVAN. Its activities also include investments in early-stage blockchain opportunities 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 forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view,” “see,” or similar expressions, or the negative of those terms, or other comparable terminology.

This press release specifically contains forward-looking statements regarding, among other things: the company’s goal of acquiring 5% of the total ETH supply, which it calls the “Alchemy of 5%” initiative; its digital asset accumulation and treasury strategy; continued weekly ETH purchases; its status as the largest ETH treasury in the world; staking operations and projected annualized ETH staking rewards of about $287 million, assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners at scale; current projected annualized staking revenues of about $250 million; the 2.61% 7-day yield; MAVAN’s intended expansion; the company’s $4 billion share repurchase program; management’s view that the common shares are undervalued; expectations for ETH performance versus Bitcoin or the Nasdaq 100; expectations that easing financial conditions will support crypto; views on the ETH/BTC ratio and the effects of tokenization and agentic-AI applications; management’s view that the GENIUS Act and SEC Project Crypto are as transformational to financial services as the end of the Bretton Woods system in 1971; statements regarding the company’s investment in Eightco Holdings and indirect exposure to OpenAI; and the future growth, advancement and strategic direction of the company’s Ethereum treasury strategy, blockchain infrastructure capabilities and MAVAN staking platform.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Risks include, among others, the volatility and unpredictability of digital asset prices, changes in market conditions affecting the company’s securities, the company’s ability to execute its acquisition strategy and meet ETH accumulation targets, financing needs for operations and share repurchases, operational and technological risks in staking and validation, competition, dependence on key personnel, regulatory developments in the United States and globally, actions by the SEC, CFTC and other regulators, risks tied to early-stage blockchain investments including Eightco Holdings and any indirect exposure to OpenAI, macroeconomic conditions, the accuracy of management’s expectations regarding ETH/BTC and tokenization, the unpredictability of crypto market cycles, changes to the Ethereum protocol, risks related to AI systems, the performance of third-party service providers and staking partners, and the company’s concentration in digital assets, particularly Ethereum.

The forward-looking statements are based on information available to management as of the date of this release and reflect current expectations, estimates, forecasts, projections, views and beliefs. Actual results may differ materially for the reasons described above and in the company’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed Nov. 21, 2025, and its Quarterly Reports on Form 10-Q. Copies of these filings are available at www.sec.gov and on the company’s website at The company cautions readers not to place undue reliance on these forward-looking statements and disclaims any obligation to update them except as required by law.