NORWALK, Conn., Oct. 19, 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 crypto, total cash and marketable securities, and "moonshot" holdings total $15.1 billion, with Ethereum (ETH) holdings reaching 6,041,481 tokens.

Key Highlights

• Bitmine owns 4.9% of the total ETH coin supply of 122.1 million tokens and is 99% of the way to its "Alchemy of 5%" goal in just 15 months.
• Bitmine holds 5,067,309 staked ETH, representing $12 billion at $2,365 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors.
• Bitmine released a Chairman's Message on October 7 titled "Crypto Bull Underway — This Cycle Likely the Largest."
• Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026.
• Bitmine's Series A Preferred Stock trades on the NYSE under the symbol BMNP.
• Bitmine owns $74 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI.
• Bitmine's crypto plus total cash and marketable securities plus "moonshots" total $15.1 billion, including 6.04 million ETH tokens, total cash and marketable securities of $582 million, and other crypto holdings.
• 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, supporting Bitmine's goal of acquiring 5% of ETH.

Holdings Breakdown as of October 18, 2026

As of October 18, 2026, at 3:00 p.m. ET, the Company's crypto holdings comprised 6,041,481 ETH valued at $2,365 per ETH (per Coinbase, NASDAQ: COIN), 215 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $74 million stake in Eightco Holdings (NASDAQ: ORBS) — together its "moonshots" — alongside total cash and marketable securities of $582 million. Bitmine's ETH holdings represent 4.9% the total ETH supply of 122.1 million tokens. Because digital asset treasuries are marked to market, these reported totals move with the underlying prices of ETH and the company's other holdings.

Lee: Contraction in Risk Appetite Has Spilled Over Into Crypto

Thomas "Tom" Lee, Chairman of Bitmine, said that investor risk appetite has contracted in recent weeks:

"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," stated Lee.

He noted that because crypto is widely held in the United States, Korea, and Taiwan, de-risking by investors in those regions creates spillover pressure on crypto markets:

"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," continued Lee.

"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 added.

These are management's own market views; the company's forward-looking statements disclosure cautions that actual market conditions may differ materially from such expectations.

Weekly Accumulation Streak

"Over the past week, we acquired 12,535 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 the ETH Treasury Strategy on June 30, 2025," stated Lee.

The buying has continued through the recent contraction in risk appetite Lee described. With 4.9% of supply in hand, Bitmine sits roughly 0.1 percentage point of ETH's 122.1 million-token total shy of its "Alchemy of 5%" goal.

Chairman's Message

On October 7, Bitmine released its latest Chairman's Message titled "Crypto Bull Underway — This Cycle Likely the Largest." The presentation is available on the Bitmine website.

MAVAN Staking Platform

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. Staking — locking up ETH to help validate transactions and secure the Ethereum network in exchange for rewards — is the mechanism behind the yields Bitmine cites.

As of October 18, 2026, Bitmine's total staked ETH stands at 5,067,309, representing $12 billion at $2,365 per ETH.

"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)," continued Lee.

Treasury Rankings

Bitmine is part of a broader cohort of publicly traded crypto treasury companies — firms that hold digital assets on their balance sheets as long-term reserves, an approach most closely associated with Strategy Inc.'s bitcoin holdings. Bitmine's crypto holdings rank as the #1 Ethereum treasury and the #2 global crypto treasury, behind Strategy Inc., which reportedly owns 848,250 BTC valued at approximately $74 billion. Bitmine remains the largest ETH treasury in the world.

Regulatory Backdrop

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 U.S. action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. That 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today. The company lists the enactment, implementation, and interpretation of the GENIUS Act and other pending legislation among the factors that could affect its results.

Additional Resources

• The Chairman's Message can be found at:
• The Fiscal Full Year 2025 earnings presentation and corporate presentation can be found at:
• To stay informed, sign up 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 Bitmine on X at https://x.com/bitmnr and https://x.com/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 all 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 press release specifically contains forward-looking statements regarding: () the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative); (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions and the Company's status as the largest ETH treasury in the world; (iii) the Company's 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 revenues of approximately $309 million; (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners; (v) management's beliefs regarding crypto market conditions, including expectations of a coming crypto bull market and that the current cycle is likely the largest, that recent price declines represent attractive risk/reward opportunities, and that the Company is positioned to outperform the crypto bull market; (vi) management's beliefs regarding the impact 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, and crypto's exposure to modernizing global financial system rails and agentic-AI; (vii) management's belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; and (viii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including the indirect exposure to OpenAI provided by 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, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin; the Company's reliance on third-party pricing sources and reported market values, which may fluctuate materially; changes in market conditions affecting the trading price and volume of the Company's securities; the Company's ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the Company's ability to finance its business operations and MAVAN expansion; operational, security, and technological risks associated with the Company's staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking yields, rewards, and revenues differ materially from projected amounts, including if the Company's ETH is not fully staked; competition in the digital asset treasury, staking, and mining industries; the Company's dependence on key personnel; regulatory developments affecting digital assets, blockchain technology, and staking activities, including the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation; actions by the SEC, CFTC, and other regulatory bodies; risks related to the Company's "moonshot" investments, including in Eightco Holdings and Beast Industries; macroeconomic and geopolitical factors, including inflation, interest rates, bond yields, military conflicts, elections, and general economic conditions; volatility in AI-related and semiconductor equities and in foreign markets, including Korea and Taiwan; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians, and staking partners; and the other risk factors described in the Company's filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release 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 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 the Company's other filings with the SEC, as amended or updated from time to time. Copies of these filings are available at www.sec.gov and at The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation to update or revise any forward-looking statements except as required by applicable law.