NORWALK, Conn., Oct. 19, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) (NYSE: BMNR), a Bitcoin and Ethereum network company focused on the accumulation of crypto for long-term investment, today announced that its combined crypto, total cash & marketable securities, and “moonshot” holdings total $15.1 billion.

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) — the latter two categorized as “moonshots” — together with total cash & marketable securities of $582 million.

Bitmine’s ETH position now represents 4.9% of the total ETH supply of 122.1 million tokens, placing the Company 99% of the way toward its “Alchemy of 5%” target in just 15 months.

Market Commentary from Chairman Tom Lee

“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,” stated Thomas “Tom” Lee, Chairman of Bitmine. “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.”

“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,” Lee continued. “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.”

“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),” he added.

Consistent Weekly Accumulation

“Over the past week, we acquired 12,535 ETH,” Lee stated. “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.”

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 at

MAVAN Staking Platform

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), an 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 October 18, 2026, Bitmine’s total staked ETH stands at 5,067,309, representing $12 billion at $2,365 per ETH. This is approximately 84% of the Company’s 6.04 million ETH holdings, providing a distinction between the total treasury balance and the portion currently generating staking-related returns. “Bitmine has staked more ETH than other entities in the world,” said Lee. “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).”

Treasury Rankings and Regulatory Outlook

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.

Bitmine management believes the GENIUS Act and the U.S. 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. The company characterizes that 1971 event as the catalyst for the modernization of Wall Street and the creation of today’s iconic financial institutions and payment rails.

Institutional Backing and Corporate Milestones

Bitmine remains supported by a group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital, along with personal investor Thomas “Tom” Lee, in support of the Company’s goal of acquiring 5% of ETH.

Among recent corporate milestones, Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026, and its Series A Preferred Stock trades on the NYSE under the symbol BMNP. The Company’s $74 million stake in Eightco (NASDAQ: ORBS) — described as one of the only publicly listed equities in the world providing investors indirect exposure to OpenAI — is among its “moonshot” holdings.

Bitmine’s Fiscal Full Year 2025 earnings presentation and corporate presentation are available 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. These specifically include statements regarding: (i) 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 continued weekly ETH acquisitions and its 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, 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.