Bitmine Immersion Technologies (NYSE: BMNR) announced on August 31, 2026 that its crypto, cash, marketable securities and "moonshot" holdings total $15.6 billion, as the company moves to within 98% of its goal of acquiring 5% of the total Ethereum supply — the "Alchemy of 5%" — just 15 months after launching its ETH treasury strategy. The strategy follows the playbook pioneered by corporate digital-asset treasury companies such as Strategy Inc., which buys crypto with capital raised in public markets, but applies it to Ethereum rather than Bitcoin.

Key figures from the announcement:

• Bitmine holds 5,901,112 ETH, equal to 4.9% of the total ETH supply of 120.7 million.
• Total staked ETH stands at 5,067,309, worth $12.7 billion at $2,511 per ETH.
• Total cash and marketable securities amount to $541 million.
• ETH has been the best-performing macro asset in 3Q26 so far, outperforming the S&P 500 by 5,430 basis points.
• 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.

As of August 30, 2026 at 3:00pm ET, the company's holdings comprised 5,901,112 ETH valued at $2,511 per ETH (per Coinbase, NASDAQ: COIN), 211 Bitcoin (BTC), a $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings (NASDAQ: ORBS) — its "moonshots" — plus $541 million in cash and marketable securities. The Eightco position makes Bitmine a holder of one of the only publicly listed equities in the world offering investors indirect exposure to OpenAI.

Bitmine remains backed 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 the company's goal of acquiring 5% of ETH.

Tom Lee: ETH Leads Macro Assets in 3Q26

"As we enter the final month of 3Q26, ETH is the best performing macro asset, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," stated Thomas "Tom" Lee, Chairman of Bitmine. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in 3Q so far."

"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-Sept. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI." The CLARITY Act is pending US legislation aimed at establishing a market-structure framework for digital assets, clarifying the respective jurisdictional roles of the SEC and CFTC over cryptocurrencies.

Lee also pointed to the ETH/BTC ratio, which historically rises during bull cycles as Ethereum usage grows relative to Bitcoin: "These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains," continued Lee.

"Over the past week, we acquired 53,501 ETH. Bitmine has bought ETH for each of the past 65 weeks (every week since the inception of the 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" (link here).

MAVAN Staking Platform and Projected Rewards

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 intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. MAVAN is positioned as a premier Ethereum staking destination for BMNR and institutional investors, and a portion of Bitmine's ETH is already staked on the platform. Staking on Ethereum involves locking ETH to help secure the network and validate transactions in exchange for protocol rewards, which is how Bitmine generates yield on its treasury holdings.

As of August 30, 2026, Bitmine's total staked ETH stood at 5,067,309 ($12.7 billion at $2,511 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 is $390 million on an annualized basis (using 2.63% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $335 million. And this 5.1 million ETH is 86% of the 5.90 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.63% (annualized)," continued Lee.

Trading Volume and Treasury Ranking

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock traded average daily dollar volume of $1.36 billion (5-day average, as of August 29, 2026), ranking #62 in the US — behind Texas Instruments (rank #61) and ahead of UnitedHealth Group (rank #63) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine's crypto holdings rank as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world.

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. That 1971 event catalyzed the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today — investments which proved to be better than gold. The GENIUS Act is US stablecoin legislation signed into law in 2025, establishing a regulatory framework for payment stablecoins.

The Chairman's message is available at:

The Fiscal Full Year 2025 Earnings presentation and corporate presentation:

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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. 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. Its 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 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 such terms, or other comparable terminology.

Specific forward-looking statements in the release include, among other things: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and progress toward it; (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) staking operations, including projected annualized ETH staking rewards of approximately $396 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners), currently projected annualized staking revenues of approximately $340 million, and the 7-day yield of 2.67% (annualized); (iv) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) expectations regarding future ETH and other digital asset price performance, including ETH's performance relative to the S&P 500 and other macro assets in 3Q26 and the expectation that institutions will add to their crypto holdings; (vi) management's belief in multiple positive catalysts heading into the final months of 2026, including the CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and expectations of sizable institutional participation in buying crypto, including anticipated tailwinds of tokenization and agentic-AI; (vii) statements regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and agentic-AI using blockchains; (viii) management's belief that the GENIUS Act and SEC Project Crypto are "as transformational to financial services" as the end of the Bretton Woods system in 1971, and that resulting investments will prove better than gold; (ix) statements regarding the investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI, and the investment in Beast Industries; (x) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.6 billion and ETH holdings representing 4.9% of the total ETH supply; and (xi) the future growth, advancement, and strategic direction of the Company's Ethereum treasury strategy, blockchain infrastructure capabilities, bitcoin mining operations, 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. 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, and the speculative nature of digital asset investments; the risk that historical ETH price movements and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources and reported market values in calculating the value of its holdings, and the risk that such values fluctuate materially after the referenced date and time; changes in market conditions affecting the trading price and volume of the Company's common stock and Series A Preferred Stock, and the risk that inclusion in the Russell 1000 index does not produce anticipated benefits; the Company's ability to execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the ability to finance business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from projected amounts, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the US and globally, including the timing and outcome of the scheduled CLARITY Act vote and the enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to "moonshot" investments, including those in Eightco Holdings and Beast Industries and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, investor flows in international markets, and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management's expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company's assets in digital currencies, particularly Ethereum; and other risk factors 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 a number of factors, including those 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 from time to time. Copies are available on the SEC's website at www.sec.gov and at The Company cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements, except as required by applicable law or regulation.