Bitmine Immersion Technologies (NYSE: BMNR) announced that its crypto holdings, total cash and marketable securities, and "moonshot" investments now total $15.7 billion, with its Ethereum position reaching 5,929,198 ETH.

As of September 7, 2026 at 2:00pm ET, the Company's holdings comprised 5,929,198 ETH valued at $2,495 per ETH (per Coinbase, NASDAQ: COIN), 211 Bitcoin (BTC), a $180 million stake in Beast Industries, a $91 million stake in Eightco Holdings (NASDAQ: ORBS) — classified as "moonshots" — and total cash and marketable securities of $593 million. Bitmine's ETH holdings represent 4.9% of the total ETH supply of 122.0 million tokens, leaving the Company 97% of the way to its "Alchemy of 5%" goal in just 15 months. Bitmine's approach mirrors the corporate digital-asset treasury model pioneered by bitcoin-holding firms such as Strategy Inc., but applies it to Ethereum — making its share price closely tied to the performance of a single digital asset, a concentration the company itself flags among its principal risks.

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 — backing the Company's goal of acquiring 5% of the ETH supply.

Crypto equities and Russell 1000 performance

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026. Its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

"Since June 30th, 4 of the top 21 best performing stocks in the Russell 1000 are crypto-related equities. The outperformance is reflective of the fact that Ethereum is the best performing macro asset in Q3 so far. In our view, fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto given this group's outsized contribution to Russell 1000 gains this quarter. Notably, Bitmine's common stock is the 4th best performing with a gain of 99% compared to 3% for the Russell 1000 benchmark," stated Thomas "Tom" Lee, Chairman of Bitmine.

"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, 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 Lee. "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 calendar Q3 so far."

Tom DeMark's technical outlook

Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine, expects ETH to make a sharp upward move in coming weeks. According to Tom DeMark: "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect, last week's sharp one-day rally was a likely preview of the pending advance."

Catalysts ahead, per Lee

"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-September. 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."

"This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum 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.

Weekly ETH accumulation

"Over the past week, we acquired 28,086 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.

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."

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 expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, positioning itself as a premier Ethereum staking destination for BMNR and institutional investors. A portion of Bitmine's ETH is already staked on the MAVAN platform. Staking the treasury allows Bitmine to earn yield on holdings that would otherwise sit idle — a feature that distinguishes ETH treasury strategies from BTC treasury models, where held assets typically do not generate protocol rewards.

As of September 7, 2026, Bitmine's total staked ETH stands at 5,067,309, representing $12.6 billion at $2,495 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 $386 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 85% of the 5.93 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (annualized)," continued Lee.

Trading volume and treasury rankings

Bitmine is one of the most widely traded stocks in the US. According to Fundstrat data, the stock has traded average daily dollar volume of $1.10 billion (5-day average as of September 4, 2026), ranking #81 in the US — behind Intuit Inc. (rank #80) and ahead of TJX Companies, Inc. (rank #82) 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., which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world.

Bitmine also owns $91 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world providing investors indirect exposure to OpenAI.

Management's historical parallel

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 was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today — which proved to be better investments than gold.

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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 a 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 "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended — 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. Specific forward-looking statements include: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and the statement that it is 97% of the way to achieving this goal in 15 months; (ii) the digital asset accumulation and treasury strategy, including weekly ETH acquisitions since June 30, 2025 and the Company's status as the largest ETH treasury in the world; (iii) staking operations, including projected annualized ETH staking rewards of approximately $386 million at scale, currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's expansion and intended position as a premier Ethereum staking destination; (v) expectations regarding future ETH price performance, including Tom DeMark's expectation of a sharp upward move in coming weeks; (vi) statements regarding ETH as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,430bp, and expectations of institutional crypto accumulation; (vii) management's belief in multiple positive catalysts, including the CLARITY Act vote scheduled for mid-September 2026, renewed Korean investor buying and rotation away from AI stocks, the four-year cycle bottoming within weeks, and expected institutional participation aided by tokenization and agentic-AI; (viii) expectations that the ETH/BTC ratio will rise in the upcoming cycle driven by Wall Street tokenization and agentic-AI, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) the belief that the GENIUS Act and SEC Project Crypto are as transformational as the end of Bretton Woods in 1971 and that resulting investments will prove better than gold; (x) statements that crypto equities are the largest contributor to Russell 1000 performance quarter to date; (xi) statements regarding the Eightco Holdings investment (including indirect exposure to OpenAI) and the $180 million Beast Industries stake; and (xii) statements regarding the value of the Company's holdings, including the $15.7 billion aggregate and ETH holdings representing 4.9% of total ETH supply.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially, including but not limited to: extreme volatility and unpredictability of digital asset prices; the risk that historical price movements and technical indicators are not indicative of future performance; reliance on third-party pricing sources (including Coinbase) and the risk that reported values fluctuate materially after the referenced date; changes in market conditions affecting the trading price and volume of the Company's common and Series A Preferred Stock, and the risk that Russell 1000 inclusion or crypto equities' index contribution does not produce anticipated benefits; the ability to execute the digital asset acquisition strategy, continue weekly ETH purchases, and achieve the "Alchemy of 5%" goal; the ability to finance operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks in staking and validation, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from projections; competition in the digital asset treasury, staking, and mining industries; dependence on key personnel, including advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking in the US and globally, including the CLARITY Act vote and the enactment and interpretation of the GENIUS Act; actions by the SEC, CFTC, and other regulators; risks related to "moonshot" investments, including Eightco Holdings (and the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and expectations regarding ETH price movements, the ETH/BTC ratio, and the impact of tokenization and agentic-AI; the unpredictability of crypto market cycles; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; concentration of assets in digital currencies, particularly Ethereum; and other risk factors described in the Company's SEC filings.

These 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 vary materially based on 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, its Quarterly Reports on Form 10-Q, and other SEC filings, as amended or updated. Copies are available 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 made. Bitmine expressly disclaims any obligation to update, revise, or supplement any forward-looking statements except as required by applicable law or regulation.