NORWALK, Conn. — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on the accumulation of crypto for long-term investment, announced on Oct. 26, 2026 that its combined crypto, total cash and marketable securities, and "moonshot" holdings total $15 billion.

As of Oct. 25, 2026, at 2:00 p.m. ET, the company's crypto holdings comprised 6,051,933 ETH valued at $2,356 per ETH (per Coinbase, NASDAQ: COIN), 215 Bitcoin (BTC), a $180 million stake in Beast Industries, a $76 million stake in Eightco Holdings (NASDAQ: ORBS), and total cash and marketable securities of $514 million. Eightco is described as one of the only publicly listed equities in the world offering investors indirect exposure to OpenAI.

Bitmine's ETH position now represents 4.95% of Ethereum's total supply of 122.2 million tokens, putting the company 99% of the way toward its "Alchemy of 5%" target just 15 months into its ETH treasury strategy.

"Crypto got pulled down by the same 'risk off' forces behind the AI sell-off. In contrast to late-2025 and early 2026, crypto pullbacks have been comparatively shallow. ETH has fallen 13% from its recent peak while US semiconductors ($SOXX) is down 20% in that same timeframe. We believe this is further evidence that a crypto bull market is underway," said Thomas "Tom" Lee, Chairman of Bitmine.

On the capital side, Bitmine repurchased 2.04 million of its shares over the past week at an average price of $22.48. "When management believes Bitmine shares are relatively undervalued, the Company intends to accretively repurchase shares, subject to market conditions and under the existing repurchase authorization. Optimizing shareholder value remains our top objective," Lee said.

In 2026 to date, the company has bought back a cumulative 22.9 million common shares at an average price of $17.48, for an aggregate of $399.6 million. "This is the largest crypto treasury company common equity buyback ever executed, and reflects our commitment to shareholders," Lee stated.

"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.

On the accumulation side, Lee noted, "Over the past week, we acquired 10,452 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."

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

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), an institutional-grade Ethereum staking platform. Originally developed to support the company's own Ethereum treasury, MAVAN has since expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and a portion of Bitmine's ETH is already staked on the platform.

As of Oct. 25, 2026, Bitmine's total staked ETH stood at 5,227,037, representing $12.3 billion at $2,356 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 $368 million on an annualized basis (using 2.58% 7-day BMNR yield). This compares to annualized staking revenues at $318 million based upon 5.2 million staked ETH (86% of the 6.05 million ETH held by Bitmine)," Lee continued.

The company's holdings rank as the #1 Ethereum treasury and the #2 global crypto treasury, behind Strategy Inc., which reportedly owns 848,517 BTC valued at approximately $74 billion.

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 of Aug. 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. The company describes that 1971 event as the catalyst for the modernization of Wall Street and the creation of today's iconic financial titans and payment rails.

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. Its goal of acquiring 5% of ETH is 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.

The Fiscal Full Year 2025 earnings presentation and corporate presentation are available at and updates are available at The company posts updates on X at https://x.com/bitmnr and https://x.com/fundstrat.

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, earning staking rewards and validation income through institutional-grade infrastructure while also conducting bitcoin mining activities. The company holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, Bitmine 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.

Cautionary Note on Forward-Looking Statements

This announcement 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 announcement specifically contains forward-looking statements regarding: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and its progress toward that goal; (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 intention to repurchase shares of its common stock when management believes the shares are relatively undervalued, the timing, amount, and accretive effect of any such repurchases, and the Company's objective of optimizing shareholder value; (iv) the Company's staking operations, including projected annualized ETH staking rewards of approximately $368 million at scale (assuming the Company's ETH is fully staked) and annualized staking revenues of approximately $318 million based on currently staked ETH; (v) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners; (vi) management's beliefs regarding crypto market conditions, including that a crypto bull market is underway, that the current cycle is likely the largest, and that the Company is positioned to outperform the crypto bull market; (vii) ETH's relative performance versus U.S. semiconductor equities and other risk assets; (viii) management's belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; and (ix) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" 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 timing, amount, and manner of any share repurchases, which will depend on market conditions, the trading price of the Company's common stock, available capital, and the terms of the Company's existing repurchase authorization, and the fact that the Company is not obligated to repurchase any particular number of shares and may suspend or discontinue repurchases at any time; 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 because staking yields fluctuate and the Company's ETH may not be 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 implementation and interpretation of the GENIUS Act, SEC Project Crypto, and other pending legislation or regulatory initiatives; 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 factors, including inflation, interest rates, and general economic conditions; 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 announcement are based on information available to management as of date of the 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.