NORWALK, Conn., Sept. 28, 2026 (PRNewswire) — BitMine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on the accumulation of cryptocurrency for long-term investment, announced that its combined crypto holdings, total cash and marketable securities, and "moonshot" investments now total $17.2 billion. The company's Ethereum treasury has surpassed 6 million tokens, placing it at 4.9% of the total ETH supply of 122.1 million.

Key Highlights

• BitMine owns 4.9% of the total ETH coin supply of 122.1 million and is 98% of the way to its "Alchemy of 5%" target in just 15 months.
• ETH is the best-performing macro asset in the third quarter of 2026 to date, outperforming the S&P 500 by 6,728 basis points.
• Chairman Thomas "Tom" Lee will deliver the keynote at Korea Blockchain Week on September 30, 2026.
• 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 holds 5,067,309 staked ETH, representing $13.7 billion at $2,698 per ETH. Its MAVAN (Made in America VAlidator Network) serves as a premier Ethereum staking destination for BMNR and institutional investors.
• BitMine owns $115 million of Eightco (NASDAQ: ORBS), described as one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI.
• The company 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 BitMine's goal of acquiring 5% of ETH.

Holdings Detail

As of September 27, 2026, at 3:00 p.m. ET, the company's crypto holdings comprised 6,001,302 ETH valued at $2,698 per ETH (per Coinbase, NASDAQ: COIN), 213 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $115 million stake in Eightco Holdings (NASDAQ: ORBS) — the latter two categorized as "moonshots" — alongside total cash and marketable securities of $672 million. BitMine's ETH holdings represent 4.9% of the total ETH supply.

"Bitmine's total ETH holdings now exceed 6 million. This is a tremendous achievement, accumulating this total in under 15 months. We are already seeing the synergies and positive network effects from our accumulating nearly 5% of ETH total supply," stated Thomas "Tom" Lee, Chairman of Bitmine.

"Moreover, we continue to see affirming signs that a crypto bull market is underway, having started in late June. In our view, institutions are still underweight crypto and we expect them to be adding to their exposure in the final months of 2026. With only a little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen. For the calendar quarter to date, ETH is outperforming by 6,728bp, dwarfing other macro assets," Lee added.

Korea Blockchain Week Keynote

Tom Lee is scheduled to deliver a keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. KST at Walkerhill Hotels & Resorts in Seoul. The 25-minute address is part of Korea Blockchain Week (koreablockchainweek.com), one of Asia's leading blockchain and digital asset conferences. The appearance falls on September 30 — the final day of the calendar third quarter — two days after the company's latest holdings update.

Consistent Weekly Purchases

"Over the past week, we acquired 17,362 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH and every week since the inception of the ETH Treasury Strategy on June 30, 2025," Lee stated.

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," available 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. In Ethereum, staking involves committing tokens to help validate activity and secure the network, with participants earning rewards in return. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of September 27, 2026, Bitmine's total staked ETH stood at 5,067,309, valued at $13.7 billion at $2,698 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 would be $424 million on an annualized basis (using 2.62% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $358 million. And this 5.1 million ETH is 84% of the 6.00 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.62% (annualized)," he continued.

Liquidity and Treasury Rankings

Bitmine ranks among the most widely traded stocks in the United States. According to data from Fundstrat, the stock has traded an average daily dollar volume of $1.1 billion (5-day average, as of September 25, 2026), ranking #94 among 5,704 US-listed stocks — behind Twilio Inc. (#93) and ahead of Philip Morris International (#95) — based on statista.com and Fundstrat research.

The company's crypto holdings stand as the #1 Ethereum treasury and the #2 global crypto treasury, behind Strategy Inc., the Bitcoin-focused treasury company formerly known as MicroStrategy, which reportedly owns 845,080 BTC valued at approximately $75 billion. Bitmine remains the largest ETH treasury in the world.

Regulatory Backdrop

Bitmine management believes the GENIUS Act — U.S. legislation establishing a federal regulatory framework for stablecoins — and the Securities and Exchange Commission's (SEC) Project Crypto, an initiative to modernize securities rules for crypto markets, are as transformational to financial services in 2026 as the U.S. action taken on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. In the company's view, 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 — investments that proved to be better than gold.

Company Resources

The Chairman's Message is available at and the fiscal full year 2025 earnings presentation and corporate presentation can be found at Additional updates are posted on X at https://x.com/bitmnr and https://x.com/fundstrat.

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. 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 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. This release specifically contains forward-looking statements regarding, among other things: (i) the company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and statements that the company is 98% of the way to achieving this goal in 15 months; (ii) the company's digital asset accumulation and treasury strategy, including continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025, 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 $424 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using the 2.62% 7-day BMNR yield) and currently projected annualized staking revenues of approximately $358 million; (iv) MAVAN's expansion to serve institutional, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) ETH's performance as the best-performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 6,728bp; (vi) management's belief that institutions are still underweight crypto and the expectation that institutional investors will add to their crypto exposure in the final months of 2026; (vii) management's belief that a crypto bull market is underway, having started in late June; (viii) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971, and that investments resulting therefrom will prove better than gold; (ix) the company's investments, including that its stake in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (x) the value of the company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $17.2 billion and ETH holdings representing 4.9% of the total ETH supply.

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 (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and "moonshot" holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the company's common stock and Series A Preferred Stock, and the risk that the company's inclusion in the Russell 1000 index does not produce anticipated benefits the company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the company's ability to finance its business operations, Ethereum treasury 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 participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, 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; the company's dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the ultimate 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 the company's investments in early-stage blockchain opportunities ("moonshot" investments), including the investments in Eightco Holdings (including 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, war risks, rising yields, and general economic conditions affecting investor sentiment toward digital assets; the unpredictability of cryptocurrency market cycles and the accuracy of management's expectations regarding institutional participation; 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; risks related to the concentration of the company's assets in digital currencies, particularly Ethereum; 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, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements 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 the company's other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC's website at www.sec.gov and on the company's website 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 or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.