NORWALK, Conn., Oct. 5, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced that its crypto, total cash and marketable securities, and “moonshots” holdings totaled $17.4 billion as of October 4, 2026, at 6:30 p.m. ET.

The company said its holdings included 6,016,414 ETH valued at $2,726 per ETH, based on Coinbase (NASDAQ: COIN) data; 214 Bitcoin (BTC); a $180 million stake in Beast Industries; a $117 million stake in Eightco Holdings (NASDAQ: ORBS); and $643 million in cash and marketable securities. Bitmine’s ETH holdings represented 4.9% of the total ETH supply of 122.1 million ETH.

Bitmine said it is 99% of the way toward its “Alchemy of 5%” objective in 15 months. The company remains supported by institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee.

Thomas “Tom” Lee, Bitmine’s chairman, said, “We believe that as crypto enters a cycle we view as a bull market, what is notable is Bitmine’s share price outperformance of ETH during the bear market of 2025-2026. In the first 9 months of 2026, ETH declined 10% while BMNR was down by 3%, or outperformance of 731bp.”

Lee added, “In our view, BMNR’s share performance reflects the Company’s commitment to optimize shareholder return. And we accomplished this via many actions including executing the largest ever crypto treasury equity buyback, acquiring 21 million shares in 2026 alone.”

He also stated, “The outperformance of ETH by 6,832bp relative to the S&P 500 in 3Q26 is notable considering the substantial macro headwinds that emerged in the quarter including a ‘hawkish’ Fed, surging oil, rise in global bond yields and general tightening of financial conditions. Quarter to date, ETH is outperforming by 6,832bp, dwarfing other macro assets.”

Over the past week, Bitmine acquired 15,112 ETH, according to Lee. “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,” he said.

The next scheduled public updates are Bitmine’s October 2026 Chairman’s Message and Lee’s October 7 keynote at Token2049. Bitmine will release its latest Chairman’s Message for October 2026 this week under the title “Crypto bull underway — this cycle likely the largest.”

Staking operations

Bitmine launched MAVAN, the Made in America VAlidator Network, earlier in 2026. The institutional-grade staking platform was initially developed to support Bitmine’s Ethereum treasury and has expanded to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. A portion of Bitmine’s ETH is already staked on MAVAN.

As of October 4, 2026, Bitmine had 5,067,309 ETH staked, valued at $13.8 billion at $2,726 per ETH. The company described MAVAN as a premier Ethereum staking destination for BMNR and institutional investors.

“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 $431 million on an annualized basis (using 2.63% 7-day BMNR yield),” Lee said.

He continued, “Annualized staking revenues are now projected at $363 million. And this 5.1 million ETH is 84% of the 6.02 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.63% (annualized).”

Company profile and market data

Bitmine said it 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. The company also said it owns $117 million of Eightco (NASDAQ: ORBS), which it described as one of the only publicly listed equities in the world providing investors with indirect exposure to OpenAI.

According to Fundstrat data, Bitmine’s stock recorded average daily dollar volume of $827 million based on a five-day average as of October 2, 2026. The company ranked No. 125 among 5,704 U.S.-listed stocks, behind Bristol-Myers Squibb Co. at No. 124 and ahead of Schlumberger NV at No. 126. The data was attributed to Statista and Fundstrat research.

Bitmine said its crypto holdings ranked as the No. 1 Ethereum treasury and the No. 2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 847,666 BTC valued at approximately $78 billion. Bitmine said it remains the largest ETH treasury in the world.

The company’s management said it believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto could be as transformational for financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and removed the U.S. dollar from the gold standard 55 years ago. Bitmine said that event contributed to the modernization of Wall Street and the creation of the financial and payment rails used today, which it said proved to be better investments than gold.

Lee is scheduled to deliver a keynote at Token2049 on October 7, 2026, at 10:00 a.m. at Marina Bay Sands in Singapore. The 20-minute keynote is part of Token2049, described by Bitmine as the world’s largest crypto conference. Additional information is available on the Token2049 website:

The Chairman’s Message is available at Bitmine’s Fiscal Full Year 2025 Earnings presentation and corporate presentation are available at The company’s contact page is

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. The company describes itself as the world’s leading Ethereum Treasury company and says it implements a digital asset strategy for institutional investors and public market participants.

Bitmine provides institutional-grade staking and validation infrastructure through which it earns staking rewards and validation income, alongside bitcoin mining activities. It holds digital assets strategically and generates yield on those holdings to support liquidity and capital formation. Since 2025, the company has expanded its blockchain infrastructure capabilities, including by developing and deploying MAVAN, its institutional staking and validation platform. Its activities also include investments in early-stage blockchain opportunities, referred to as “moonshot” investments, as well as ancillary mining, hosting and consulting services.

Additional information is available 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 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” or similar expressions.

The release specifically identifies forward-looking statements concerning: the company’s goal of acquiring 5% of the total ETH supply, known as the “Alchemy of 5%” initiative; its digital asset accumulation and treasury strategy, including continued weekly ETH acquisitions and its status as the largest ETH treasury in the world; staking operations, including projected annualized ETH staking rewards of approximately $431 million at scale and currently projected annualized staking revenues of approximately $363 million; MAVAN’s expansion to serve institutional investors, custodians and ecosystem partners; management’s views regarding crypto market conditions and share-price performance relative to ETH; ETH’s performance relative to the S&P 500 and other macro assets; management’s belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; and 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. Relevant factors include 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; and the company’s ability to execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the “Alchemy of 5%” goal.

Additional risks include the company’s ability to finance its 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 possibility that actual staking yields, rewards and revenues differ materially from projected amounts; competition in the digital asset treasury, staking and mining industries; dependence on key personnel; regulatory developments affecting digital assets, blockchain technology and staking activities, including the enactment, implementation and interpretation of the GENIUS Act and other pending legislation; actions by the SEC, the CFTC and other regulatory bodies; risks related to the company’s “moonshot” investments, including 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 other risk factors described in the company’s SEC filings.

The forward-looking statements in the release are based on information available to management as of the release date 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 its other SEC filings, as amended or updated from time to time.

Copies of these filings are available at www.sec.gov and Bitmine cautioned readers not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. The company expressly disclaims any obligation to update or revise forward-looking statements except as required by applicable law.