NORWALK, Conn., Oct. 5, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") (NYSE: BMNR), a Bitcoin and Ethereum network company focused on the accumulation of crypto for long-term investment, today announced that its combined crypto holdings, total cash and marketable securities, and "moonshot" investments total $17.4 billion.

As of October 4, 2026, at 6:30 p.m. ET, the Company's crypto holdings comprised 6,016,414 ETH at $2,726 per ETH (per Coinbase, NASDAQ: COIN), 214 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $117 million stake in Eightco Holdings (NASDAQ: ORBS), alongside total cash and marketable securities of $643 million. The reported dollar values represent a point-in-time snapshot based on the holdings and ETH price stated in the announcement.

4.9% of ETH Supply; 99% of the Way to the "Alchemy of 5%"

Bitmine's ETH position of 6.02 million tokens represents 4.9% of Ethereum's total supply of 122.1 million ETH, putting the company 99% of the way to its "Alchemy of 5%" target in just 15 months. According to the announcement, Bitmine's $117 million stake in Eightco (NASDAQ: ORBS) makes it one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI.

Lee: BMNR Outperformed ETH During the 2025–2026 Bear Market

"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," stated Thomas "Tom" Lee, Chairman of Bitmine.

"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," continued Lee.

"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," stated Lee.

Token2049 Keynote in Singapore

Tom Lee will deliver the keynote at Token2049 — described as the world's largest crypto conference — on October 7, 2026, at 10:00 a.m. at Bay Sands in Singapore. The 20-minute keynote is part of the Token2049 program; additional information is available on the Token2049 website.

15,112 ETH Added in the Past Week

"Over the past week, we acquired 15,112 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.

Bitmine will release its latest Chairman's Message for October 2026 this week under the title "Crypto bull underway — this cycle likely the largest." The message is available at

MAVAN Staking Platform and $13.8 Billion in Staked ETH

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), an institutional-grade staking platform positioned as a premier Ethereum staking destination for BMNR and institutional investors. 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. A portion of Bitmine's ETH is already staked on the platform.

As of October 4, 2026, Bitmine's total staked ETH stands at 5,067,309 tokens, representing $13.8 billion at $2,726 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 $431 million on an annualized basis (using 2.63% 7-day BMNR yield)," stated Lee.

"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)," continued Lee.

Liquidity, Index Inclusion and Treasury Rankings

According to data from Fundstrat, Bitmine is one of the most widely traded stocks in the US, with an average daily dollar volume of $827 million (5-day average, as of October 2, 2026). That places it at rank #125 among 5,704 US-listed stocks — behind Bristol-Myers Squibb Co (rank #124) and ahead of Schlumberger NV (rank #126) — according to statista.com and Fundstrat research.

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.

Bitmine's crypto holdings rank as the #1 Ethereum treasury and the #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 847,666 BTC valued at approximately $78 billion. Bitmine remains the largest ETH treasury in the world.

Management's Regulatory Comparison

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. 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 — developments that proved to be better investments than gold.

Institutional Backing

Bitmine remains supported by a premier 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.

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. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

Additional details are available on X at https://x.com/bitmnr and https://x.com/fundstrat. The Fiscal Full Year 2025 earnings presentation and corporate presentation can be found at

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," or similar expressions.

The forward-looking statements specifically concern: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative); (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) the Company's staking operations, including projected annualized ETH staking rewards of approximately $431 million at scale and currently projected annualized staking revenues of approximately $363 million; (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners; (v) management's beliefs regarding crypto market conditions and share price outperformance relative to ETH; (vi) ETH's relative performance versus the S&P 500 and other macro assets; (vii) management's belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; and (viii) 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 execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the ability to finance business 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 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 ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation; actions by the SEC, CFTC, and other regulatory bodies; risks related to "moonshot" investments, including in Eightco Holdings and Beast Industries; macroeconomic factors, including inflation, interest rates, and general economic conditions; changes to the Ethereum protocol; and the performance of third-party service providers, exchanges, custodians, and staking partners.

The forward-looking statements are based on information available to management as of the date of the release and reflect management's current expectations, estimates, and beliefs. Actual results may vary materially 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 other SEC filings, 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, and expressly disclaims any obligation to update or revise them except as required by applicable law.