NORWALK, Conn., Aug. 24, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) said its crypto, cash and marketable securities, and “moonshots” holdings totaled $14.9 billion as of Aug. 23, 2026, at 2:00 p.m. ET.

The company said its holdings included 5,847,611 ETH valued at $2,440 per ETH, based on Coinbase (NASDAQ: COIN), 210 Bitcoin (BTC), a $180 million stake in Beast Industries, an $89 million stake in Eightco Holdings (NASDAQ: ORBS), and $308 million in cash and marketable securities.

Bitmine said its ETH holdings now represent 4.8% of the total ETH supply of 120.7 million tokens, bringing the company 97% of the way to its stated goal of acquiring 5% of the total supply, which it calls the “Alchemy of 5%.” The company also said it acquired 32,447 ETH over the past week and has bought ETH every week since launching its ETH Treasury Strategy on June 30, 2025, applying to ether the corporate digital-asset treasury playbook that public companies first popularized with bitcoin.

Thomas “Tom” Lee, Bitmine’s chairman and a co-founder of the research firm Fundstrat Global Advisors, said ETH gained 30% in the past week, which he described as the largest weekly gain since May 2025 and, before that, July 2021. He said those prior episodes were followed by subsequent gains of 170% and 167%, respectively. Lee said, “We expect easing financial conditions to be a tailwind for crypto.”

“We believe this upside move in ETH was overdue given the strengthening fundamentals in crypto, the multiple tailwinds of Wall Street tokenization, and agentic-AI,” Lee said. “Moreover, the fact that the White House signaled support for crypto and the Treasury buying long-term bonds supported improved risk appetite.”

He added that the ETH/BTC ratio has risen during past crypto bull cycles and said prior cycles were driven by ICOs in 2017-2018, NFTs in 2020-2021 and stablecoins in 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,” Lee said.

Bitmine said it was added to the Russell 1000 Large-cap index on June 26, 2026, a membership that places the stock in portfolios of funds tracking the large-cap benchmark, and that its Series A Preferred Stock trades on the NYSE under the symbol BMNP.

The company said it had 5,067,309 staked ETH, worth about $12.4 billion at $2,440 per ETH. Ethereum has run on a proof-of-stake system since 2022, under which holders lock up ETH to help secure the network and earn rewards. Bitmine said its Made in America VAlidator Network, or MAVAN, is an institutional-grade staking platform designed to support the company’s own Ethereum treasury and, eventually, institutional investors, custodians and ecosystem partners seeking staking infrastructure.

Bitmine said a portion of its ETH is already staked on MAVAN. Lee said Bitmine has staked more ETH than any other entity in the world. He added that at scale, if Bitmine’s ETH is fully staked by MAVAN and its staking partners, the projected annualized ETH staking reward would be $381 million, using a 2.67% 7-day BMNR yield. He also said annualized staking revenues are now projected at $330 million.

The company said its 5.1 million ETH in staking represents 87% of its total 5.85 million ETH holdings.

Bitmine said it remains the largest ETH treasury in the world and the No. 1 Ethereum treasury and No. 2 global treasury overall, behind Strategy Inc., the Michael Saylor-founded company formerly known as MicroStrategy that pioneered the corporate bitcoin-treasury model, and which it said reportedly owns 840,447 BTC valued at approximately $70 billion.

The company said management believes the GENIUS Act — the federal law signed in July 2025 creating a regulatory framework for payment stablecoins — and the Securities and Exchange Commission’s Project Crypto could be as transformational to financial services in 2026 as the U.S. decision on Aug. 15, 1971, that ended the Bretton Woods system and removed the dollar from the gold standard.

Bitmine said the chairman’s message for July 2026, titled “ETH is the cure for the Uncanny Valley of Wealth,” was released on July 16, 2026. The company also pointed readers to its fiscal full-year 2025 earnings presentation and corporate presentation, and said investors can sign up for updates on its website.

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries, is a blockchain technology infrastructure company focused on institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. The company said it operates institutional-grade staking and validation infrastructure, earns staking rewards and validation income, and holds digital assets strategically to generate yield. Since 2025, Bitmine has expanded its blockchain infrastructure capabilities, including the development and deployment of MAVAN, its institutional staking and validation platform. Its activities also include investments in early-stage blockchain opportunities and ancillary mining, hosting and consulting services.

For additional details, follow on X: https://x.com/bitmnr 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. These statements include, among other things, the company’s goal of acquiring 5% of the total ETH supply, its digital asset accumulation strategy, weekly ETH purchases, staking operations, projected annualized staking rewards and revenues, MAVAN’s planned expansion, expectations for ETH price performance and the ETH/BTC ratio, the potential impact of Wall Street tokenization and agentic-AI, the company’s views on the GENIUS Act and SEC Project Crypto, and the future growth of its Ethereum treasury strategy and blockchain infrastructure.

These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. Risks include volatility in digital asset prices, reliance on third-party pricing sources, changes in market conditions, the company’s ability to execute its acquisition strategy and finance operations, operational and security risks in staking and validation, differences between projected and actual staking rewards, competition, dependence on key personnel, regulatory developments, macroeconomic factors, changes to the Ethereum protocol, risks related to AI systems, third-party service provider performance, and concentration of assets in digital currencies, particularly Ethereum.

The company said the statements are based on information available as of the date of release and disclaimed any obligation to update them except as required by law. Copies of the company’s SEC filings are available at www.sec.gov and on Bitmine’s investor relations website: