Bitmine owns 4.8% of the total ETH supply of 120.7 million tokens.

Bitmine says it is 97% of the way to its “Alchemy of 5%” goal in just 14 months.

ETH gained 30% in the past week, its largest weekly gain since May 2025 and July 2021. In both prior cases, the move was followed by subsequent gains of +170% and +167%, respectively.

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 has 5,067,309 staked ETH, representing $12.4 billion at $2,440 per ETH. MAVAN, or Made in America VAlidator Network, is a staking destination for BMNR and institutional investors.

Bitmine owns $89 million of Eightco (NASDAQ: ORBS), which it describes as one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI.

Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $14.9 billion, including 5.85 million ETH tokens, total cash and marketable securities of $308 million, and other crypto holdings.

Bitmine says it 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 to support Bitmine’s goal of acquiring 5% of ETH.

NORWALK, Conn., Aug. 24, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, said on Sunday that 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 consisted of 5,847,611 ETH at $2,440 per ETH, according to Coinbase (NASDAQ: COIN), 210 Bitcoin (BTC), a $180 million stake in Beast Industries, an $89 million stake in Eightco Holdings (NASDAQ: ORBS) and total cash and marketable securities of $308 million. Bitmine said its ETH holdings equal 4.8% of the ETH supply of 120.7 million ETH.

The company’s latest update lands as its Ethereum treasury strategy enters its 14th month, with Bitmine saying it has bought ETH every week since the strategy began on June 30, 2025. That continuing accumulation also underpins the firm’s staking footprint: a portion of Bitmine’s ETH is already staked on MAVAN, and the company positions the platform as infrastructure it can use itself while also offering it to institutions, custodians and ecosystem partners seeking staking services.

"ETH gained 30% in the past week. This is the largest weekly gain since May 2025, prior to that it was July 2021. In those two precedent instances, this weekly gain of >30% signaled a launch point for a larger move in ETH. In July 2021, ETH subsequently gained +167% and after May 2025, ETH gained +170%," said Thomas "Tom" Lee, chairman of Bitmine. "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. Moreover, the fact that the White House signaled support for crypto and the Treasury buying long-term bonds supported improved risk appetite," Lee said.

"This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (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," he continued.

"Over the past week, we acquired 32,447 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025, about 14 months ago," Lee said.

On July 16, 2026, Bitmine released its latest Chairman’s Message for July 2026. The title of the message is "ETH is the cure for the Uncanny Valley of Wealth."

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, the company said it intends to expand the platform to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure. A portion of Bitmine’s ETH is already staked on MAVAN.

As of Aug. 23, 2026, Bitmine said total staked ETH stood at 5,067,309, or $12.4 billion at $2,440 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 is $381 million on an annualized basis (using 2.67% 7-day BMNR yield)," Lee said.

"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 87% of the 5.85 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.67% (annualized)," he said.

Bitmine said its crypto holdings remain the largest ETH treasury in the world and the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $70 billion.

Bitmine management said it believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the U.S. action on Aug. 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. The company said that 1971 event catalyzed the modernization of Wall Street and helped create today’s financial and payment rails.

The Chairman’s message can be found here:

The Fiscal Full Year 2025 earnings presentation and corporate presentation can be found here:

To stay informed, please sign up at:

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 says it provides institutional-grade staking and validation infrastructure, through which it earns staking rewards and validation income, alongside bitcoin mining activities. The company also says it 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 the development and deployment of MAVAN, its institutional staking and validation platform.

The company’s activities also include investments in early-stage blockchain opportunities, which it calls “moonshot” investments, as well as 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 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 press 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 its progress toward that goal; (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 $381 million at scale, currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.67% (annualized); (iv) MAVAN’s intended expansion to serve institutional investors, custodians and ecosystem partners seeking staking infrastructure, and its intended position as a premier Ethereum staking destination for institutional investors; (v) expectations regarding future ETH price performance, including statements that ETH’s recent weekly gain of more than 30% signals "a launch point for a larger move in ETH" and references to subsequent gains of +167% and +170% following prior comparable weekly gains; (vi) management’s expectation that easing financial conditions will be "a tailwind for crypto" and that the recent upside move in ETH "was overdue given the strengthening fundamentals in crypto," including the anticipated effects of Wall Street tokenization, agentic-AI, signals of White House support for crypto, and Treasury purchases of long-term bonds; (vii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are "as transformational to financial services" as the end of the Bretton Woods system in 1971, and that the resulting investments will prove better than gold; (x) statements regarding the company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI, and its investment in Beast Industries; and (xi) the future growth, advancement and strategic direction of the company’s Ethereum treasury strategy, blockchain infrastructure capabilities and MAVAN staking platform.

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, including prior weekly gains and the price appreciation that followed them, will not recur or are not indicative of future performance; the company’s reliance on third-party pricing sources 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 of the company’s common stock and Series A Preferred Stock; 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 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, including the investments in Eightco Holdings and Beast Industries and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management’s expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles; changes to the Ethereum protocol, including staking mechanics, validator requirements and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; 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 Sept. 30, 2025 filed with the SEC on Nov. 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.