Bitmine Immersion Technologies ( NYSE : BMNR ) announced that its ETH holdings have exceeded 6 million coins, with the total amount of encrypted assets, cash, and tradable securities reaching 17.2 billion US dollars.
The company stated that as of 3 p.m. Eastern Time on September 27, 2026, its crypto assets included 6,001,302 units of ETH, valued at $2,698 per unit; 213 bitcoins (BTC); 180 million dollars' worth of equity in Beast Industries; 115 million dollars' worth of equity in Eightco Holdings (NASDAQ : ORBS), which the company referred to as “moonshots”; as well as 672 million dollars in cash and tradable securities. Bitmine mentioned that its holdings of ETH accounted for 4.9% of the total supply of 122.1 million units of ETH.
Bitmine Chairman Thomas “Tom” Lee indicates that: “The total holdings of Bitmine at ETH have now exceeded 6 million coins. This is an impressive achievement, to have accumulated to this scale in less than 15 months. As we hold nearly 5% of the total supply of ETH, we have already seen synergies and positive network effects.”
Lee also indicates that the company continues to see an encryption bull market unfolding, which began in late June. He believes that institutional investors still have a relatively low allocation to crypto assets at present and expects them to increase their exposure in the last few months of 2026. Lee states that there is not much time left in the third quarter of the calendar year, and ETH continues to perform strongly as a macro asset; as of now this quarter, ETH has outperformed by 6,728 basis points, far surpassing other macro assets.
Tom Lee will also deliver a keynote speech at the Korea Blockchain Week 2026 event to be held on September 30, 2026, at 11:20 a.m. (Korean time) in Seoul at Walkerhill Hotels & Resorts. This 25-minute speech is part of the Korea Blockchain Week, which is regarded as one of the leading blockchain and digital assets conferences in Asia.
Lee indicates that the company has newly purchased 17,362 ETH in the past week. He stated that the record of Bitmine continuously buying crypto assets is "unmatched among any listed companies globally," and mentioned that since the launch of ETH Treasury Strategy on June 30, 2025, the company has been buying ETH every week.
The company stated that earlier in 2026, they launched MAVAN (which includes Made, in, and America VAlidator Network), which is an institutional-level staking platform. MAVAN was initially designed to support Bitmine's own Ethereum treasury, but it has now been expanded to provide services for institutional investors, custodians, and ecosystem partners seeking top-tier staking infrastructure. A portion of ETH has already been staked on the MAVAN platform.
As of September 27, 2026, the total ETH pledged for Bitmine is 5,067,309, which is approximately 13.7 billion US dollars at a price of $2,698 per coin. Lee states: "The quantity of ETH pledged by Bitmine exceeds that of any other entity in the world. Under scaled-up conditions (assuming that the ETH of Bitmine is fully pledged through MAVAN and its pledging partners), with a 7-day BMNR yield rate of 2.62%, the expected annualized ETH pledge reward would reach 424 million US dollars."
Lee added that the annualized pledged income is currently estimated to be $358 million, and these 5.1 million ETH represent 84% of the 6 million ETH held by Bitmine. He also stated that the 7-day yield rate for Bitmine's own pledged business is 2.62% (annualized).
According to Bitmine, based on the data from Fundstrat, this stock is one of the most actively traded stocks in the United States. As of September 25, 2026, its average daily trading volume was 1.1 billion US dollars, ranking it 94th among the 704 listed stocks in the US, behind Twilio (93rd) and ahead of Philip Morris International (95th).
The company stated that its holdings of encrypted assets rank it as the world's largest Ethereum wallet and the second-largest global wallet, second only to Strategy Inc. The latter is said to hold 845,080 BTC, worth approximately $75 billion. Bitmine remains the world's largest ETH wallet.
Bitmine Management believes that the GENIUS Act and the actions taken by the U.S. Securities and Exchange Commission (SEC) in 2026 hold the same significant transformative impact on the financial services industry as did the U.S.'s abandonment of the Bretton Woods system on August 15, 1971, which led to the dollar's decoupling from the gold standard. The company states that this event in 1971 spurred the modernization of Wall Street, giving rise to today's iconic Wall Street giants and the financial and payment infrastructure we see today, and these investments have since proven to be more attractive than gold.
The company also provided links to the chairman's speech, the full-year performance presentation for the fiscal year 2025, and a company introduction, and advised investors to register on their website to obtain the latest information.
About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE : BMNR) and its subsidiaries are a blockchain technology infrastructure company, with business covering institutional digital asset pledging and verification services, Bitcoin mining, as well as strategic digital asset management. As a globally leading Ethereum treasury company, the firm implements innovative digital asset strategies for institutional investors and public market participants. The company generates pledging rewards and verification income through institutional-level pledging and verification infrastructure, while also engaging in Bitcoin mining operations. Bitmine strategically holds digital assets and generates earnings from these holdings to support liquidity and capital formation. Since 2025, the company has been continuously expanding its blockchain infrastructure capabilities, including the development and deployment of its institutional pledging and verification platform MAVAN. The company's business also includes investments in early-stage blockchain opportunities ("moonshot" investments), as well as affiliated mining, hosting, and consulting services.
Forward-looking Statements Warning
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not purely historical in nature and can typically be identified by words such as “expected,” “planned,” “believed,” “anticipated,” “estimated,” “predicted,” “targeted,” “possible,” “will,” “shall,” “considered,” “seen,” or similar expressions.This press release particularly contains forward-looking statements regarding the following matters: the company's goal of holding 5% of the total ETH supply (“Alchemy of 5%” plan) and achieving 98% of that progress within 15 months; the company's digital asset accumulation and treasury strategy, which includes continuous weekly purchases of ETH since the launch of ETH Treasury Strategy on June 30, 2025; the company's position as the world's largest ETH treasury; the company's staking business, which, under scaled-up conditions and assuming that all Bitmine held by ETH through MAVAN and its staking partners are staked, is expected to generate an annualized staking reward of approximately $424 million, with current annualized staking revenue estimated at around $358 million; the expansion of MAVAN to provide first-class staking infrastructure for institutional investors, custodians, and ecosystem partners, and to become a premium Ethereum staking destination for BMNR and institutional investors; the statement that ETH has performed as the best macro asset so far in the third quarter of 2026, leading the S&P 500 index by 6,728 basis points; management believes that institutional investors are still underweight in crypto assets and expects an increase in their allocation in the last few months of 2026; management believes that the crypto bull market began in late June; management believes that the transformative impact of GENIUS Act and SEC Project Crypto on the financial services industry is comparable to the end of the Bretton Woods system in 1971, and that the investments resulting from this will outperform those in gold; statements regarding the company's investments, including how its investment in Eightco Holdings can provide investors with an indirect exposure to OpenAI, as well as the company's holding of $180 million in equity in Beast Industries; and statements regarding the value of the company's crypto assets, cash, tradable securities, and “moonshot” holdings.Including a total of $17.2 billion, as well as ETH holding 4.9% of the total ETH supply.
These forward-looking statements involve significant risks and uncertainties, which may lead to material differences between actual results and the explicit or implied content stated in these statements.Factors that may lead to or contribute to differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices (including ETH and Bitcoin), as well as the speculative nature of digital asset investments; historical ETH price trends and their relative performance compared to other macro assets may not repeat, or may not represent future performance; the company relies on third-party pricing sources (including Coinbase) and disclosed market values when calculating the value of its crypto assets, cash, tradable securities, and “moonshot” holdings, and these values may fluctuate significantly after the date and time mentioned in this press release; changes in the market environment that affect the trading prices and volumes of the company's common stock and Class A preferred stock, as well as the risk that inclusion in the Russell 1000 index may not bring the expected returns; the company's ability to successfully execute its digital asset acquisition strategy, continue to purchase ETH on a weekly basis, and achieve the ETH accumulation targets (including the “Alchemy of 5%” target); the company's ability to finance business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technical risks related to the company's staking and verification business, including network failures, penalty reductions, cybersecurity vulnerabilities, and protocol changes; the risk that actual staking participation, rewards, and income may differ significantly from the forecast values mentioned in this press release, which are based on a 7-day yield rate and assume full staking under scaled conditions; competition in the digital asset treasury, staking, and mining industries; the company's dependence on key personnel, including its executive team; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the final adoption, implementation, and interpretation of GENIUS Act and other pending legislative and regulatory measures; actions by SEC, CFTC, and other regulatory authorities regarding digital assets and related businesses; and risks associated with the company's investments in early blockchain opportunities (“moonshot”).Including investments in Eightco Holdings (including the nature and extent of its indirect exposure to OpenAI) as well as investments in Beast Industries; macroeconomic factors such as inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and general economic conditions that affect investors' sentiment towards 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 mechanisms, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; the risk associated with the high concentration of the company's assets in digital currencies, particularly Ethereum; and other risk factors described in the documents submitted by the company to SEC.
The forward-looking statements in this press release are based on information available to management as of the date of issuance of this press release and reflect management’s current expectations, estimates, projections, opinions, and judgments regarding future events and circumstances. Actual results may differ significantly from these forward-looking statements due to various factors mentioned in the “Risk Factors” section of the company’s 10-K annual report for the fiscal year ending September 30, 2025, the quarterly 10-Q reports, and other documents submitted to SEC. These relevant documents can be found on the SEC website www.sec.gov and the company’s website https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on any forward-looking statements, which are only valid as of the date they are made. Except as required by applicable laws or regulations, Bitmine explicitly does not undertake any obligation to update, revise, or supplement any forward-looking statements to reflect expected changes or changes in relevant events, conditions, or circumstances.
