Bitmine Immersion Technologies ( BMNR ) announced that its ETH holdings have exceeded 6 million coins, with the total value of cryptocurrencies, cash, and tradable securities reaching 17.2 billion US dollars.

Bitmine indicates that its holding of ETH accounts for 4.9% of the total Ethereum supply of 122.1 million coins.

The company stated that in just 15 months, Bitmine has completed 98% of the “Alchemy of 5%” goal.

Bitmine indicates that, as of now, ETH has been the best-performing macro asset in the third quarter of 2026, outperforming the S&P 500 index by 6,728 basis points.

Tom Lee will deliver a keynote speech at the Korea Blockchain Week on September 30, 2026.

Bitmine was included in the Russell 1000 Large Cap Index on June 26, 2026.

The A-series preferred stocks of Bitmine are traded on the New York Stock Exchange under the code BMNP.

The company stated that Bitmine currently has 5,067,309 ETH in a pledged state, and valued at $2,698 per ETH, which amounts to $13.7 billion. MAVAN ( Made in America VAlidator Network ) is described as an Ethereum pledging platform aimed at BMNR and institutional investors.

Bitmine also stated that it holds shares of Eightco ( NASDAQ : ORBS ) worth $115 million, and referred to Eightco as one of the few listed companies in the world that can provide investors with indirect exposure to OpenAI.

The company stated that the total value of cryptocurrencies, cash, tradable securities held by Bitmine, as well as investments in “moonshot”, amounts to 17.2 billion US dollars. This includes over 6 million ETH, 672 million US dollars in cash and tradable securities, as well as other cryptocurrencies.

Bitmine indicates that institutional investors who are supported in achieving a 5% holding of the ETH supply target include Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital from ARK, as well as individual investor Thomas ' Tom ' Lee.

Norwalk, Connecticut, September 30, 2026 / PRNewswire / -- Bitmine Immersion Technologies, Inc. ( NYSE : BMNR, referred to as " Bitmine " or "the Company") is a company that is active in the Bitcoin and Ethereum ecosystems, focusing on accumulating cryptocurrencies as a long-term investment. The Company announced today that the total value of its cryptocurrencies, cash, tradable securities, and " moonshot " investments amounts to 17.2 billion US dollars.

The company stated that as of 3:00 PM Eastern Time on September 27, 2026, its cryptocurrency holdings included 6,001,302 units of ETH, valued at $2,698 per unit; 213 bitcoins (BTC); a holding of $180 million in Beast Industries; a holding of $115 million in Eightco Holdings (with a ratio of NASDAQ to ORBS), which is classified as a “moonshot” investment; and a total of $672 million in cash and tradable securities. Bitmine indicated that its holdings of ETH accounted for 4.9% of the total supply of 122.1 million ETH units of Ethereum.

Bitmine Chairman Thomas “Tom” Lee indicates that: “The total holdings of Bitmine at ETH have now exceeded 6 million coins. This is an extraordinary achievement, as we have accumulated such a scale in less than 15 months. As we have amassed holdings close to 5% of the total supply of ETH, we have begun to see the synergies and positive network effects that come with it.”

Lee Additionally, we continue to see various signs indicating that the bull market for cryptocurrencies that began at the end of June is still in progress. We believe that institutions are currently underweight in cryptocurrencies and expect them to increase their exposure in the last few months of 2026. With a little over a week left until the end of the third quarter of the calendar year, ETH's outperformance as a macro asset continues to strengthen. As of now, calculated on a quarterly basis, ETH has surpassed other macro assets, with an outperformance of 6,728 basis points.

The company also stated that Tom Lee will deliver a 25-minute keynote speech at the 2026 Korea Blockchain Week, which will be held on September 30th at 11:20 (Korean Standard Time) at Walkerhill Hotels & Resorts in Seoul. This speech will be part of Korea Blockchain Week, which is described as one of the leading blockchain and digital assets conferences in Asia.

Lee indicates: "In the past week, we have purchased 17,362 ETH. No listed company in the world can continue to buy cryptocurrencies like Bitmine. Since the launch of ETH Treasury Strategy on June 30, 2025, Bitmine has been buying ETH every week."

On July 16, 2026, Bitmine released the latest edition of the Chairman's message to shareholders, titled " ETH is the answer to dealing with the 'strange valley' of wealth," according to the company.

Bitmine indicates that at the beginning of 2026, the company launched MAVAN, which is Made in America VAlidator Network. This is its institutional-level staking platform. The company stated that the platform was initially developed to support the Ethereum treasury of Bitmine, and later it was expanded to serve institutional investors, custodian institutions, and ecosystem partners seeking professional-level staking infrastructure. Bitmine indicates that some of the ETH it holds have already been staked through the MAVAN platform.

As of September 27, 2026, the company stated that there were a total of 5,067,309 ETH in pledge status for Bitmine. Calculated at $2,698 per ETH, this amounts to a value of $13.7 billion. Lee mentioned: "The number of ETH pledged by Bitmine exceeds that of any other entity globally. Once all ETH have been pledged through MAVAN and its partners, with a 7-day yield of 2.62% as per BMNR, the estimated annualized pledge reward is expected to reach $424 million."

Lee also indicates: "The current annualized pledge income is estimated to be 358 million US dollars. The 5.1 million ETH that have been pledged account for 84% of the 6 million ETH held by Bitmine. The pledge activities directly managed by Bitmine achieved an annualized yield of 2.62% on a 7-day basis."

Bitmine indicates that this stock is one of the most actively traded stocks in the United States. According to Fundstrat data, as of September 25, 2026, the average daily trading volume for this stock was 1.1 billion US dollars, ranking it 94th among the 5,704 listed stocks in the United States, after Twilio Inc and before Philip Morris International.

The company claims that, based on the scale of cryptocurrency reserves, Bitmine ranks first among global Ethereum treasury companies and second among all global crypto treasuries, only behind Strategy Inc. Bitmine cites reports stating that the latter holds 845,080 BTC, worth approximately $75 billion. Bitmine indicates that the company remains the largest Ethereum treasury company in the world.

Bitmine Management believes that GENIUS Act and the Project Crypto of the U.S. Securities and Exchange Commission (SEC) may have a transformative impact on the financial services industry in 2026, a impact that could be compared to the day in August 1971 when the United States ended the Bretton Woods system and decoupled the dollar from gold convertibility. The company states that the events of 1971 spurred the modernization of Wall Street and gave rise to the large financial institutions, financial infrastructure, and payment companies that are well-known today, and these have since proven to be more profitable investments than gold.

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About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE : BMNR) and its subsidiaries are a blockchain technology infrastructure company, with business covering institutional-level digital asset pledging and verification services, Bitcoin mining, as well as strategic management of digital assets. The company claims to be the largest Ethereum treasury company in the world, adopting innovative digital asset management strategies for institutional investors and investors in regulated markets. The company earns pledging rewards and verification income through its institutional-level pledging and verification infrastructure, while also conducting Bitcoin mining operations. Bitmine also strategically holds digital assets and generates revenue from these holdings to support liquidity and financing. Since 2025, the company has expanded its blockchain infrastructure capabilities, including the development and deployment of its institutional-level pledging and verification platform MAVAN. The company's business also includes investing in high-potential early-stage blockchain opportunities, as well as providing auxiliary services such as mining, infrastructure management, and consulting.

For more information, follow Bitmine on Platform X.

Forward-looking Statements Warning

This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 and its amendments. Forward-looking statements include any statements that are not purely historical facts and can typically be identified by words such as “expected,” “anticipated,” “intended,” “planned,” “believed,” “estimated,” “predicted,” “targeted,” “possible,” “will,” “should,” “considered,” and their negative forms, or similar expressions.

Forward-looking statements in this press release include, but are not limited to: the company's goal of acquiring 5% of the total supply of ETH and the “Alchemy of 5%” plan; the company's strategy for accumulating and managing a digital asset treasury; the statement that ETH will continue to be purchased on a weekly basis since the launch of ETH Treasury Strategy on June 30, 2025; the company's positioning as the world's largest ETH treasury; the staking business and its anticipated annualized rewards and revenues; the expansion plans for MAVAN service institution investors, custodian institutions, and ecosystem partners; the statement that ETH will perform best in the third quarter of 2026, outperforming the S&P 500 index by 6,728 basis points; management's view that institutions are still underweight in cryptocurrencies and will increase their allocation in the last few months of 2026; management's judgment that a bull market for cryptocurrencies began at the end of June; management's assessment that GENIUS Act and SEC may have a transformative impact on the financial services industry; and the company's statement that the total value of its investments in cryptocurrencies, cash, tradable securities, and “moonshot” amounts to $17.2 billion, with ETH holdings accounting for 4.9% of the total supply.

The company states that these forward-looking statements involve significant risks and uncertainties, which may lead to substantial differences between actual results and the explicitly or implicitly stated results. Relevant factors include, but are not limited to: extreme volatility and unpredictability of digital asset prices (including ETH and Bitcoin); the historical price trends of ETH and their relative performance compared to other macro assets may not be repeated; the company's reliance on third-party pricing sources, including Coinbase; the value of the company's holdings may change significantly after the dates and times mentioned in this press release; changes in market conditions may affect the prices and trading volumes of the company's common stock and Series A preferred stock; inclusion in the Russell 1000 index may not bring the expected benefits; the company's ability to execute its digital asset acquisition strategy, maintain weekly purchases of ETH, and achieve accumulation targets; the company's ability to finance operations, Ethereum treasury activities, and MAVAN expansion; operational, security, and technical risks related to the staking and verification business; actual staking participation, rewards, and revenues may differ significantly from forecasts; competition in the digital asset treasury, staking, and mining sectors; dependence on key management personnel; regulatory developments in the United States and globally for digital assets, blockchain technology, and staking activities; actions by regulatory authorities such as SEC, CFTC, and others; risks associated with the company's investment in the early-stage blockchain project “moonshot”; macroeconomic factors; unpredictability of the crypto market cycle; changes to the Ethereum protocol; performance of third-party service providers, exchanges, custodian institutions, and staking partners; and the risks associated with the company's asset concentration in digital currencies, particularly Ethereum.

The company stated that the forward-looking statements in this press release are based on information available to management as of the date of issuance of the press release and merely reflect their current expectations, estimates, projections, judgments, and beliefs. Actual results may differ significantly due to the aforementioned factors as well as other factors mentioned in the “Risk Factors” section of the documents submitted by the company to SEC. The company reminds readers not to rely excessively on these forward-looking statements. Except as required by applicable laws or regulatory provisions, Bitmine explicitly states that it has no obligation to update, revise, or supplement these forward-looking statements.