Bitmine Immersion Technologies reports that its ETH holdings have increased to 6.02 million coins.
Bitmine Immersion Technologies ( BMNR ) announced that its ETH holdings have reached 6.02 million, with the total value of the company's crypto assets, cash, and tradable securities rising to 17.4 billion US dollars.
The company stated that Bitmine currently holds 4.9% of the total supply of ETH, which is 122.1 million coins, and claimed to have completed 99% of the “5% Alchemy” goal within 15 months.
Bitmine also indicates that Tom Lee will deliver a keynote speech at the Token2049 conference to be held in Singapore on October 7, 2026. The company stated that it was included in the large-cap stock index Russell 1000 on June 26, 2026, and its Series A preferred stocks are listed on the New York Stock Exchange under the code BMNP.
The company stated that currently, Bitmine has 5,067,309 ETH in a pledged state. Calculated at $2,726 per ETH, this is worth approximately 13.8 billion US dollars. Bitmine indicates that MAVAN (which includes Made, in, and America VAlidator Network) is an Ethereum pledging platform aimed at BMNR and institutional investors.
The company also stated that it holds shares of Eightco ( NASDAQ : ORBS ) valued at $117 million, and claimed that Eightco is currently one of the few listed companies in the world that can provide investors with an indirect exposure to OpenAI.
According to Bitmine, its encrypted assets, cash, and tradable securities, as well as high-risk investments " Moonshots ", total 17.4 billion US dollars, including 6.02 million ETH, 643 million US dollars in cash and tradable securities, and other holdings of encrypted assets.
The company stated that the institutional investors who support it in achieving a 5% holding of ETH include Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, as well as individual investors Thomas, “Tom”, and Lee.
As reported on October 6 by PR Newswire, Bitmine Immersion Technologies, Inc ( NYSE : BMNR ), in a press release, as of 6:30 p.m. Eastern Time on October 4, 2026, the company's total assets amounted to $17.4 billion, including cryptocurrencies, cash, tradable securities, and high-risk, high-return investments " moonshots ".
The company stated that as of the aforementioned time, its crypto assets included 6,016,414 ETH, 214 bitcoins (BTC), a stake of $180 million in Beast Industries, a stake of $117 million in Eightco Holdings (NASDAQ : ORBS), as well as a total of $643 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.
Bitmine Chairman Thomas “Tom” Lee states: “We believe that as the crypto industry enters what we consider to be a bull market phase, it is noteworthy that during the bear market from 2025 to 2026, Bitmine outperformed ETH. In the first nine months of 2026, ETH fell by 10%, while BMNR fell by 3%, which means it outperformed by 731 basis points.”
Lee stated: "We believe that the performance of BMNR's stock price reflects the company's commitment to optimizing shareholder returns. We have achieved this through a variety of measures, including conducting the largest share repurchase in history supported by crypto reserves, with 21 million shares repurchased alone in 2026."
Lee also indicates: 'If we take into account the significant macroeconomic headwinds that emerged in the third quarter of 2026, such as the Federal Reserve maintaining a hawkish stance, a substantial rise in oil prices, an increase in global bond yields, and a tightening of overall financial conditions, then it is particularly noteworthy that ETH outperformed the S&P 500 index by 6,832 basis points during that quarter. Since the beginning of the year, ETH has already outperformed by 6,832 basis points, far exceeding other macro assets.'
The company stated that Tom Lee will also deliver a 20-minute keynote speech at Token2049 to be held at Marina Bay Sands in Singapore on October 7th at 10 a.m. Bitmine claimed that Token2049 is the largest cryptocurrency conference in the world.
Lee indicates: "Over the past week, we have purchased 17,112 units of ETH. Bitmine continues to outperform others in the record of continuously buying cryptocurrencies among globally listed companies. Since launching the ETH treasury strategy on June 30, 2025, Bitmine has been buying ETH every week."
Bitmine indicates that the company will release the latest edition of the Chairman's Letter for October 2026 this week, titled "The Crypto Bull Market is Unfolding: This Cycle Could Be the Largest in History."
The company stated that in early 2026, Bitmine launched an institutional-level staking platform called MAVAN. Bitmine indicated that this platform was initially used to support the company's own Ethereum treasury and has now been extended to service provider investors, custodians, and ecosystem partners to provide high-grade staking infrastructure. The company mentioned that some of its ETH have already been staked through MAVAN.
As of October 4, 2026, the company has a total of 5,067,309 ETH in a pledged state, which, valued at $2,726 each, amount to $13.8 billion. Lee states: "The quantity of ETH pledged by Bitmine exceeds that of any other entity globally. Once full deployment is achieved—that is, when all ETH have been pledged through MAVAN and its pledging partners—annualized rewards from these pledges are expected to reach $431 million (based on a 7-day yield of 2.63% as per BMNR)."
Lee also indicates: "The current estimated annualized pledge income is 363 million US dollars. In addition, these 5.1 million ETH represent 84% of the 6.02 million ETH held by Bitmine. The Bitmine's own pledge business achieved an annualized yield of 2.63% over a 7-day period."
According to Bitmine, its stock is one of the most actively traded stocks in the United States. Based on data from Fundstrat, as of October 2, 2026, the average daily trading volume for this stock was 827 million US dollars, ranking it 125th among the 5,704 listed stocks in the US, coming after Bristol and Myers Squibb Co and before Schlumberger NV. The company stated that the data comes from research conducted by statista.com and Fundstrat.
The company stated that Bitmine ranks first in the world in terms of its Ethereum cryptocurrency reserves and second in overall cryptocurrency reserves, only behind Strategy Inc. ( NASDAQ : MSTR ). Bitmine cited public information indicating that Strategy holds 847,666 BTC, worth approximately 78 billion US dollars. Bitmine claimed that the company remains the entity with the largest reserves of ETH in the world.
Bitmine Management stated that they believe the GENIUS Act, as well as the "Project Crypto" measures taken by the U.S. Securities and Exchange Commission (SEC), will have a transformative impact on the financial services industry in 2026, comparable to the actions taken by the United States on August 15, 1971, when the Bretton Woods system was terminated and the dollar was decoupled from gold. The company noted that the events of 1971 drove the modernization of Wall Street, giving rise to iconic industry giants and the financial and payment infrastructure we see today, and that the returns on these investments have surpassed those of gold.
The company stated that the chairman's letter can be viewed at the following website: https :// www.Bitminetech.io / chairmans-message
The company states that the full-year performance presentation materials and company introduction for the fiscal year 2025 can be viewed at the following website: https :// Bitminetech.io / investor-relations /
The company stated that for the latest information, one can register at the following website: https :// Bitminetech.io / contact-us /
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 digital asset strategic management. The company claims to be a global leader in Ethereum treasury services, implementing innovative digital asset strategies for institutional investors and public market participants. It provides institutional-level pledging and verification infrastructure and generates income from pledging rewards and verification services, while also engaging in Bitcoin mining. Bitmine indicates that the company strategically holds digital assets and earns profits from these holdings to support liquidity and capital formation. 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 high-risk, high-potential investments in early-stage blockchain projects (i.e., "moonshots"), as well as related mining, hosting, and consulting services.
Forward-looking Statements
The press release states that it contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to: the company's goal of acquiring 5% of the total supply of ETH ("Alchemy of 5%"); the company's strategy for digital asset accumulation and treasury management, including continuous weekly purchases of ETH, as well as the company's positioning as the world's largest ETH treasury entity; the company's staking business, which is expected to generate an annualized staking reward of approximately $431 million after full deployment, and currently estimated to generate an annualized staking income of approximately $363 million; the expansion of MAVAN to institutional investors, custodians, and ecosystem partners; management's views on the state of the crypto market and the company's stock price outperforming ETH; performance relative to the S&P 500 index and other macro assets; management's belief that the GENIUS Act and SEC " Project Crypto " will change the financial services industry; and statements regarding the investment value of the company's crypto assets, cash, tradable securities, and " moonshots ".
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 content. Relevant factors include, but are not limited to: extreme and unpredictable price fluctuations of digital assets, including ETH and Bitcoin; the company's reliance on third-party price sources and market valuations; changes in market conditions that affect the company's securities prices and trading volumes; the company's ability to execute its digital asset acquisition strategy and achieve the ETH accumulation targets (including the “Alchemy of 5%” target); the company's ability to finance business operations and MAVAN expansion; operational, security, and technical risks related to the pledging and verification business, including network failures, confiscation events, cybersecurity vulnerabilities, and protocol changes; the risk of significant differences between actual pledged earnings, rewards, and revenues and forecasted values; competition in the digital asset treasury, pledging, and mining sectors; the company's dependence on key personnel; regulatory developments affecting digital assets, blockchain technology, and pledging activities, including the enactment, implementation, and interpretation of the GENIUS Act and other pending legislation; actions by SEC, CFTC and other regulatory authorities; risks associated with the company's “moonshot” investments (including Eightco Holdings and Beast Industries investments); macroeconomic factors such as inflation, interest rates, and overall economic conditions; changes to the Ethereum protocol; as well as the performance of external service providers, trading platforms, custodians, and pledging partners.
Bitmine indicates that these forward-looking statements are based on the information available to management as of the date of this press release and merely reflect their current expectations, estimates, projections, judgments, and beliefs regarding future events and circumstances. The company reminds readers not to rely excessively on these forward-looking statements. Except as required by applicable laws or regulations, Bitmine explicitly states that there is no obligation to update, revise, or supplement these forward-looking statements.
