Bitmine Immersion Technologies ( BMNR ) announced that its ETH holdings have reached 6.04 million coins, with the total scale of encrypted assets, cash, and securities holding reaching 15.1 billion US dollars.
The company stated that Bitmine holds 4.9% of the total supply of 122.1 million ETH.
The company stated that Bitmine has completed 99% of the "5% Alchemy" ( Alchemy of 5%) goal within 15 months.
Bitmine indicates that the company released an open letter from the chairman on October 7th, titled "The Crypto Bull Market is Unfolding - This Cycle Could Be the Biggest Yet."
The company stated that Bitmine was included in the Russell 1000 index on June 26, 2026.
The company stated that the A-series preferred stocks of Bitmine are currently traded on the New York Stock Exchange under the code BMNP.
According to Bitmine, the company currently has 5,067,309 ETH that have been pledged. Calculated at $2,365 per ETH, their value is approximately 12 billion US dollars. The company stated that MAVAN (which includes Made, in, and America VAlidator Network) is an important Ethereum pledging platform for BMNR and institutional investors.
The company also stated that Bitmine holds shares of Eightco (Nasdaq ticker: ORBS) worth $74 million, and referred to it as one of the few listed stocks in the world that allow investors to indirectly gain exposure to OpenAI.
The company stated that the total value of Bitmine's crypto assets, cash, and securities, as well as investments in “moonshots”, amounts to 15.1 billion US dollars. This includes 6.04 million ETH, 582 million US dollars in cash and securities, and other crypto asset holdings.
Bitmine indicates that institutional investors who support holding 5% of ETH include Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital from ARK, as well as individual investors Thomas, Tom, and Lee.
Norwalk, Connecticut, October 19, 2026 / PRNewswire / —__ A New York Stock Exchange-listed company, Bitmine Immersion Technologies, Inc ("Bitmine" or "the Company"), is a Bitcoin and Ethereum network company focused on accumulating crypto assets for long-term investment. The Company announced today that its total assets of crypto, cash, securities, and "moonshots" investments have reached $15.1 billion.
Bitmine Chairman Thomas " Tom " Lee indicates that in the past few weeks, investors' risk appetite has diminished due to a concerning combination of AI financing and AI model security issues, the escalation of tensions between the United States and Iran, anxiety ahead of the U.S. mid-term elections, and a general rise in global bond yields. This has triggered a sell-off in AI stocks, including those in the semiconductor and memory sectors, which has further led to declines in the South Korean and Taiwanese markets, both of which are heavily reliant on these industries.
Lee continued, "Cryptocurrency assets are widely held in the United States, South Korea, and Taiwan. Therefore, when investors in these regions seek to diversify their portfolios, it can put pressure on the crypto market. In the past, as long as the fundamentals remained strong and prices fell, these periods often offered attractive risk-reward ratios historically. Given that cryptocurrency assets also benefit from the modernization of the global financial system infrastructure as well as proxy AI ( agentic-AI ), we believe the same will be true this time as well."
The company stated that as of 3 p.m. Eastern Time on October 18, 2026, its holdings of crypto assets included: 6,041,481 ETH, valued at $2,365 each according to the quote of Coinbase (Nasdaq ticker: COIN); 215 bitcoins (BTC); a holding in Beast Industries worth $180 million; a holding in Eightco Holdings (Nasdaq ticker: ORBS) worth $74 million (“moonshots”); and a total of $582 million in cash and securities. Bitmine mentioned that its holdings of ETH represent 4.9% of the total supply of ETH, which is 122.1 million coins.
Lee indicates: "We believe that Bitmine has the potential to outperform the upcoming crypto bull market that we anticipate, as the company has strengthened its competitive position over the past year, even during the crypto winter (bear market)."
Lee said: "Over the past week, we have purchased 12,535 ETH. Bitmine's continuous record of buying crypto assets is unmatched by any listed company in the world. Since launching the ETH treasury strategy on June 30, 2025, Bitmine has been buying ETH every week."
The company stated that on October 7th, Bitmine released the latest open letter from the chairman, titled "The Crypto Bull Market is Unfolding – This Cycle Could Be the Biggest Yet." This presentation material can be viewed on the Bitmine website.
Bitmine indicates that earlier in 2026, the company launched an institutional-level staking platform MAVAN ( Made in America VAlidator Network ). The company stated that MAVAN was initially developed to support Bitmine's own Ethereum treasury, but it has now been expanded to serve service institution investors, custodians, and ecosystem partners, providing first-class staking infrastructure. The company mentioned that some ETH have already completed staking on the MAVAN platform.
As of October 18, 2026, the company stated that Bitmine has pledged a total of 5,067,309 ETH, which is valued at approximately $12 billion at a price of $2,365 per coin. Lee noted: "The quantity of ETH pledged by Bitmine exceeds that of any other entity in the world. In a scaled-up scenario (assuming that all of Bitmine's ETH is pledged by MAVAN and its pledging partners), the annualized pledge rewards are expected to reach $369 million (using a 7-day BMNR yield of 2.58%). In contrast, based on 5.1 million pledged ETH coins (which account for 84% of the 6.04 million ETH held by Bitmine), the current annualized pledge income is about $309 million."
Bitmine indicates that its holdings of encrypted assets make it the world's largest Ethereum treasury and the second-largest treasury in the world, only behind Strategy Inc. The latter is said to hold 848,250 BTC, worth approximately 74 billion US dollars. Bitmine claims that the company remains the world's largest ETH treasury.
Bitmine Management believes that GENIUS Act and the actions taken by the U.S. Securities and Exchange Commission (SEC) in Project Crypto are of equal significance to the transformation of the financial services industry in 2026 as the U.S.'s decision to end the Bretton Woods system on August 15, 1971, and decouple the dollar 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 as well as the financial and payment infrastructure we see today.
Link to the chairman's open letter is as follows:
https :// www.Bitminetech.io / chairmans-message
Performance presentation materials for the fiscal year 2025 and company introduction can be viewed at the following link:
https :// Bitminetech.io / investor-relations /
For the latest information, please register on the following page:
https :// Bitminetech.io / contact-us /
About Bitmine
Bitmine Immersion Technologies, Inc (NYSE ticker: BMNR) and its subsidiaries (collectively referred to as “Bitmine” or “the Company”) are a blockchain technology infrastructure company whose business covers institutional-level digital asset pledging and verification services, Bitcoin mining, and strategic digital asset 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, thereby earning pledging rewards and verification income, while also engaging in Bitcoin mining operations. Bitmine indicates that the Company strategically holds digital assets and generates revenue 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 pledging and verification platform MAVAN. The Company’s business also includes investments in early-stage blockchain opportunities (“moonshot investments”), as well as related mining, custody, and consulting services.
For more information, follow the account on Platform X:
https :// x.com / bitmnr
https :// x.com / fundstrat
Forward-looking Statements Warning
This press release contains “forward-looking statements” as defined by the revised Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statements that are not purely historical facts and can typically be identified by words such as “expected,” “predicted,” “intended,” “planned,” “believed,” “anticipated,” “estimated,” “possible,” “will,” “shall,” “should,” “opinion,” “likely,” “in a favorable position,” or similar phrases.
Forward-looking statements in this press release specifically include, but are not limited to: (i) the company's goal of acquiring 5% of the total supply of ETH ("5% Alchemy" plan); (ii) the company's digital asset accumulation and treasury strategy, including continuing to buy ETH on a weekly basis, as well as the company's position as the world's largest ETH treasury; (iii) the company's staking business, including a forecast of an annualized staking reward of approximately $369 million after scaling up, assuming that all staking at the company's ETH is completed by MAVAN and its staking partners, as well as an current estimated annualized staking income of approximately $309 million; (iv) expanding the investor base for MAVAN service providers, custodians, and ecosystem partners; (v) management's views on the state of the crypto market, including the expectation of an upcoming crypto bull market, the current cycle possibly being the largest, recent price declines representing attractive risk-return opportunities, and the company's potential to outperform the crypto bull market; (vi) management's views on investor risk preferences, AI financing, AI model security, geopolitical events, the U.S. mid-term elections, bond yields, and the impact of the Korean and Taiwanese market conditions on the crypto market, as well as the exposure of crypto assets to the modernization of the global financial system infrastructure and proxy AI; (vii) management's belief that GENIUS Act and SEC's Project Crypto will bring about transformation to the financial services industry; and (viii) statements regarding the value of the company's crypto assets, cash, securities, and " moonshot " holdings, including the indirect exposure brought about by the company's investment in Eightco Holdings.
The company stated 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.Factors that may lead to or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices (including ETH and Bitcoin); the company's dependence on third-party pricing sources and reported market values, which can experience significant fluctuations; changes in the market environment that affect the trading prices and volumes of the company's securities; the company's ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets (including the “5% Alchemy” target); the company's ability to raise funds for business operations and MAVAN expansion; operational, security, and technical risks related to the company's pledging and verification services, including network failures, confiscation events, cybersecurity vulnerabilities, and protocol changes; the risk of significant discrepancies between actual pledged yields, rewards, and revenues and projected amounts, including the possibility that the company may not be able to fully fulfill its ETH pledging obligations; competition in the digital asset treasury, pledging, and mining industries; the company's dependence on key personnel; regulatory developments that affect digital assets, blockchain technology, and pledging activities, including the final enactment, implementation, and interpretation of GENIUS Act and other pending legislation; actions by SEC, CFTC and other regulatory authorities; risks associated with the company's “moonshot” investments, including investments in Eightco Holdings and Beast Industries; macroeconomic and geopolitical factors, including inflation, interest rates, bond yields, military conflicts, elections, and overall economic conditions; fluctuations in stocks related to AI, semiconductor stocks, and overseas markets including South Korea and Taiwan; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians, and pledging partners; as well as other risk factors described in the documents submitted by the company to SEC.
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 and reflect management's current expectations, estimates, and views regarding future events. Due to the aforementioned factors, as well as the content described in the "Risk Factors" section of the company's 10-K annual report for the fiscal year ending September 30, 2025, submitted to SEC on November 21, 2025, the company's 10-Q quarterly report, and other SEC documents that may be revised or updated from time to time, actual results may differ significantly from those expressed or implied. The aforementioned documents can be found at www.sec.gov and https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on any forward-looking statements, which only reflect the circumstances on the date they were made. Except as required by applicable laws, Bitmine explicitly states that it has no obligation to update or revise any forward-looking statements.
