Bitmine Immersion Technologies ( BMNR ) announced that its ETH holdings have reached 6.04 million tokens, with the total value of crypto assets, cash, and tradable securities amounting to 15.1 billion US dollars.
According to Bitmine, the ETH they hold constitutes 4.9% of the total Ethereum supply, which corresponds to 1.221 million tokens.
The company stated that within just 15 months, it has achieved 99% of the goal of “Alchemy of 5%”.
On October 7th, Bitmine released a presidential speech titled "The crypto bull market is in progress, and it could be the most important one ever."
Bitmine was included in the Russell 1000 index on June 26, 2026.
The Bitmine Series A preferred stocks are traded on the New York Stock Exchange, with the code BMNP.
Bitmine indicates that there are 5.067309 million ETH in a pledged state. Calculated at $2,365 per ETH, this amounts to a value of 12 billion US dollars. MAVAN ( Made in America VAlidator Network ) is an Ethereum staking platform aimed at Bitmine and institutional investors.
Bitmine also holds an investment of $74 million in Eightco (Nasdaq ticker: ORBS); Eightco is one of the few listed companies in the world that provide investors with an indirect exposure to OpenAI.
According to Bitmine, the total value of its encrypted assets, cash, tradable securities, and investments in “moonshot” amounts to 15.1 billion US dollars, which includes 6.04 million ETH, 582 million US dollars in cash and tradable securities, as well as other cryptocurrencies.
Bitmine indicates that the company continues to receive support from a group of well-known institutional investors, including Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital from ARK, as well as individual investors Thomas, Tom, and Lee. These investors support the company in achieving its goal of obtaining 5% of the total supply of ETH.
Bitmine is headquartered in Norwalk, Connecticut, USA. On October 21, 2026, / PRNewswire / -- Bitmine Immersion Technologies, Inc. (New York Stock Exchange: BMNR) ("Bitmine" or "the Company") states that, as a company active in the Bitcoin and Ethereum ecosystems and focused on accumulating cryptocurrencies as a long-term investment, the total value of its crypto assets, cash, tradable securities, and "moonshot" investments has reached $15.1 billion.
Bitmine Chairman Thomas " Tom " Lee indicates that in the past few weeks, due to the concerning combination of AI financing and AI model security issues, the escalation of military activities between the United States and Iran, the uncertainty ahead of the U.S. mid-term elections, and the general increase in global bond yields, investors' risk appetite has declined. This has led to profit-taking in AI-related stocks, including those in the semiconductor and memory chip sectors, and has further resulted in profit-taking in the South Korean and Taiwanese markets, which are both dominated by such stocks."
Lee added, "Cryptocurrencies are widely held in the United States, South Korea, and Taiwan. Therefore, when investors in these regions reduce their risk exposure, it naturally exerts a chain reaction of pressure on the crypto market. In the past, whenever the fundamentals remained strong yet prices fell, historically these situations often presented attractive risk-reward opportunities. Given that cryptocurrencies benefit from both the modernization of the underlying infrastructure of the global financial system and from proxy AI, we believe this trend will continue this time as well."
As of 3:00 PM Eastern Time on October 18, 2026, the company's holdings in crypto assets include: 6,041,481 units of ETH, valued at $2,365 per unit (data source: CoinbaseNASDAQ : COIN); 215 bitcoins (BTC); a holding of $180 million in Beast Industries; a holding of $74 million in Eightco Holdings (Nasdaq ticker: ORBS), which is classified as an "moonshot" investment; and a total of $582 million in cash and tradable securities. The ETH holdings of Bitmine account for 4.9% of the total Ethereum supply, corresponding to 122.1 million ETH.
Lee indicates: "We believe that Bitmine has the potential to outperform the market during the crypto bull market that we expect to arrive in the near future, as the company has strengthened its competitive position over the past year, even amidst the crypto winter (bear market)."
Over the past week, we have purchased 12,535 units of ETH. No listed company in the world has been able to continuously buy cryptocurrencies like Bitmine. Since the launch of ETH Treasury Strategy on June 30, 2025, Bitmine has been buying ETH every week, said Lee.
On October 7th, Bitmine released the latest presidential speech titled "The crypto bull market is in progress, and it could be the most important one ever." This presentation material can be viewed on the Bitmine website.
At the beginning of 2026, Bitmine launched MAVAN, which is essentially Made in America VAlidator Network. This serves as its institutional-level staking platform. MAVAN was initially developed to support the Ethereum treasury of Bitmine, and later it was extended to serve institutional investors, custodian companies, and ecosystem partners seeking professional-level staking infrastructure. A portion of ETH held by Bitmine has already been staked on the MAVAN platform.
As of October 18, 2026, Bitmine has a total of 5,067,309 ETH in a pledged state, valued at $12 billion, calculated at $2,365 per ETH. Lee states: "The quantity of Bitmine pledged by ETH exceeds that of any other entity globally. Under normal circumstances, assuming all of Bitmine's ETH are pledged through MAVAN and its partners, the annualized pledge rewards are expected to reach $369 million, based on a 7-day yield of 2.58% for BMNR. In contrast, with the current 5.1 million ETH pledged (which accounts for 84% of the 6.04 million ETH held by Bitmine), the annualized pledge income is $309 million."
The scale of Bitmine's encrypted assets makes it the largest Ethereum treasury company in the world, ranking second in the global encrypted treasury sector, only behind Strategy Inc. The latter is reported to hold 848,250 BTC, valued at approximately $74 billion. Bitmine remains the company with the largest Ethereum treasury scale globally.
Bitmine Management believes that the GENIUS Act and the Project Crypto of the U.S. Securities and Exchange Commission (SEC) could have a transformative impact on the financial services industry in 2026, comparable to the policy shift in the United States on August 15, 1971. On August 15, 1971, the United States ended the Bretton Woods system and decoupled the dollar from gold convertibility. This event, which occurred 55 years ago, became a catalyst for the modernization of Wall Street and led to the emergence of today's large financial institutions as well as the financial and payment infrastructure.
The chairman's speech can be viewed here:
https :// www.Bitminetech.io / chairmans-message
Performance presentation for the fiscal year 2025 and company introduction can be viewed here: https :// Bitminetech.io / investor-relations /
To receive updates, you can register here: https :// Bitminetech.io / contact-us /
About Bitmine
Bitmine Immersion Technologies, Inc. (New York Stock Exchange: BMNR) and its subsidiaries ("Bitmine" or "the Company") are companies engaged in blockchain technology infrastructure. Their business covers institutional-level pledging and verification services for digital assets, Bitcoin mining, as well as strategic management of digital assets. As the world's largest Ethereum treasury company, the Company adopts innovative digital asset management strategies for institutional investors and investors in regulated markets. The Company generates pledging rewards and verification income through its institutional-level pledging and verification infrastructure, while also engaging in Bitcoin mining. Bitmine strategically holds digital assets and earns revenue from these holdings to support liquidity and capital raising. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including the development and deployment of MAVAN – its institutional-level pledging and verification platform. The Company's business also includes investments in high-potential early-stage blockchain opportunities, along with accompanying mining, infrastructure management, 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 and its amendments. Forward-looking statements include all statements that are not purely historical in nature and can typically be identified by words such as “expected,” “anticipated,” “intended,” “planned,” “believed,” “estimated,” “possible,” “will,” “should,” “considered,” “likely,” or similar expressions.Specifically, this press release contains forward-looking statements regarding the following matters: (i) the company's goal of acquiring 5% of the total supply of ETH under the “Alchemy of 5%” plan; (ii) the company's strategy for accumulating and managing a digital asset treasury, including continuous weekly purchases of ETH and the company's positioning as the world's largest ETH treasury; (iii) the company's staking activities, which include an estimated annualized staking reward of approximately $369 million and current estimated annualized staking income of approximately $309 million, assuming that all of the company's ETH are staked through MAVAN and its staking partners; (iv) the expansion of MAVAN to institutional investors, custodian companies, and ecosystem partners; (v) management's views on the state of the crypto market, including an assessment of an upcoming crypto bull market and that the current cycle may be the most important one, the view that recent price declines present attractive risk-return opportunities, and the belief that the company is poised to outperform the crypto bull market; (vi) management's views on investor risk preferences, AI financing and model security, geopolitical events, the U.S. mid-term elections, bond yields, and the impact of the South Korean and Taiwanese market conditions on the crypto market, as well as the exposure of cryptocurrencies to the modernization of the underlying infrastructure of the global financial system and proxy AI; (vii) management's belief that GENIUS Act and SEC's Project Crypto may have transformative impacts on financial services; and (viii) statements regarding the value of the company's crypto assets, cash, tradable securities, and “moonshot” investments, including the indirect exposure provided by the company's Eightco Holdings investments.
These forward-looking statements involve significant risks and uncertainties, which may lead to material differences between actual results and those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: extreme volatility and unpredictability of digital asset prices (including ETH and Bitcoin); the company's reliance on third parties for pricing, and the potential for significant fluctuations in reported market value; changes in market conditions that affect the company's securities prices and trading volume; the company's ability to successfully execute its digital asset acquisition strategy and achieve the ETH accumulation targets, including the “Alchemy of 5%” target; the company's ability to fund its operations and MAVAN expansion; operational, security, and technical risks related to the company's staking and verification activities, including network failures, cut-offs, cybersecurity vulnerabilities, and protocol changes; even if the company does not stake all of ETH, actual staking earnings, rewards, and revenues may differ significantly from forward-looking estimates; competition in the digital asset treasury, staking, and mining sectors; the company's dependence on key personnel; regulatory developments related to digital assets, blockchain technology, and staking activities, including the final adoption, implementation, and interpretation of the GENIUS Act and other ongoing 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; volatility in AI and semiconductor-related stocks, as well as overseas markets (including South Korea and Taiwan); any modifications to the Ethereum protocol; the performance of third-party service providers, exchanges, custodian institutions, and staking partners; 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 their current expectations, estimates, and judgments regarding future events. Due to the aforementioned factors, as well as those mentioned 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 10-Q quarterly report, and other documents submitted to SEC, actual results may differ significantly from those expressed or implied. Copies of the relevant documents can be found at www.sec.gov and https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on forward-looking statements, which only reflect the circumstances at the time they were made. Except as required by applicable laws, Bitmine explicitly states that it has no obligation to update or revise forward-looking statements.
