Norwalk, Connecticut, October 27, 2026 / PRNewswire / -- Bitmine Immersion Technologies, Inc. ( NYSE : BMNR, hereinafter referred to as “Bitmine” or “the Company”) is a Bitcoin and Ethereum network company focused on accumulating cryptocurrencies for long-term investment. The Company announced today that its total holdings of cryptocurrencies, cash, securities, and high-risk projects have reached $15 billion.

As of 2:00 p.m. Eastern Time on October 25, 2026, the company's holdings in crypto assets included: 6,051,933 units of ETH, valued at $2,365 per unit (according to Coinbase, NASDAQ : COIN); 215 bitcoins (BTC); Beast Industries shares valued at $180 million; Eightco Holdings shares valued at $76 million (NASDAQ : ORBS) (referred to by the company as “moonshots”); and a total of $514 million in cash and securities. Bitmine indicates that its holdings of ETH account for 4.95% of the total supply of 122.2 million units of ETH.

Tom Lee: Crypto market correction relatively mild, still bullish on the bull run

Bitmine Chairman Thomas “Tom” Lee indicates that cryptocurrencies are being hit by the same ‘risk aversion’ forces that drove the sell-offs of AI. Unlike at the end of 2025 and the beginning of 2026, this round of cryptocurrency corrections has been relatively mild. ETH has fallen by 13% from its recent high, while during the same period, the US semiconductor sector ($SOXX) has fallen by 20%. We believe that this further proves that a bull market for cryptocurrencies is taking shape.

Lee also indicates: 'Last week, Bitmine carried out a stock repurchase, buying back 2.04 million shares at an average price of $22.48 per share. When management believes that the stock of Bitmine is relatively undervalued, the company intends to continue repurchasing shares within the existing repurchase authorization, depending on market conditions. Optimizing value for shareholders remains our top priority.'

The company stated that since 2026, Bitmine has repurchased a total of 22.9 million ordinary shares at an average price of $17.48, for a total amount of $399.6 million. Lee said: "This is the largest scale of ordinary share repurchase in the history of the crypto treasury company, reflecting our commitment to our shareholders."

Lee said: "We believe that Bitmine has the potential to outperform the market during the crypto bull market we anticipate, as the company has strengthened its competitive position during the past year's crypto winter (bear market)."

He also stated: "Over the past week, we have purchased 10,452 ETH. Since the launch of the ETH treasury strategy on June 30, 2025, Bitmine has been buying ETH every week, and this continuous buying record is unmatched among globally listed companies."

Pledged ETH reaches 5.227 million, MAVAN expands towards institutions

The company stated that on October 7, 2026, Bitmine released the latest speech by the chairman, titled "The Crypto Bull Market Has Launched: This Cycle Could Be the Biggest." Relevant presentation materials can be viewed on the Bitmine website.

According to Bitmine, at the beginning of 2026, the company launched an institutional-level staking platform called MAVAN (which includes Made, in, and America VAlidator Network). Although MAVAN was initially developed to support Bitmine's own Ethereum treasury, it has now been expanded to serve institutional investors, custodians, and ecosystem partners seeking high-quality staking infrastructure. Bitmine stated that some of their ETH have already been deposited onto the MAVAN platform.

As of October 25, 2026, Bitmine holds a total of 5,227,037 ETH tokens for staking. Calculated at $2,356 per ETH, this is worth $12.3 billion. Lee states: " Bitmine stakes more ETH than any other entity in the world. In a scaled-up scenario (assuming that all of Bitmine's ETH are staked through MAVAN and its partners), the annualized staking rewards are expected to reach $368 million (calculated at a 7-day yield of 2.58% for BMNR). In contrast, based on 5.2 million staked ETH tokens — which means Bitmine holds 86% of the 6.05 million ETH tokens — the current estimated annualized staking income is $318 million."

The company claims to be the world's largest reserve holder of ETH, and mentions the regulatory prospects.

Bitmine indicates that its cryptocurrency holdings are still the largest for Ethereum in the world and the second-largest among all crypto portfolios, second only to those reportedly holding 848,517 BTC, valued at approximately $74 billion of Strategy Inc. Bitmine claims that the company remains the largest holder of ETH globally.

Bitmine Management believes that the GENIUS Act and the " Crypto Project " of the U.S. Securities and Exchange Commission ( SEC ) will transform the financial services industry in 2026, in a similar manner to how the United States ended the Bretton Woods system on August 15, 1971, decoupling the dollar from gold. The company states that this event in 1971 catalyzed the modernization of Wall Street and gave rise to today's financial and payment infrastructure.

Chairman's speech can be found at: https :// www.Bitminetech.io / chairmans-message

For the 2025 fiscal year performance presentation and company introduction, please refer to: https :// Bitminetech.io / investor-relations /

For subscription updates, see: 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 collateralization and verification services for digital assets, Bitcoin mining, as well as strategic management of digital assets. As a globally leading Ethereum treasury company, Bitmine implements innovative digital asset strategies for institutional investors and public market participants. The company provides institutional-level collateralization and verification infrastructure, generating rewards from collateralization and verification revenues, while also engaging in Bitcoin mining operations. Bitmine also strategically holds digital assets, earning 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 collateralization and verification platform MAVAN. The company's business also includes investments in early-stage blockchain opportunities ("high-risk investments"), as well as ancillary services such as mining, hosting, and consulting.

For more information, follow the accounts on platform X: https :// x.com / bitmnr and https :// x.com / fundstrat.

Forward-looking Statements

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,” “may,” “should,” “considered,” “likely,” “in a favorable position,” or similar expressions.

Forward-looking statements in this press release specifically include, but are not limited to: the company's goal of acquiring 5% of the total supply of ETH (“5% Alchemy”) and its progress; the company's digital asset accumulation and treasury strategy, including continuous weekly purchases of ETH, as well as the company's position as the world's largest ETH treasury; the company's intention to repurchase common shares when management believes the stock price is relatively undervalued, as well as the timing, scale, and cumulative effect of the repurchases; the company's pledging business, including an estimated annualized pledging reward of approximately $368 million under the completion of all ETH pledges, as well as the current estimated annualized pledging income of approximately $318 million; the expansion of MAVAN to institutional investors, custodians, and ecosystem partners; management's views on the state of the crypto market, including expectations for an upcoming crypto bull market and that this cycle may be the largest, as well as the company's potential to outperform the crypto bull market; the performance of ETH relative to U.S. semiconductor stocks and other risky assets; management's belief that the GENIUS Act and SEC “Crypto Project” will change the financial services industry; and statements regarding the value of the company's cryptocurrencies, cash, securities, and “high-risk” holdings.

These forward-looking statements involve significant risks and uncertainties, which may lead to material differences between actual results and the explicitly or implicitly stated content.Factors that may lead to or contribute to these differences 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 reported market values, which can fluctuate significantly; 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 “5% Alchemy” target); the timing, scale, and method of any share repurchases will depend on market conditions, the company's common stock trading price, available capital, and the existing repurchase authorization terms, and the company has no obligation to repurchase a specific number of shares and may suspend or terminate repurchases at any time; the company's ability to finance business operations and MAVAN expansion; operational, security, and technical risks related to the company's pledging and verification business, including network failures, confiscation events, cybersecurity incidents, and protocol changes; there is a risk that actual pledging earnings, rewards, and revenues may differ significantly from predicted amounts, even if the company has pledged all of ETH; competition in the digital asset treasury, pledging, and mining industries; 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 laws; actions by SEC, CFTC and other regulatory authorities; risks associated with the company's high-risk investments, including Eightco Holdings and Beast Industries; macroeconomic and geopolitical factors, including inflation, interest rates, bond yields, military conflicts, elections, and overall economic conditions; changes to the Ethereum protocol; the performance of external service providers, exchanges, custodians, and pledging partners; as well as 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, and opinions regarding future events. Due to the aforementioned factors, as well as those described in the “Risk Factors” section of the company’s 10-K annual report for the fiscal year ending September 30, 2025 (filed with SEC on November 21, 2025), the 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. Relevant 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, as they only reflect the circumstances as of the date they are made. Except as required by applicable law, Bitmine explicitly states that it has no obligation to update or revise any forward-looking statements.