{"success":true,"data":{"pressRelease":{"id":"154128","rtpr_id":"nPNAg1xhNa-20260928","ticker":"BMNR","exchange":"NYSE","all_tickers":["BMNR","COIN","ORBS"],"title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion","author":"PR Newswire","published_at":"2026-09-28T12:30:01.852Z","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6\nMillion Tokens with Total Crypto, Cash & Marketable Securities Holdings of\n$17.2 Billion\nPR Newswire\n\nNORWALK, Conn., Sept. 28, 2026\n\nBitmine owns 4.9% of the total ETH coin supply of 122.1 million\n\nBitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months\n\nETH is the best performing macro asset in Q3 of 2026 to date, outperforming\nthe S&P 500 by 6,728bp\n\nTom Lee to deliver the keynote at KBW on September 30, 2026\n\nBitmine was added to the Russell 1000 Large-cap index on June 26, 2026\n\nBitmine's Series A Preferred Stock is trading on the NYSE under the symbol\nBMNP\n\nBitmine has 5,067,309 staked ETH, representing $13.7 billion at $2,698 per\nETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $115 million of Eightco (NASDAQ: ORBS), now one of the only\npublicly listed equities in the world to provide investors indirect exposure\nto OpenAI\n\nBitmine Crypto + Total Cash Holdings & Marketable Securities + \"Moonshots\"\ntotal $17.2 billion, including over 6 million ETH tokens, total cash &\nmarketable securities of $672 million, and other crypto holdings\n\nBitmine remains supported by a premier group of institutional investors\nincluding ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera,\nKraken, DCG, Galaxy Digital and personal investor Thomas \"Tom\" Lee to support\nBitmine's goal of acquiring 5% of ETH\n\nNORWALK, Conn., Sept. 28, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\") a Bitcoin and Ethereum Network\ncompany with a focus on the accumulation of crypto for long term investment,\ntoday announced Bitmine crypto + total cash & marketable securities +\n\"moonshots\" holdings totaling $17.2 billion.\n\n\n\nAs of September 27, 2026 at 3:00pm ET, the Company's crypto holdings are\ncomprised of 6,001,302 ETH at $2,698 per ETH (per Coinbase NASDAQ: COIN), 213\nBitcoin (BTC), $180 million stake in Beast Industries, $115 million stake in\nEightco Holdings (NASDAQ: ORBS) (\"moonshots\") and total cash & marketable\nsecurities of $672 million. Bitmine's ETH holdings are 4.9% of the ETH supply\n(of 122.1 million ETH).\n\n\"Bitmine's total ETH holdings now exceed 6 million.  This is a tremendous\nachievement, accumulating this total in under 15 months.  We are already\nseeing the synergies and positive network effects from our accumulating nearly\n5% of ETH total supply.\" stated Thomas \"Tom\" Lee, Chairman of Bitmine.\n\n\"Moreover, we continue to see affirming signs that a crypto bull market is\nunderway, having started in late June. In our view, institutions are still\nunderweight crypto and we expect them to be adding to their exposure in the\nfinal months of 2026.  With only a little more than a week left in calendar\nthird quarter (3Q26), the outperformance of Ethereum as a macro asset\ncontinues to strengthen.  For the calendar quarter to date, ETH is\noutperforming by 6,728bp, dwarfing other macro assets.\" stated Lee.\n\nTom Lee will also deliver the keynote at Korea Blockchain Week 2026 on\nSeptember 30 at 11:20 a.m. (KST) at Walkerhill Hotels & Resorts in Seoul. The\n25-minute keynote is part of Korea Blockchain Week, one of Asia's leading\nblockchain and digital asset conferences. Additional information is available\non the Korea Blockchain Week website\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=2466496737&u=https%3A%2F%2Fkoreablockchainweek.com%2F&a=Korea+Blockchain+Week+website).\n\n\"Over the past week, we acquired 17,362 ETH. Bitmine's track record of\nconsistent buying of crypto is unmatched by any public company in the world.\nBitmine has bought ETH each and every week since the inception of the ETH\nTreasury Strategy on June 30, 2025,\" stated Lee.\n\nOn July 16, 2026, Bitmine released the latest Chairman's Message (link here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=4069182204&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=link+here))\nfor July 2026, entitled \"ETH is the cure for the Uncanny Valley of Wealth.\"\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator\nNetwork), the institutional-grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN has expanded to\nserve institutional investors, custodians, and ecosystem partners seeking\nbest-in-class staking infrastructure. A portion of Bitmine's ETH is already\nstaked on the MAVAN platform.\n\nAs of September 27, 2026, Bitmine's total staked ETH stands at 5,067,309\n($13.7 billion at $2,698 per ETH). \"Bitmine has staked more ETH than other\nentities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN\nand its staking partners), the projected ETH staking reward would be $424\nmillion on an annualized basis (using 2.62% 7-day BMNR yield),\" stated Lee.\n\n\"Annualized staking revenues are now projected at $358 million. And this 5.1\nmillion ETH is 84% of the 6.00 million ETH held by Bitmine. Bitmine's own\nstaking operations generated a 7-day yield of 2.62% (annualized),\" continued\nLee.\n\nBitmine is one of the most widely traded stocks in the US. According to data\nfrom Fundstrat, the stock has traded average daily dollar volume of $1.1\nbillion (5-day average, as of September 25, 2026), ranking #94 in the US,\nbehind Twilio Inc (rank #93) and ahead of Philip Morris International (rank\n#95) among 5,704 US-listed stocks (statista.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=2374343068&u=http%3A%2F%2Fstatista.com%2F&a=statista.com) and\nFundstrat research).\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 845,080 BTC valued at\napproximately $75 billion. Bitmine remains the largest ETH treasury in the\nworld. \n\nBitmine management believes the GENIUS Act and the Securities and Exchange\nCommission's (SEC) Project Crypto are as transformational to financial\nservices in 2026 as the US action on August 15, 1971, which ended the Bretton\nWoods system and took the U.S. dollar off the gold standard 55 years ago. This\n1971 event was the catalyst for the modernization of Wall Street, creating the\niconic Wall Street titans and financial and payment rails of today. These\nproved to be better investments than gold.\n\nThe Chairman's message can be found here:\n\nhttps://www.Bitminetech.io/chairmans-message\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/ \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/ \n\nAbout Bitmine\n\nBitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its\nsubsidiaries (\"Bitmine\" or the \"Company\"), is a blockchain technology\ninfrastructure company operating across institutional digital asset staking\nand validation services, bitcoin mining, and strategic digital asset\nmanagement. As the world's leading Ethereum Treasury company, it implements an\ninnovative digital asset strategy for institutional investors and public\nmarket participants. The Company provides institutional-grade staking and\nvalidation infrastructure—through which it earns staking rewards and\nvalidation income—alongside bitcoin mining activities. Bitmine holds digital\nassets strategically, generating yield on those holdings to support liquidity\nand capital formation. Since 2025, the Company has expanded its blockchain\ninfrastructure capabilities, including developing and deploying MAVAN, its\ninstitutional staking and validation platform. The Company's activities\nfurther include investments in early-stage blockchain opportunities\n(\"moonshot\" investments) and ancillary mining, hosting, and consulting\nservices.\n\nFor additional details, follow on X:\n\nhttps://x.com/bitmnr\n\nhttps://x.com/fundstrat\n\nCautionary Note on Forward Looking Statements\n\nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Private Securities Litigation Reform Act\nof 1995, as amended. Forward-looking statements include all statements that\nare not purely historical and can generally be identified by terms such as\n\"expects,\" \"projects,\" \"intends,\" \"plans,\" \"believes,\" \"anticipates,\"\n\"estimates,\" \"forecasts,\" \"targets,\" \"goals,\" \"may,\" \"will,\" \"would,\" \"could,\"\n\"should,\" \"view,\" \"see,\" or similar expressions, or the negative of such\nterms, or other comparable terminology. This press release specifically\ncontains forward-looking statements regarding, among other things: (i) the\nCompany's goal of acquiring 5% of the total ETH supply (the \"Alchemy of 5%\"\ninitiative) and statements that the Company is 98% of the way to achieving\nthis goal in 15 months; (ii) the Company's digital asset accumulation and\ntreasury strategy, including statements regarding continued weekly ETH\nacquisitions since the inception of the ETH Treasury Strategy on June 30, 2025\nand the Company's status as the largest ETH treasury in the world; (iii) the\nCompany's staking operations, including projected annualized ETH staking\nrewards of approximately $424 million at scale (assuming Bitmine's ETH is\nfully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield)\nand currently projected annualized staking revenues of approximately $358\nmillion; (iv) MAVAN's expansion to serve institutional investors, custodians,\nand ecosystem partners seeking best-in-class staking infrastructure, and its\nintended position as a premier Ethereum staking destination for BMNR and\ninstitutional investors; (v) statements regarding ETH's performance as the\nbest performing macro asset in Q3 2026 to date, outperforming the S&P 500 by\n6,728bp; (vi) management's belief that institutions are still underweight\ncrypto and the expectation of institutional investors adding to their crypto\nexposure in the final months of 2026; (vii) management's belief that a crypto\nbull market is underway, having started in late June; (viii) management's\nbelief that the GENIUS Act and SEC Project Crypto are as transformational to\nfinancial services in 2026 as the end of the Bretton Woods system in 1971 and\nthat investments resulting therefrom will prove better than gold; (ix)\nstatements regarding the Company's investments, including that its investment\nin Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to\nOpenAI and its $180 million stake in Beast Industries; and (x) statements\nregarding the value of the Company's crypto, cash, marketable securities, and\n\"moonshot\" holdings, including aggregate holdings of $17.2 billion and ETH\nholdings representing 4.9% of the total ETH supply.\n\nThese forward-looking statements involve substantial risks and uncertainties\nthat could cause actual results to differ materially from those expressed or\nimplied. Factors that could cause or contribute to such differences include,\nbut are not limited to: the extreme volatility and unpredictability of digital\nasset prices, including ETH and Bitcoin, and the speculative nature of digital\nasset investments; the risk that historical ETH price movements and relative\nperformance versus other macro assets will not recur or are not indicative of\nfuture performance; the Company's reliance on third-party pricing sources\n(including Coinbase) and reported market values in calculating the value of\nits crypto, cash, marketable securities, and \"moonshot\" holdings, and the risk\nthat such values fluctuate materially after the date and time referenced in\nthis release; changes in market conditions affecting the trading price and\ntrading volume of the Company's common stock and Series A Preferred Stock, and\nthe risk that the Company's inclusion in the Russell 1000 index does not\nproduce anticipated benefits; the Company's ability to successfully execute\nits digital asset acquisition strategy, continue its record of weekly ETH\nacquisitions, and achieve its ETH accumulation targets, including the \"Alchemy\nof 5%\" goal; the Company's ability to finance its business operations,\nEthereum treasury operations, and MAVAN expansion; operational, security, and\ntechnological risks associated with the Company's staking and validation\noperations, including network failures, slashing events, cybersecurity\nbreaches, and protocol changes; the risk that actual staking participation,\nyields, rewards, and revenues differ materially from the projected amounts\ndescribed in this release, which are based on a 7-day yield and assume ETH is\nfully staked at scale; competition in the digital asset treasury, staking, and\nmining industries; the Company's dependence on key personnel, including\nexecutive leadership; regulatory developments affecting digital assets,\nblockchain technology, and staking activities in the United States and\nglobally, including the ultimate enactment, implementation, and interpretation\nof the GENIUS Act and other pending legislation and regulatory initiatives;\nactions by the SEC, CFTC, and other regulatory bodies affecting digital assets\nand related businesses; risks related to the Company's investments in\nearly-stage blockchain opportunities (\"moonshot\" investments), including the\ninvestments in Eightco Holdings (including the nature and extent of any\nindirect exposure to OpenAI) and Beast Industries; macroeconomic factors,\nincluding inflation, interest rates, Federal Reserve monetary policy, labor\nmarket conditions, war risks, rising yields, and general economic conditions\naffecting investor sentiment toward digital assets; the unpredictability of\ncryptocurrency market cycles and the accuracy of management's expectations\nregarding institutional participation; changes to the Ethereum protocol,\nincluding staking mechanics, validator requirements, and reward structures;\nthe performance of third-party service providers, exchanges, custodians, and\nstaking partners; risks related to the concentration of the Company's assets\nin digital currencies, particularly Ethereum; and the other risk factors\ndescribed in the Company's filings with the SEC.\n\nThe forward-looking statements contained in this press release are based on\ninformation available to management as of the date of this release and reflect\nmanagement's current expectations, estimates, forecasts, projections, views,\nand beliefs concerning future events and circumstances. Actual results may\nvary materially from those expressed or implied by forward-looking statements\nbased on a number of factors, including those described above and in the Risk\nFactors section of the Company's Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025 filed with the SEC on November 21, 2025, the\nCompany's Quarterly Reports on Form 10-Q, and the Company's other filings with\nthe SEC, as amended or updated from time to time. Copies of these filings are\navailable on the SEC's website at www.sec.gov and on the Company's website at\nhttps://Bitminetech.io/investor-relations/. The Company cautions readers not\nto place undue reliance on any forward-looking statements, which speak only as\nof the date on which they are made. Bitmine expressly disclaims any obligation\nor undertaking to update, revise, or supplement any forward-looking statements\nto reflect any change in its expectations or any change in events, conditions,\nor circumstances on which any such statements are based, except as required by\napplicable law or regulation.\n\n\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-over-6-million-tokens-with-total-crypto-cash--marketable-securities-holdings-of-17-2-billion-302891187.html\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1997054/1.jpg?id=OA2973005\nhttps://mmx.prnewswire.com/media/MS1997055/2.jpg?id=OA2973006\nhttps://mmx.prnewswire.com/media/MS1997056/3.jpg?id=OA2973007\nhttps://mmx.prnewswire.com/media/MS1997057/4.jpg?id=OA2973008\nhttps://mmx.prnewswire.com/media/MS1826395/Bitmine-Immersion-Technologies-Logo.jpg?id=OA2973009\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPNAg1xhNa-20260928","title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion","author":"PR Newswire","ticker":"BMNR","created":"2026-09-28T12:30:01.852Z","tickers":["BMNR","COIN","ORBS"],"exchange":"NYSE","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6\nMillion Tokens with Total Crypto, Cash & Marketable Securities Holdings of\n$17.2 Billion\nPR Newswire\n\nNORWALK, Conn., Sept. 28, 2026\n\nBitmine owns 4.9% of the total ETH coin supply of 122.1 million\n\nBitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months\n\nETH is the best performing macro asset in Q3 of 2026 to date, outperforming\nthe S&P 500 by 6,728bp\n\nTom Lee to deliver the keynote at KBW on September 30, 2026\n\nBitmine was added to the Russell 1000 Large-cap index on June 26, 2026\n\nBitmine's Series A Preferred Stock is trading on the NYSE under the symbol\nBMNP\n\nBitmine has 5,067,309 staked ETH, representing $13.7 billion at $2,698 per\nETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $115 million of Eightco (NASDAQ: ORBS), now one of the only\npublicly listed equities in the world to provide investors indirect exposure\nto OpenAI\n\nBitmine Crypto + Total Cash Holdings & Marketable Securities + \"Moonshots\"\ntotal $17.2 billion, including over 6 million ETH tokens, total cash &\nmarketable securities of $672 million, and other crypto holdings\n\nBitmine remains supported by a premier group of institutional investors\nincluding ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera,\nKraken, DCG, Galaxy Digital and personal investor Thomas \"Tom\" Lee to support\nBitmine's goal of acquiring 5% of ETH\n\nNORWALK, Conn., Sept. 28, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\") a Bitcoin and Ethereum Network\ncompany with a focus on the accumulation of crypto for long term investment,\ntoday announced Bitmine crypto + total cash & marketable securities +\n\"moonshots\" holdings totaling $17.2 billion.\n\n\n\nAs of September 27, 2026 at 3:00pm ET, the Company's crypto holdings are\ncomprised of 6,001,302 ETH at $2,698 per ETH (per Coinbase NASDAQ: COIN), 213\nBitcoin (BTC), $180 million stake in Beast Industries, $115 million stake in\nEightco Holdings (NASDAQ: ORBS) (\"moonshots\") and total cash & marketable\nsecurities of $672 million. Bitmine's ETH holdings are 4.9% of the ETH supply\n(of 122.1 million ETH).\n\n\"Bitmine's total ETH holdings now exceed 6 million.  This is a tremendous\nachievement, accumulating this total in under 15 months.  We are already\nseeing the synergies and positive network effects from our accumulating nearly\n5% of ETH total supply.\" stated Thomas \"Tom\" Lee, Chairman of Bitmine.\n\n\"Moreover, we continue to see affirming signs that a crypto bull market is\nunderway, having started in late June. In our view, institutions are still\nunderweight crypto and we expect them to be adding to their exposure in the\nfinal months of 2026.  With only a little more than a week left in calendar\nthird quarter (3Q26), the outperformance of Ethereum as a macro asset\ncontinues to strengthen.  For the calendar quarter to date, ETH is\noutperforming by 6,728bp, dwarfing other macro assets.\" stated Lee.\n\nTom Lee will also deliver the keynote at Korea Blockchain Week 2026 on\nSeptember 30 at 11:20 a.m. (KST) at Walkerhill Hotels & Resorts in Seoul. The\n25-minute keynote is part of Korea Blockchain Week, one of Asia's leading\nblockchain and digital asset conferences. Additional information is available\non the Korea Blockchain Week website\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=2466496737&u=https%3A%2F%2Fkoreablockchainweek.com%2F&a=Korea+Blockchain+Week+website).\n\n\"Over the past week, we acquired 17,362 ETH. Bitmine's track record of\nconsistent buying of crypto is unmatched by any public company in the world.\nBitmine has bought ETH each and every week since the inception of the ETH\nTreasury Strategy on June 30, 2025,\" stated Lee.\n\nOn July 16, 2026, Bitmine released the latest Chairman's Message (link here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=4069182204&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=link+here))\nfor July 2026, entitled \"ETH is the cure for the Uncanny Valley of Wealth.\"\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator\nNetwork), the institutional-grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN has expanded to\nserve institutional investors, custodians, and ecosystem partners seeking\nbest-in-class staking infrastructure. A portion of Bitmine's ETH is already\nstaked on the MAVAN platform.\n\nAs of September 27, 2026, Bitmine's total staked ETH stands at 5,067,309\n($13.7 billion at $2,698 per ETH). \"Bitmine has staked more ETH than other\nentities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN\nand its staking partners), the projected ETH staking reward would be $424\nmillion on an annualized basis (using 2.62% 7-day BMNR yield),\" stated Lee.\n\n\"Annualized staking revenues are now projected at $358 million. And this 5.1\nmillion ETH is 84% of the 6.00 million ETH held by Bitmine. Bitmine's own\nstaking operations generated a 7-day yield of 2.62% (annualized),\" continued\nLee.\n\nBitmine is one of the most widely traded stocks in the US. According to data\nfrom Fundstrat, the stock has traded average daily dollar volume of $1.1\nbillion (5-day average, as of September 25, 2026), ranking #94 in the US,\nbehind Twilio Inc (rank #93) and ahead of Philip Morris International (rank\n#95) among 5,704 US-listed stocks (statista.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783730-1&h=2374343068&u=http%3A%2F%2Fstatista.com%2F&a=statista.com) and\nFundstrat research).\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 845,080 BTC valued at\napproximately $75 billion. Bitmine remains the largest ETH treasury in the\nworld. \n\nBitmine management believes the GENIUS Act and the Securities and Exchange\nCommission's (SEC) Project Crypto are as transformational to financial\nservices in 2026 as the US action on August 15, 1971, which ended the Bretton\nWoods system and took the U.S. dollar off the gold standard 55 years ago. This\n1971 event was the catalyst for the modernization of Wall Street, creating the\niconic Wall Street titans and financial and payment rails of today. These\nproved to be better investments than gold.\n\nThe Chairman's message can be found here:\n\nhttps://www.Bitminetech.io/chairmans-message\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/ \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/ \n\nAbout Bitmine\n\nBitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its\nsubsidiaries (\"Bitmine\" or the \"Company\"), is a blockchain technology\ninfrastructure company operating across institutional digital asset staking\nand validation services, bitcoin mining, and strategic digital asset\nmanagement. As the world's leading Ethereum Treasury company, it implements an\ninnovative digital asset strategy for institutional investors and public\nmarket participants. The Company provides institutional-grade staking and\nvalidation infrastructure—through which it earns staking rewards and\nvalidation income—alongside bitcoin mining activities. Bitmine holds digital\nassets strategically, generating yield on those holdings to support liquidity\nand capital formation. Since 2025, the Company has expanded its blockchain\ninfrastructure capabilities, including developing and deploying MAVAN, its\ninstitutional staking and validation platform. The Company's activities\nfurther include investments in early-stage blockchain opportunities\n(\"moonshot\" investments) and ancillary mining, hosting, and consulting\nservices.\n\nFor additional details, follow on X:\n\nhttps://x.com/bitmnr\n\nhttps://x.com/fundstrat\n\nCautionary Note on Forward Looking Statements\n\nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Private Securities Litigation Reform Act\nof 1995, as amended. Forward-looking statements include all statements that\nare not purely historical and can generally be identified by terms such as\n\"expects,\" \"projects,\" \"intends,\" \"plans,\" \"believes,\" \"anticipates,\"\n\"estimates,\" \"forecasts,\" \"targets,\" \"goals,\" \"may,\" \"will,\" \"would,\" \"could,\"\n\"should,\" \"view,\" \"see,\" or similar expressions, or the negative of such\nterms, or other comparable terminology. This press release specifically\ncontains forward-looking statements regarding, among other things: (i) the\nCompany's goal of acquiring 5% of the total ETH supply (the \"Alchemy of 5%\"\ninitiative) and statements that the Company is 98% of the way to achieving\nthis goal in 15 months; (ii) the Company's digital asset accumulation and\ntreasury strategy, including statements regarding continued weekly ETH\nacquisitions since the inception of the ETH Treasury Strategy on June 30, 2025\nand the Company's status as the largest ETH treasury in the world; (iii) the\nCompany's staking operations, including projected annualized ETH staking\nrewards of approximately $424 million at scale (assuming Bitmine's ETH is\nfully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield)\nand currently projected annualized staking revenues of approximately $358\nmillion; (iv) MAVAN's expansion to serve institutional investors, custodians,\nand ecosystem partners seeking best-in-class staking infrastructure, and its\nintended position as a premier Ethereum staking destination for BMNR and\ninstitutional investors; (v) statements regarding ETH's performance as the\nbest performing macro asset in Q3 2026 to date, outperforming the S&P 500 by\n6,728bp; (vi) management's belief that institutions are still underweight\ncrypto and the expectation of institutional investors adding to their crypto\nexposure in the final months of 2026; (vii) management's belief that a crypto\nbull market is underway, having started in late June; (viii) management's\nbelief that the GENIUS Act and SEC Project Crypto are as transformational to\nfinancial services in 2026 as the end of the Bretton Woods system in 1971 and\nthat investments resulting therefrom will prove better than gold; (ix)\nstatements regarding the Company's investments, including that its investment\nin Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to\nOpenAI and its $180 million stake in Beast Industries; and (x) statements\nregarding the value of the Company's crypto, cash, marketable securities, and\n\"moonshot\" holdings, including aggregate holdings of $17.2 billion and ETH\nholdings representing 4.9% of the total ETH supply.\n\nThese forward-looking statements involve substantial risks and uncertainties\nthat could cause actual results to differ materially from those expressed or\nimplied. Factors that could cause or contribute to such differences include,\nbut are not limited to: the extreme volatility and unpredictability of digital\nasset prices, including ETH and Bitcoin, and the speculative nature of digital\nasset investments; the risk that historical ETH price movements and relative\nperformance versus other macro assets will not recur or are not indicative of\nfuture performance; the Company's reliance on third-party pricing sources\n(including Coinbase) and reported market values in calculating the value of\nits crypto, cash, marketable securities, and \"moonshot\" holdings, and the risk\nthat such values fluctuate materially after the date and time referenced in\nthis release; changes in market conditions affecting the trading price and\ntrading volume of the Company's common stock and Series A Preferred Stock, and\nthe risk that the Company's inclusion in the Russell 1000 index does not\nproduce anticipated benefits; the Company's ability to successfully execute\nits digital asset acquisition strategy, continue its record of weekly ETH\nacquisitions, and achieve its ETH accumulation targets, including the \"Alchemy\nof 5%\" goal; the Company's ability to finance its business operations,\nEthereum treasury operations, and MAVAN expansion; operational, security, and\ntechnological risks associated with the Company's staking and validation\noperations, including network failures, slashing events, cybersecurity\nbreaches, and protocol changes; the risk that actual staking participation,\nyields, rewards, and revenues differ materially from the projected amounts\ndescribed in this release, which are based on a 7-day yield and assume ETH is\nfully staked at scale; competition in the digital asset treasury, staking, and\nmining industries; the Company's dependence on key personnel, including\nexecutive leadership; regulatory developments affecting digital assets,\nblockchain technology, and staking activities in the United States and\nglobally, including the ultimate enactment, implementation, and interpretation\nof the GENIUS Act and other pending legislation and regulatory initiatives;\nactions by the SEC, CFTC, and other regulatory bodies affecting digital assets\nand related businesses; risks related to the Company's investments in\nearly-stage blockchain opportunities (\"moonshot\" investments), including the\ninvestments in Eightco Holdings (including the nature and extent of any\nindirect exposure to OpenAI) and Beast Industries; macroeconomic factors,\nincluding inflation, interest rates, Federal Reserve monetary policy, labor\nmarket conditions, war risks, rising yields, and general economic conditions\naffecting investor sentiment toward digital assets; the unpredictability of\ncryptocurrency market cycles and the accuracy of management's expectations\nregarding institutional participation; changes to the Ethereum protocol,\nincluding staking mechanics, validator requirements, and reward structures;\nthe performance of third-party service providers, exchanges, custodians, and\nstaking partners; risks related to the concentration of the Company's assets\nin digital currencies, particularly Ethereum; and the other risk factors\ndescribed in the Company's filings with the SEC.\n\nThe forward-looking statements contained in this press release are based on\ninformation available to management as of the date of this release and reflect\nmanagement's current expectations, estimates, forecasts, projections, views,\nand beliefs concerning future events and circumstances. Actual results may\nvary materially from those expressed or implied by forward-looking statements\nbased on a number of factors, including those described above and in the Risk\nFactors section of the Company's Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025 filed with the SEC on November 21, 2025, the\nCompany's Quarterly Reports on Form 10-Q, and the Company's other filings with\nthe SEC, as amended or updated from time to time. Copies of these filings are\navailable on the SEC's website at www.sec.gov and on the Company's website at\nhttps://Bitminetech.io/investor-relations/. The Company cautions readers not\nto place undue reliance on any forward-looking statements, which speak only as\nof the date on which they are made. Bitmine expressly disclaims any obligation\nor undertaking to update, revise, or supplement any forward-looking statements\nto reflect any change in its expectations or any change in events, conditions,\nor circumstances on which any such statements are based, except as required by\napplicable law or regulation.\n\n\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-over-6-million-tokens-with-total-crypto-cash--marketable-securities-holdings-of-17-2-billion-302891187.html\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1997054/1.jpg?id=OA2973005\nhttps://mmx.prnewswire.com/media/MS1997055/2.jpg?id=OA2973006\nhttps://mmx.prnewswire.com/media/MS1997056/3.jpg?id=OA2973007\nhttps://mmx.prnewswire.com/media/MS1997057/4.jpg?id=OA2973008\nhttps://mmx.prnewswire.com/media/MS1826395/Bitmine-Immersion-Technologies-Logo.jpg?id=OA2973009\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-28T12:30:01.916905615Z","server_sent_at_ms":1790598601916},"received_at":"2026-09-28T12:30:01.968Z","source_url":null},"analysis":{"id":"142903","press_release_id":"154128","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":["Value of holdings fully exposed to ETH price volatility; figures are point-in-time at $2,698/ETH","Staking reward projections based on a 2.62% 7-day yield annualized and full staking at scale — assumptions may not hold","Highly promotional release; ~90% of assets concentrated in a single crypto asset"],"eventType":"operations_update","narrative":"Bitmine's ETH holdings crossed 6 million tokens (6,001,302) as of September 27, 2026, valued at $2,698 per ETH and representing 4.9% of the total ETH supply.\n\nTotal crypto, cash and marketable securities plus moonshot holdings reached $17.2 billion, including $672 million in cash and securities, a $115 million Eightco (ORBS) stake, and a $180 million Beast Industries stake.\n\nThe company has staked 5,067,309 ETH worth $13.7 billion via its MAVAN platform, projecting $424 million in annualized staking rewards at scale and $358 million in annualized staking revenues.\n\nManagement, citing Chairman Tom Lee, says ETH is outperforming the S&P 500 by 6,728bp quarter-to-date and institutions remain underweight crypto heading into late 2026.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Largest ETH treasury crosses 6 million tokens (~4.9% of supply) with $17.2B total holdings and growing staking revenue projections."},"keyFigures":{"customDimensions":{"staked_eth":5067309,"btc_holdings":213,"eth_holdings":6001302,"eth_price_usd":2698,"eightco_stake_usd":115000000,"pct_of_eth_supply":"4.9%","total_holdings_usd":17200000000,"staked_eth_value_usd":13700000000,"weekly_eth_purchases":17362,"beast_industries_stake_usd":180000000,"avg_daily_dollar_volume_usd":1100000000,"eth_outperformance_vs_sp500_q3td":"6,728bp","cash_and_marketable_securities_usd":672000000,"annualized_staking_rewards_projection_usd":424000000,"annualized_staking_revenues_projection_usd":358000000}},"quotedText":"Bitmine's total ETH holdings now exceed 6 million.  This is a tremendous achievement, accumulating this total in under 15 months.","namedEntities":{"people":[{"name":"Thomas \"Tom\" Lee","role":"Chairman"},{"name":"Cathie Wood","role":"institutional investor (ARK)"},{"name":"Bill Miller III","role":"institutional investor"}],"products":["MAVAN (Made in America VAlidator Network)","Ethereum (ETH)","Bitcoin (BTC)"],"companies":[{"name":"Bitmine Immersion Technologies, Inc.","ticker":"BMNR"},{"name":"Coinbase","ticker":"COIN","relationship":"pricing source"},{"name":"Eightco Holdings","ticker":"ORBS","relationship":"investment (moonshot)"},{"name":"Strategy Inc.","relationship":"comparator (larger BTC treasury)"},{"name":"ARK","relationship":"investor"},{"name":"Founders Fund","relationship":"investor"},{"name":"Pantera","relationship":"investor"},{"name":"Kraken","relationship":"investor"},{"name":"DCG","relationship":"investor"},{"name":"Galaxy Digital","relationship":"investor"},{"name":"MOZAYYX","relationship":"investor"}],"dollarAmounts":[{"amount":"$17.2 billion","context":"total crypto, cash & marketable securities + moonshot holdings"},{"amount":"$13.7 billion","context":"value of 5,067,309 staked ETH at $2,698 per ETH"},{"amount":"$672 million","context":"total cash & marketable securities"},{"amount":"$115 million","context":"stake in Eightco Holdings"},{"amount":"$180 million","context":"stake in Beast Industries"},{"amount":"$424 million","context":"projected annualized ETH staking rewards at scale"},{"amount":"$358 million","context":"projected annualized staking revenues"},{"amount":"$1.1 billion","context":"5-day average daily dollar trading volume"},{"amount":"approximately $75 billion","context":"value of Strategy Inc.'s 845,080 BTC"}]},"materialImpact":{"score":3,"reasoning":"Material treasury milestone update: ETH holdings crossed 6 million tokens (4.9% of supply) and total crypto, cash and marketable securities reached $17.2 billion. However, this is an issuer-promotional holdings disclosure, not a new earnings, financing, or strategic event."},"tickerRelevance":{"others":[{"ticker":"COIN","relevance":"pricing source for ETH"},{"ticker":"ORBS","relevance":"subsidiary investment / moonshot holding"}],"primary":"BMNR"},"globalImportance":45,"audienceRelevance":65,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap retail favorite","eventGravity":"treasury_holdings_milestone","issuerAuthored":true,"retailFavoriteBoost":true}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Bitmine's ETH holdings crossed 6 million tokens (6,001,302) as of September 27, 2026, valued at $2,698 per ETH and representing 4.9% of the total ETH supply.\n\nTotal crypto, cash and marketable securities plus moonshot holdings reached $17.2 billion, including $672 million in cash and securities, a $115 million Eightco (ORBS) stake, and a $180 million Beast Industries stake.\n\nThe company has staked 5,067,309 ETH worth $13.7 billion via its MAVAN platform, projecting $424 million in annualized staking rewards at scale and $358 million in annualized staking revenues.\n\nManagement, citing Chairman Tom Lee, says ETH is outperforming the S&P 500 by 6,728bp quarter-to-date and institutions remain underweight crypto heading into late 2026.","key_figures":{"customDimensions":{"staked_eth":5067309,"btc_holdings":213,"eth_holdings":6001302,"eth_price_usd":2698,"eightco_stake_usd":115000000,"pct_of_eth_supply":"4.9%","total_holdings_usd":17200000000,"staked_eth_value_usd":13700000000,"weekly_eth_purchases":17362,"beast_industries_stake_usd":180000000,"avg_daily_dollar_volume_usd":1100000000,"eth_outperformance_vs_sp500_q3td":"6,728bp","cash_and_marketable_securities_usd":672000000,"annualized_staking_rewards_projection_usd":424000000,"annualized_staking_revenues_projection_usd":358000000}},"named_entities":{"people":[{"name":"Thomas \"Tom\" Lee","role":"Chairman"},{"name":"Cathie Wood","role":"institutional investor (ARK)"},{"name":"Bill Miller III","role":"institutional investor"}],"products":["MAVAN (Made in America VAlidator Network)","Ethereum (ETH)","Bitcoin (BTC)"],"companies":[{"name":"Bitmine Immersion Technologies, Inc.","ticker":"BMNR"},{"name":"Coinbase","ticker":"COIN","relationship":"pricing source"},{"name":"Eightco Holdings","ticker":"ORBS","relationship":"investment (moonshot)"},{"name":"Strategy Inc.","relationship":"comparator (larger BTC treasury)"},{"name":"ARK","relationship":"investor"},{"name":"Founders Fund","relationship":"investor"},{"name":"Pantera","relationship":"investor"},{"name":"Kraken","relationship":"investor"},{"name":"DCG","relationship":"investor"},{"name":"Galaxy Digital","relationship":"investor"},{"name":"MOZAYYX","relationship":"investor"}],"dollarAmounts":[{"amount":"$17.2 billion","context":"total crypto, cash & marketable securities + moonshot holdings"},{"amount":"$13.7 billion","context":"value of 5,067,309 staked ETH at $2,698 per ETH"},{"amount":"$672 million","context":"total cash & marketable securities"},{"amount":"$115 million","context":"stake in Eightco Holdings"},{"amount":"$180 million","context":"stake in Beast Industries"},{"amount":"$424 million","context":"projected annualized ETH staking rewards at scale"},{"amount":"$358 million","context":"projected annualized staking revenues"},{"amount":"$1.1 billion","context":"5-day average daily dollar trading volume"},{"amount":"approximately $75 billion","context":"value of Strategy Inc.'s 845,080 BTC"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-28T12:30:17.021Z","global_importance":45,"audience_relevance":65,"importance_components":{"tickerTier":"mid-cap retail favorite","eventGravity":"treasury_holdings_milestone","issuerAuthored":true,"retailFavoriteBoost":true}},"durationMs":9961,"modelName":"glm-5.3-flashx"}}