Bitmine reports $17.1B assets, 4.9% of ETH
Bitmine details $17.1 billion of digital assets and investments, including 5.98 million ETH equal to 4.9% of total ETH supply and extensive staking operations.
Rhea-AI Filing Summary
BITMINE IMMERSION TECHNOLOGIES, INC. (BMNP) reported that its crypto, total cash and marketable securities, and “moonshot” investments together total $17.1 billion as of September 20, 2026. This includes 5,983,940 ETH valued at $2,688 per ETH, 212 Bitcoin, a $180 million stake in Beast Industries, and a $105 million stake in Eightco Holdings.
The company’s ETH holdings represent 4.9% of the total ETH supply of 122.1 million, making it the largest reported ETH treasury, with 5,067,309 ETH staked and generating a 7‑day annualized yield of 2.62%. Management cites projected annualized ETH staking rewards of about $421 million at scale and current projected annualized staking revenues of about $357 million.
Bitmine states it has purchased ETH every week since launching its ETH Treasury Strategy on June 30, 2025 and recently added 27,562 ETH over the past week. It highlights inclusion in the Russell 1000 index and average daily trading volume of about $1.2 billion, and notes its MAVAN staking platform now also serves institutional clients.
Positive
- $17.1 billion in combined crypto, cash, marketable securities, and “moonshot” holdings, including major positions in ETH, Bitcoin, Beast Industries, and Eightco.
- ETH holdings of 5,983,940 tokens equal 4.9% of total ETH supply, reinforcing Bitmine’s position as the largest reported ETH treasury.
- Substantial staking operations with 5,067,309 ETH staked, a 2.62% 7‑day annualized yield, and projected annualized staking rewards of $421 million at scale.
- Bitmine reports consistent weekly ETH purchases since June 30, 2025, including 27,562 ETH acquired over the past week, signaling ongoing execution of its treasury strategy.
- Inclusion in the Russell 1000 index and recent average daily dollar trading volume of about $1.2 billion suggests strong market visibility and liquidity.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
Ethereum Treasury financial
staking rewards financial
moonshot investments financial
GENIUS Act regulatory
validator technical
Bretton Woods system financial
FAQ
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What recent ETH purchases has Bitmine (BMNP) disclosed?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging
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an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On September 21, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release (the “Press Release”) announcing an update on the Company’s operations. A copy of the Press Release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated September 21, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Bitmine Immersion Technologies, Inc. | ||
| Dated: September 21, 2026 | By: | /s/ Young Kim |
| Name: | Young Kim | |
| Title: | Chief Financial Officer and Chief Operating Officer | |
Exhibit 99.1
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million
Bitmine is 98% of the way to the ‘Alchemy of 5%’ in just 15 months
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 6,519bp
Tom Lee to deliver the keynote at KBW on September 30, 2026
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 5,067,309 staked ETH, representing $13.6 billion at $2,688 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $105 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $17.1 billion, including 5.98 million ETH tokens, total cash & marketable securities of $714 million, and other crypto holdings
Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH
NORWALK, CT, September 21, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $17.1 billion.
As of September 20, 2026 at 9:00pm ET, the Company’s crypto holdings are comprised of 5,983,940 ETH at $2,688 per ETH (per Coinbase), 212 Bitcoin (BTC), $180 million stake in Beast Industries, $105 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $714 million. Bitmine’s ETH holdings are 4.9% of the ETH supply (of 122.1 million ETH).
“We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto, strengthening crypto fundamentals centered around both tokenization and AI and lastly, the ending of the 4-year cycle. With only little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen. Quarter to date, ETH is outperforming by 6,519bp, dwarfing other macro assets,” stated Thomas “Tom” Lee, Chairman of Bitmine.
“To us, this massive outperformance of ETH in 3Q26 is viewed as a prelude to a potentially stronger up move in the 4th quarter of 2026. Given institutions have underweighted crypto in 2026, partially due to the outperformance of AI stocks in early 2026, we expect institutions to substantially increase their exposure in the final 3 months of 2026. We believe this could add meaningful upside to the gains seen since June 30th,” continued Lee.
Tom Lee will also deliver the keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. at Walkerhill Hotels & Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, one of Asia’s leading blockchain and digital asset conferences. Additional information is available on the Korea Blockchain Week website.
“Over the past week, we acquired 27,562 ETH. Bitmine’s track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of its ETH Treasury Strategy on June 30, 2025,” stated Lee.
On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”
Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of September 20, 2026, Bitmine total staked ETH stands at 5,067,309 ($13.6 billion at $2,688 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $421 million on an annualized basis (using 2.62% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $357 million. And this 5.1 million ETH is 85% of the 5.98 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.62% (annualized),” continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.2 billion (5-day average, as of September 18, 2026), ranking #100 in the US, behind Eaton Corp (rank #99) and ahead of Ciena Corp (rank #101) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 845,080 BTC valued at approximately $75 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine management believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view,” “see,” or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply (the “Alchemy of 5%” initiative) and statements that the Company is 98% of the way to achieving this goal in 15 months; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 and the Company’s status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $421 million at scale (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield), currently projected annualized staking revenues of approximately $357 million, the 7-day yield of 2.62% (annualized), and that 85% of Bitmine’s ETH holdings are currently staked; (iv) MAVAN’s expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) the belief that a crypto bull market is underway, having started in late June, driven by the rotation from AI back to crypto, strengthening crypto fundamentals centered around tokenization and AI, and the ending of the 4-year cycle; (vi) statements regarding ETH’s performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 6,519bp; (vii) the belief that ETH’s outperformance in Q3 2026 is a prelude to a potentially stronger up move in Q4 2026 and the expectation that institutions will substantially increase their crypto exposure in the final 3 months of 2026, which could add meaningful upside to the gains seen since June 30th; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (ix) statements regarding the Company’s investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (x) statements regarding the value of the Company’s crypto, cash, marketable securities, and “moonshot” holdings, including aggregate holdings of $17.1 billion and ETH holdings representing 4.9% of the total ETH supply.
These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements, technical analysis indicators, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company’s reliance on third-party pricing sources (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and “moonshot” holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company’s common stock and Series A Preferred Stock, and the risk that the Company’s inclusion in the Russell 1000 index does not produce anticipated benefits; the Company’s ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the “Alchemy of 5%” goal; the Company’s ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; the accuracy of beliefs regarding the existence, timing, duration, and drivers of a crypto bull market, including the expected rotation from AI to crypto, the strengthening of crypto fundamentals, and the timing of the 4-year cycle; the risk that the anticipated stronger up move in Q4 2026 does not occur and that institutions do not increase their crypto exposure as expected; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership and advisors; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities (“moonshot” investments), including the investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and general economic conditions affecting investor sentiment toward digital assets; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company’s assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company’s filings with the SEC.
The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.
SOURCE Bitmine Immersion Technologies, Inc.
MEDIA CONTACT:
Marcy Simon
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