Bitmine Immersion Technologies (BMNR) announced that their holdings of ETH amount to 6.03 million to

Bitmine holds 4.9% of the total ETH supply, with a cumulative value of $16.2 billion.

Norwalk, Connecticut, October 12, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (hereinafter referred to as “Bitmine” or “the Company”), a company focused on long-term accumulation of cryptocurrency assets on the Bitcoin and Ethereum networks, announced today that the total value of its holdings in cryptocurrencies, cash, and securities, as well as “high-risk, high-reward” investments, has reached $16.2 billion.

As of October 11, 2026, at 1:30 PM ET, Bitmine’s cryptocurrency holdings include: 6,028,946 ETH (valued at $2,544 per unit, based on Coinbase prices), 214 Bitcoins, shares of Beast Industries worth $180 million, shares of Eightco Holdings (NASDAQ: ORBS) worth $85 million (also considered “high-risk, high-reward” investments), as well as $612 million in cash and securities. Bitmine’s holdings of ETH account for 4.9% of the total ETH supply (121.9 million units).

Chairman’s Statement: The crypto bull market is underway, and this cycle could be the largest ever.

On October 7, Bitmine released a new chairman’s statement titled “The Crypto Bull Market Is Underway—This Cycle Could Be the Largest Ever.” Bitmine Chairman Thomas “Tom” Lee said, “We believe Bitmine has the potential to outperform the expected crypto bull market, as the company has strengthened its competitive position during the past crypto bear market.”

Lee继续指出：“我们大部分600万枚ETH的积累发生在加密熊市期间。随着公司接近5%的ETH积累目标，我们认为公司在即将到来的加密牛市前处于极具吸引力的位置。”

战略举措与财务表现

过去一年采取的关键战略举措之一是今年6月发行Bitmine 9.5%永久优先股（BMNP）。BMNP发行价为80美元，最新收盘价为99.53美元。

“自发行以来，BMNP上涨了24%，表现优于固定收益类资产，同期国债（TLT）下跌了8%。”Lee表示，“BMNP确立了ETH信用的基准收益率，为9.56%，比可比比特币信用收益率（STRC）低256个基点，比可比Solana收益率（CHAD）低515个基点。这反映了我认为ETH在收益率和稳定性方面的优越性。”

“我们认为，随着加密市场进入我们预期中的牛市周期，值得注意的是Bitmine股价在2025-2026年熊市中相对于ETH的表现。2026年前9个月，ETH下跌了10%，而BMNR仅下跌3%，实现了731个基点的超额收益。”Lee说道。

“考虑到第三季度出现的重大宏观逆风，包括‘鹰派’美联储、油价飙升、全球债券收益率上升和金融条件普遍收紧，ETH相对于标普500指数6,832个基点的超额收益尤为显著。在该季度，ETH的表现远超其他宏观资产。”Lee补充道。

驱动本轮牛市的主要因素

Based on the following factors, we believe this could become the largest crypto bull market in history. The main drivers include: tokenization; wealth transfer; the absorption of supply by digital asset trusts (DATS); and the use of cryptocurrencies as part of artificial intelligence ecosystems. Robinhood’s CEO, Vlad Tenev, recently stated on CNBC that “a trillion dollars in wealth transfers are currently underway.” According to data from the IRS and Fundstrat, the total value of these wealth transfers is expected to reach between $1.5 trillion and $2 trillion between 2026 and 2028. Lee noted that “these ongoing wealth transfers will support the upcoming crypto bull market, as the people receiving this wealth are younger and may have a higher risk tolerance towards cryptocurrencies compared to stocks. We expect this effect to be even more significant in the coming bull market compared to the previous period from 2019 to 2021, as the amount of wealth transferred this time is expected to be much larger than in the previous cycle.” Additionally, it should be noted that digital asset trusts have absorbed a larger proportion of the crypto supply. “DATS essentially represents a permanent reduction in supply within the crypto market, which is beneficial for the upcoming crypto bull market, especially compared to the period from 2019 to 2021 when DATS wasn’t yet a significant factor,” continued Lee. Over the past week, Bitmine has purchased 12,532 ETH. Bitmine’s consistent history of buying cryptocurrencies is unmatched by any other listed company. Since launching its ETH trust strategy on June 30, 2025, Bitmine has been purchasing ETH every week.

In early 2026, Bitmine launched MAVAN, a institutional-level staking platform. Although MAVAN was initially developed to support Bitmine’s own Ethereum trusts, it now serves institutional investors, custodians, and ecosystem partners who seek top-tier staking infrastructure. Some of Bitmine’s ETH have been staked on the MAVAN platform.

As of October 11, 2026, Bitmine has staked a total of 5,067,309 ETH, valued at $12.9 billion at $2,544 per coin. “The number of ETH staked by Bitmine exceeds that of any other entity in the world. When the scale increases further (when all of Bitmine’s ETH are fully staked through MAVAN and its partner stakers), with an annualized yield of 2.61%, the annual staking rewards could reach $400 million. In comparison, based on Bitmine’s current staking of 5.1 million ETH (which accounts for 84% of Bitmine’s total 6.03 million ETH holdings), the annual staking income would be $336 million,” said Lee.

Industry Position and Regulatory Environment

Bitmine ranks first globally in terms of crypto asset holdings, followed by second among all Ethereum trusts, behind Strategy Inc., which reportedly owns 848,000 BTC, worth approximately $77 billion. Bitmine remains the largest Ethereum trust in the world.

The management of Bitmine believes that the importance of the GENIUS Act and the SEC’s “Project Crypto” initiative in the financial services industry by 2026 is comparable to the event that took place on August 15, 1971, when the United States severed its link between the dollar and gold from the Bretton Woods system. This event was catalyst for the modernization of Wall Street, leading to the emergence of today’s iconic financial giants and payment systems.

Bitmine has received support from a group of top institutional investors, including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, as well as individual investor Thomas “Tom” Lee. These investors are supporting Bitmine’s goal of acquiring a 5% stake in ETH.