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, Conn., Sept. 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.

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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion

SHENZHEN, China, Sept. 26, 2026 /PRNewswire/ -- On September 23, the 5th GMIF2026 Innovation Summit successfully concluded at the Renaissance Shenzhen Bay Hotel. Co-hosted by the Shenzhen Memory Industry Association (SMIA) and School of Integrated Circuits at Peking University, the summit, themed "The Future Built on AI Memory and Storage," has brought together industry forces from IDMs, controllers, and memory solution providers to OSATs, equipment and material suppliers, server and AI infrastructure vendors, automotive electronics companies, AI applications developers, academic institutions, and investors. In-depth discussions explored the evolution of memory and storage technologies, industry trends, and application innovations in the AI era.

As AI training and inference workloads continue to scale, the boundaries of memory and storage technology and its applications keep expanding — from storage media and controllers to system architecture and AI applications themselves. GMIF 2026 approached the industry through the lens of the token economy, spotlighting inference efficiency, enterprise-grade storage, cloud-edge-device coordination, industrial capital, and the shifting global competitive landscape.

Five Years of GMIF: A Platform Built Around the Memory & Storage Industry

The summit officially kicked off with an opening remarks from Rixin Sun, President of the Shenzhen Memory Industry Association (SMIA). He looked back on GMIF's growth since its founding in 2019. Now in its fifth consecutive year, the summit has steadily expanded in scale, industry reach, and influence, with its agenda consistently tracking the pulse of the storage sector.

President Sun said GMIF will continue to pursue a more specialized and differentiated approach going forward — staying close to frontier industry trends and supply-chain coordination, while connecting storage companies with adjacent players in AI compute and end-user applications to drive technical exchange, supply-demand matching, and ecosystem collaboration.

As AI Inference Accelerates, Memory & Storage's Value Climbs

Daniel Yen, Executive Director at Morgan Stanley, opened the technical discussion with a look at how generative and agentic AI are reshaping infrastructure demands. As model weight loading, KV cache management, and data read/write scheduling grow more complex, Daniel noted that AI capital expenditure keeps rising — and memory and storage's share of that investment, and its strategic value, are rising with it. He pointed to the "memory wall" as a defining challenge now driving fresh innovation in storage architecture, advanced packaging, and related technologies.

Yimao Cai, Dean of School of Integrated Circuits at Peking University, addressed the topic from the angle of AI inference architecture, discussing the growing role of high-bandwidth storage and multi-media integration. As large model inference drives up demand for capacity, bandwidth, and cost efficiency, Prof. Cai suggested that high-bandwidth flash (HBF) and heterogeneous multi-media storage architectures stand to play a larger role — combining HBM, NAND, and RRAM to strike a better balance between performance, capacity, and cost for AI inference.

Global IDMs Race to Meet the Demands of Agentic AI

Kevin Yoon, CVP & CTO of Samsung Memory China at Samsung Electronics, discussed memory architecture in the age of agentic AI. As agentic AI drives token generation and KV cache volumes to new heights, AI systems are placing greater demands on capacity, bandwidth, and energy efficiency. He outlined Samsung's progress on Z-NAND, PCIe Gen6 SSDs, and ultra-high-capacity data center SSDs, and discussed how tiering across different storage media can more efficiently support KV cache and model weight storage.

Maya Zhang, Senior Director of Product Marketing at Sandisk, focused on data storage needs in the age of AI inference. As multimodal models, long-context processing, and increasingly sophisticated agents continue to grow KV cache demands, she noted, NAND flash is becoming ever more central to AI infrastructure. She added that more flexible data tiering and reuse across SSDs can improve efficiency for different AI workloads, and that high-density technologies like QLC are set to see broader adoption in AI use cases.

Benny Ni, GAR Sales VP at Solidigm, addressed enterprise SSDs' role in AI infrastructure amid growing data volumes and operational demands. As model size, token counts, and inference complexity all continue to climb, he said, memory offloading and data tiering are becoming core components of AI system architecture — with high-capacity QLC SSDs paired with high-performance storage offering a more efficient, cost-effective data foundation for inference.

Cloud, Edge, and Device: AI Opens New Ground for Memory & Storage

John Xavier Lionel, Head of Global Storage Business at Arm, spoke on system-level coordination in AI inference, noting that inference spans compute, memory, storage, and data movement — all of which require holistic architectural optimization. As small models, quantization, and heterogeneous NPUs continue to advance, he said, AI deployment will increasingly span cloud, edge, and device, with local storage taking on a larger role in hosting model weights, knowledge bases, and application data.

Stanley Huang, AVP at Silicon Motion, focused on storage requirements in multi-agent, concurrent-use scenarios, where differing tasks demand tailored QoS, latency, and resource allocation. He described how Silicon Motion's controller and resource-scheduling technologies improve storage efficiency under complex workloads, spanning enterprise SSDs, server storage, mobile UFS, autonomous driving, and robotics applications.

Sam Sun, Chairman at BIWIN, discussed how AI is simultaneously driving storage demand across data centers, edge, and endpoint devices — each with distinct requirements. In data centers, he noted, AI training and inference are pushing up demand for enterprise SSDs and server memory; at the edge and endpoint, applications like AI/AR glasses, AI PCs, smart vehicles, and industrial equipment are pushing storage toward smaller form factors, lower power consumption, higher reliability, and tighter system integration. Sam Sun said BIWIN continues to leverage its integrated solutions and manufacturing capability across enterprise, embedded, PC and mobile, industrial, and automotive product lines — with innovations like Mini SSDs, ultra-compact embedded storage, and wide-temperature industrial SSDs opening new ground in the AI era.

From Compute Infrastructure to Token Production, Deeper System-Level Integration

Tao Zhou, General Manager of the Server Division at Lenovo ISG China, discussed the concept of the "token factory." As enterprise AI moves from proof-of-concept to large-scale deployment, he said, improving the efficiency of AI infrastructure and sustaining stable token output have become critical industry priorities. He also described how top-level design, data governance, compute optimization, and security management — combined with pooled training/inference resources and hardware-software coordination — are helping enterprise AI infrastructure evolve from simple compute buildout into systematic operations.

Fan Zhang, Chief Computing Architect at NEXWISE, discussed integrated management and scheduling across cloud, compute, and storage resources from an operations standpoint, showing how coordination across compute, storage, and software platforms can improve overall infrastructure efficiency.

Wei Xiong, CTO of Infplane, focused on storage tiering in large model inference, explaining how hot/cold data tiering and intelligent scheduling can shift more inference workload onto SSDs — reducing memory footprint and improving token output efficiency.

Across servers, AI computing centers, and storage systems, deeper coordination among compute, memory, storage, networking, and software scheduling is emerging as a defining trend in AI infrastructure.

From Core Technology to Real-World Application, AI Memory & Storage Ecosystem is Converging Fast

As AI continues to move into automotive, robotics, and enterprise applications, the connection between the storage industry and AI use cases keeps deepening.

Junjia Chen, AI Product Director at SYNCORE, discussed the application of agent architecture in automotive scenarios, focused on smart cockpits and vehicle-wide intelligence.

Lusha Chen, General Manager for APAC at Dify, introduced a "workflow plus agent" model for enterprise AI, connecting large models, corporate knowledge bases, business systems, and end-user applications to embed AI more deeply into enterprise workflows.

Gongjie Liu, Regional Director for Central & Southern China & General Manager of Branch Office at Paratera, discussed multi-model access, unified management, and enterprise AI services built around a MaaS platform.

Zhen Li, VP of Genstoraige, spoke to the concept of "storage-powered compute," covering data hosting, high-speed interconnects, and intelligent scheduling within AI systems.

Yunjie Ye, Chairman of Numbers Law, presented the company's work on next-generation mechanical storage architectures for large-capacity data storage.

Ming Zhao, General Manager of OKN Technology, addressed testing requirements for the AI era, describing how test equipment is evolving to support higher speeds, more complex scenarios, and real-world workload simulation for PCIe 6.0 SSDs, memory, and increasingly demanding AI applications — laying the groundwork for the development and large-scale deployment of next-generation storage products.

The Future Built on AI Memory & Storage

From AI inference to agentic AI, from emerging storage media to enterprise SSDs, from data centers to edge and endpoint devices, and from controllers, packaging, and testing equipment to servers, AI computing platforms, and applications, GMIF 2026 highlighted the technological innovation and industry transformation taking place across the memory and storage ecosystem in response to AI.

The massive volumes of data that AI generates, retrieves, and moves are steadily elevating memory and storage's role within the broader computing stack. Demand for high-capacity, high-bandwidth, and high-reliability storage in data centers continues to climb, while emerging endpoints — AI PCs, smart vehicles, AI/AR glasses, robotics — keep opening new application space. Together, cloud, edge, and device are shaping a richer and more complex set of storage requirements for the AI era.

Meanwhile, the technology itself keeps moving — HBM, HBF, NAND flash, enterprise SSDs, and a handful of newer media all advancing in parallel, with controllers, packaging, testing, and software scheduling evolving alongside them into tighter, more coordinated systems.

Now in its fifth successful year, GMIF has established itself as a leading platform for exchange across the global memory and storage industry. Looking ahead, GMIF will continue to focus on technological innovation, industry trends, and supply-chain collaboration — bringing together key players from across the global industry, pursuing an increasingly specialized and differentiated event model, and fostering deeper exchange and cooperation across the storage value chain.

Media Contact:

Carina Gu
wenjing.gu@gmif.com.cn 

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AI Memory & Storage: The 5th GMIF2026 Innovation Summit Successfully Concludes in Shenzhen