Bitmine Immersion Technologies Reports Over 6 Million ETH in Treasury Valued at $17.2 Billion

Executive Summary

On September 28, 2026, Bitmine Immersion Technologies, Inc. (NYSE: BMNR) filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) to provide an operational update regarding its treasury holdings, staking deployment, and digital asset acquisition strategy.

Key Highlights

• ETH Holdings Milestone: Total Ethereum holdings reached 6,001,302 ETH, representing approximately 4.9% of the circulating ETH supply (122.1 million tokens), progressing toward its stated goal of acquiring 5% of all ETH.
• Aggregate Asset Value: Aggregate crypto, cash, marketable securities, and strategic investments totaled $17.2 billion as of September 27, 2026.
  • Ethereum: 6,001,302 ETH (~$16.19 billion at $2,698 per coin).
  • Bitcoin: 213 BTC.
  • Cash & Marketable Securities: $672 million.
  • Strategic Investments: $180 million in Beast Industries; $115 million in Eightco Holdings (NASDAQ: ORBS).
• Staking Operations:
  • 5,067,309 ETH (84% of holdings) is deployed across the institutional-grade MAVAN (Made in America Validator Network) platform and staking partners.
  • Generates an annualized 7-day yield of 2.62%, projecting annualized staking revenue of $358 million currently, with potential scale to $424 million when fully staked.
• Recent Pace of Accumulation: Added 17,362 ETH over the trailing week, continuing an uninterrupted weekly buying cadence established June 30, 2025.

Market & Trading Context

• Trading Volume: BMNR reported an average daily dollar trading volume of $1.1 billion (5-day average as of September 25, 2026).
• Capital Structure: Common stock trades on NYSE under ticker BMNR; 9.50% Series A Perpetual Preferred Stock trades under ticker BMNP.
• Regulatory Status: Because this disclosure was furnished under Item 7.01, the contents of the press release are not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.