Key Takeaways
- • Bitmine Immersion Technologies (NYSE: BMNR) reported total crypto, cash and marketable securities plus "moonshot" holdings of $15 billion as of October 25, 2026, per a company announcement.
- • Bitmine holds 6,051,933 ETH valued at $2,356 per ETH, equal to 4.95% of the 122.2 million ETH supply, and says it has acquired ETH every week since its ETH Treasury Strategy began on June 30, 2025.
- • Bitmine repurchased 2.04 million shares in the past week at an average price of $22.48 and has bought back 22.9 million shares in 2026 for $399.6 million, which it describes as the largest crypto treasury equity buyback ever executed.
- • Cash and marketable securities total $514 million, alongside a $180 million stake in Beast Industries and a $76 million stake in Eightco Holdings (NASDAQ: ORBS).
- • Bitmine's MAVAN staking platform holds 5,227,037 staked ETH, with management projecting annualized staking rewards of $368 million at full scale.
Summary
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced that its combined crypto, cash and marketable securities and "moonshot" holdings total $15 billion, according to a company announcement dated October 26, 2026. The figures are as of October 25, 2026 at 2:00pm ET. The company's crypto holdings consist of 6,051,933 ETH valued at $2,356 per ETH, per Coinbase, and 215 Bitcoin. Bitmine describes its ETH position as 4.95% of the 122.2 million ETH supply, and it reiterated its goal of acquiring 5% of ETH, which it refers to as the "Alchemy of 5%." Its cash and marketable securities total $514 million.
Chairman Thomas "Tom" Lee said Bitmine acquired 10,452 ETH over the past week. He said the company has bought ETH every week since its ETH Treasury Strategy launched on June 30, 2025. Lee attributed recent crypto weakness to the same risk-off forces behind an AI-related equity sell-off, stating that ETH has fallen 13% from its recent peak while U.S. semiconductors (SOXX) are down 20% over the same period. He argued this points to an underway crypto bull market, a view presented in the company's Chairman's Message released October 7, 2026.
On the buyback front, Bitmine repurchased 2.04 million common shares in the past week at an average price of $22.48. Year to date, it has repurchased 22.9 million shares at an average of $17.48, an aggregate $399.6 million. Lee described this as the largest crypto treasury company common equity buyback ever executed. The company said repurchases depend on market conditions and its existing authorization, and that it is not obligated to repurchase any specific number of shares.
Bitmine's MAVAN (Made in America VAlidator Network) staking platform, launched earlier in 2026, now serves institutional investors, custodians and ecosystem partners as well as Bitmine's own treasury. As of October 25, 2026, Bitmine had 5,227,037 ETH staked, worth $12.3 billion. The company projects annualized staking rewards of $368 million if all its ETH were staked, compared with $318 million on currently staked ETH, based on a 2.58% seven-day BMNR yield. The company also holds a $180 million stake in Beast Industries and a $76 million stake in Eightco Holdings (NASDAQ: ORBS), which it describes as offering indirect exposure to OpenAI. Bitmine is in the Russell 1000 index as of June 26, 2026, and its Series A Preferred Stock trades on the NYSE under BMNP. The company cites backers including Cathie Wood's ARK, Founders Fund, Pantera, Kraken, DCG and Galaxy Digital. Bitmine's filing notes risks including crypto price volatility, staking and validation operations, and regulatory developments such as the GENIUS Act and SEC Project Crypto.
Chairman Thomas "Tom" Lee said Bitmine acquired 10,452 ETH over the past week. He said the company has bought ETH every week since its ETH Treasury Strategy launched on June 30, 2025. Lee attributed recent crypto weakness to the same risk-off forces behind an AI-related equity sell-off, stating that ETH has fallen 13% from its recent peak while U.S. semiconductors (SOXX) are down 20% over the same period. He argued this points to an underway crypto bull market, a view presented in the company's Chairman's Message released October 7, 2026.
On the buyback front, Bitmine repurchased 2.04 million common shares in the past week at an average price of $22.48. Year to date, it has repurchased 22.9 million shares at an average of $17.48, an aggregate $399.6 million. Lee described this as the largest crypto treasury company common equity buyback ever executed. The company said repurchases depend on market conditions and its existing authorization, and that it is not obligated to repurchase any specific number of shares.
Bitmine's MAVAN (Made in America VAlidator Network) staking platform, launched earlier in 2026, now serves institutional investors, custodians and ecosystem partners as well as Bitmine's own treasury. As of October 25, 2026, Bitmine had 5,227,037 ETH staked, worth $12.3 billion. The company projects annualized staking rewards of $368 million if all its ETH were staked, compared with $318 million on currently staked ETH, based on a 2.58% seven-day BMNR yield. The company also holds a $180 million stake in Beast Industries and a $76 million stake in Eightco Holdings (NASDAQ: ORBS), which it describes as offering indirect exposure to OpenAI. Bitmine is in the Russell 1000 index as of June 26, 2026, and its Series A Preferred Stock trades on the NYSE under BMNP. The company cites backers including Cathie Wood's ARK, Founders Fund, Pantera, Kraken, DCG and Galaxy Digital. Bitmine's filing notes risks including crypto price volatility, staking and validation operations, and regulatory developments such as the GENIUS Act and SEC Project Crypto.
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