Bitmine Immersion Technologies Announces 6.02 Million ETH Holdings, Establishing Position as Major Institutional Ethereum Stakeholder

New York, October 5, 2026. Bitmine Immersion Technologies (NASDAQ: BMNR) today announced its Ethereum holdings have reached 6.02 million tokens, representing approximately 5.1% of Ethereum's circulating supply and positioning the company among the top institutional ETH holders globally. Combined with additional digital assets and cash equivalents, BMNR's total crypto and liquid holdings now stand at $17.4 billion.

The announcement marks a significant milestone in BMNR's corporate treasury strategy, which prioritizes Ethereum as foundational digital infrastructure. The company's 6.02 million token position constitutes the substantial majority of its total asset base, with the remainder held in cash, marketable securities, and other liquid instruments.

BMNR's disclosure arrives during a period of accelerating institutional integration across digital asset markets. Deutsche Börse acquired a stake in Kraken at a $13.3 billion valuation in April 2026. In August 2026, the NYSE approved Grayscale's Zcash ETF, the first institutional privacy coin product, while Vietnam announced plans to finalize a regulated crypto market framework by mid-2027. These developments follow the SEC's 2024 approval of Bitcoin and Ethereum spot ETFs, which opened direct institutional access to digital assets at scale.

Ethereum's ecosystem metrics inform the strategic rationale. The network hosts over 70% of decentralized finance total value locked and serves as primary infrastructure for the emerging tokenized real-world asset sector. Layer 2 solutions including Arbitrum, Optimism, and Polygon have collectively accumulated tens of billions in TVL. The AI agent economy, valued at $14.2 to $20.1 billion as of September 2026, is building predominantly on Ethereum infrastructure.

BMNR's $17.4 billion total holdings encompass ETH, cash, and marketable securities, offering the company financial flexibility to manage market volatility, pursue additional acquisitions, or fund operational requirements without forced asset liquidation. The company's ETH position, at 5.1% of circulating supply, also carries governance implications within the Ethereum ecosystem.

The company acknowledged concentration risk as a material consideration. Holding a single digital asset at this scale creates direct exposure to Ethereum-specific regulatory, technological, and market risks. Regulatory reclassification of Ethereum, emergence of competing Layer 1 blockchains, or macroeconomic shocks represent primary downside scenarios. BMNR indicated it monitors these developments continuously and maintains liquidity reserves as a risk management buffer.

About Bitmine Immersion Technologies

Bitmine Immersion Technologies (NASDAQ: BMNR) is an institutional digital asset company focused on cryptocurrency treasury management and blockchain infrastructure investment. The company's strategy centers on accumulating foundational digital assets, with a primary emphasis on Ethereum, as long-term stores of value and infrastructure stakes within the global digital economy.

This press release contains forward-looking statements within the meaning of applicable securities laws. Actual results may differ materially from those anticipated. Digital asset investments involve substantial risk, including potential loss of principal. Past performance does not guarantee future results. This release does not constitute an offer to sell or a solicitation to buy any securities.

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