# Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.85 Million Tokens, and Total Crypto and Total Cash Holdings of $14.9 Billion - Link: https://www.thailand-business-news.com/pr-news/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-85-million-tokens-and-total-crypto-and-total-cash-holdings-of-14-9-billion - Published: 2026-08-24T19:30:00+07:00 - Author: PR Newswire | | **_Bitmine owns 4.8% of the total ETH coin supply of 120.7 million_** **_Bitmine is 97% of the way to the ‘Alchemy of 5%’ in just 14 months_** **_ETH gained 30% in the past week, the largest weekly gain since May 2025 and July 2021._** **_Both precedent instances were followed by subsequent gains of +170% and +167%, respectively._** **_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 $12.4 billion at $2,440 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors_** **_Bitmine owns $89 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 $14.9 billion, including 5.85 million ETH tokens, total cash & marketable securities of $308 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., Aug. 24, 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 $14.9 billion. [⌊Bitmine Weekly Update⌉](https://mmx.prnasia.com/media/MS1974095/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA2905605&p=medium600) Bitmine Weekly Update As of August 23, 2026 at 2:00pm ET, the Company’s crypto holdings are comprised of 5,847,611 ETH at $2,440 per ETH (per Coinbase NASDAQ: COIN), 210 Bitcoin (BTC), $180 million stake in Beast Industries, $89 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $308 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH). "ETH gained 30% in the past week. This is the largest weekly gain since May 2025, prior to that it was July 2021. In those two precedent instances, this weekly gain of >30% signaled a launch point for a larger move in ETH. In July 2021, ETH subsequently gained +167% and after May 2025, ETH gained +170%," stated Thomas "Tom" Lee, Chairman of Bitmine. "We expect easing financial conditions to be a tailwind for crypto." "We believe this upside move in ETH was overdue given the strengthening fundamentals in crypto, the multiple tailwinds of Wall Street tokenization, and agentic-AI. Moreover, the fact that the White House signaled support for crypto and the Treasury buying long-term bonds supported improved risk appetite," stated Lee. "This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to bitcoin. These prior cycles were fueled by ICOs (2017- 2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains," continued Lee. "Over the past week, we acquired 32,447 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago," stated Lee. On July 16, 2026, Bitmine released the latest Chairman’s Message ([link here](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=455400755&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=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 intends to expand 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 August 23, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.4 billion at $2,440 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 is $381 million on an annualized basis (using 2.67% 7-day BMNR yield)," stated Lee. "Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 87% of the 5.85 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.67% (annualized)," continued Lee. Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $70 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](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=3884133204&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=https%3A%2F%2Fwww.Bitminetech.io%2Fchairmans-message) The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: [https://Bitminetech.io/investor-relations/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=750563821&u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&a=https%3A%2F%2FBitminetech.io%2Finvestor-relations%2F) To stay informed, please sign up at: [https://Bitminetech.io/contact-us/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=2984633006&u=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F&a=https%3A%2F%2FBitminetech.io%2Fcontact-us%2F) **About BitmineBitmine 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://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=4266900171&u=https%3A%2F%2Fx.com%2Fbitmnr&a=https%3A%2F%2Fx.com%2Fbitmnr) [https://x.com/fundstrat](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=1344091414&u=https%3A%2F%2Fx.com%2Ffundstrat&a=https%3A%2F%2Fx.com%2Ffundstrat) **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 regarding its progress toward this goal; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions 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 $381 million at scale (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners), currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.67% (annualized); (iv) MAVAN’s intended 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 institutional investors; (v) expectations regarding future ETH price performance, including statements that ETH’s recent weekly gain of more than 30% signals "a launch point for a larger move in ETH" and references to subsequent gains of +167% and +170% following prior comparable weekly gains; (vi) management’s expectation that easing financial conditions will be "a tailwind for crypto" and that the recent upside move in ETH "was overdue given the strengthening fundamentals in crypto," including the anticipated effects of Wall Street tokenization, agentic-AI, signals of White House support for crypto, and Treasury purchases of long-term bonds; (vii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are "as transformational to financial services" as the end of the Bretton Woods system in 1971, and that the resulting investments will prove better than gold; (x) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI, and its investment in Beast Industries; and (xi) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy, blockchain infrastructure capabilities, and MAVAN staking platform. 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, including prior weekly gains and the price appreciation that followed them, will not recur or are not indicative of future performance; the Company’s reliance on third-party pricing sources 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 of the Company’s common stock and Series A Preferred Stock; the Company’s ability to successfully execute its digital asset acquisition strategy 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; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership; 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 and Beast Industries and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management’s expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; 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; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; 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](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=3641310118&u=https%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and on the Company’s website at [https://Bitminetech.io/investor-relations/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757824-1&h=750563821&u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&a=https%3A%2F%2FBitminetech.io%2Finvestor-relations%2F). 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. [⌊ETH: 30% weekly gain, the highest since May 2025⌉](https://mmx.prnasia.com/media/MS1974094/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA2905604&p=medium600) ETH: 30% weekly gain, the highest since May 2025 [⌊ETH/BTC ratio: Future tailwinds of Tokenization and Al⌉](https://mmx.prnasia.com/media/MS1974096/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA2905606&p=medium600) ETH/BTC ratio: Future tailwinds of Tokenization and Al [⌊STAKING: BMNR now staking over 5 million ETH as of Aug 23, 2026⌉](https://mmx.prnasia.com/media/MS1974097/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA2905607&p=medium600) STAKING: BMNR now staking over 5 million ETH as of Aug 23, 2026 --- | This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. | --- **Read the original article :** [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.85 Million Tokens, and Total Crypto and Total Cash Holdings of $14.9 Billion ](http://www.prnasia.com/story/archive/5031891_AE31891_0?rand=184833)