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