Bitmine claims to hold 4.9% of the total Ethereum supply, which is a portion of 12.22 million coins.

Bitmine also lists six reasons to explain why the recent theft incident involving Binance still indicates that the crypto industry remains robust.

In just 15 months, Bitmine has completed 99% of the goal of "Alchemy of 5%".

Bitmine released a message on October 7th titled ' Crypto Bull Underway – This Cycle Likely the Largest' (The crypto bull market is unfolding – this cycle could be the largest yet).

Bitmine was included in the Russell 1000 index on June 26, 2026.

The Class A preferred stocks of Bitmine are listed on the New York Stock Exchange, with the trading code BMNP.

According to Bitmine, it holds 5.227037 million ETH that are in a pledged state. Calculated at $2,261 per ETH, the value is 11.8 billion US dollars. MAVAN ( Made in America Validator Network ) is an Ethereum staking platform aimed at BMNR and institutional investors.

Bitmine also holds Eightco (Nasdaq: ORBS) stocks worth $82 million; these stocks are now considered among the few listed shares in the world that can provide investors with indirect access to OpenAI.

The total value of Bitmine's encrypted assets, plus total cash, tradable securities, and “moonshots”, amounts to 14.5 billion US dollars. This includes 6.060506 million ETH, 49.8 million US dollars in cash and tradable securities, as well as other encrypted assets.

Bitmine continues to gain support from a group of well-known institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, as well as private investors Thomas '.Tom' Lee, to support the company in achieving its goal of obtaining 5% of the total ETH supply.

Norwalk, Connecticut, USA, November 2, 2026 / PRNewswire / -- (New York Stock Exchange: BMNR ) Bitmine Immersion Technologies , Inc. ("Bitmine" or "the Company") is a company focused on the Bitcoin and Ethereum networks, with a business focus on accumulating crypto assets for long-term investment. The Company announced today that the total value of its crypto assets, cash, tradable securities, and "moonshots" has reached $14.5 billion.

As of 16:00 Eastern Time on November 1, 2026, the company's holdings in crypto assets include: 6,060,506 ETH, valued at $2,261 per coin (data source: Coinbase, NASDAQ: COIN); 216 Bitcoins (BTC); a stake of $180 million in Beast Industries; a stake of $82 million in Eightco Holdings (NASDAQ: ORBS) ("moonshots"); and a total of $498 million in cash and tradable securities. The ETH holdings of Bitmine account for 4.9% of the total supply of ETH, with a total supply of 122.2 million coins for ETH.

Just last weekend, Binance suffered a hacker attack, resulting in customers losing $6.3 billion. According to reports from Binance and other media, this security vulnerability seems to have originated from a contractor who penetrated the IT infrastructure of Binance. FBI has identified North Korea (DPRK) as the responsible party. Although I consider this a dramatic incident, the reaction of the crypto market has been relatively mild, which is very positive, especially when compared to the market responses after previous major crypto theft incidents, said Bitmine, the chairman of Thomas, in an interview with Tom.

In February 2025, ByBit also suffered a hacker attack from North Korea (in a completely different manner), resulting in customers losing $1.5 billion in crypto assets. On the day that ByBit was disclosed to have been stolen, ETH fell by 8%, and within a week it had fallen by a total of 20%. In contrast, since the theft of Binance was disclosed, ETH has only fallen by 4%. Although the scale of this theft is approximately four times that of the previous one, we believe the market reaction has been much milder," Lee continued.

We believe there are six reasons why the market reaction following the Binance theft incident was mild. They are:

• Binance has sufficient financial capability to cover all customer losses.
• There was no 'chain' failure of the DeFi protocol as occurred after the ByBit event.
• The industry quickly intervened, reducing potential losses by half.
• FBI labeled North Korea (DPRK) as the responsible party just two days after the theft occurred. Historically, in similar cases before this, it took the relevant authorities up to 180 days to identify North Korea as the culprit.
• This attack was carried out by penetrating the ‘Binance infrastructure’ of the company, rather than by exploiting blockchain technology itself.
• The slight decline in price indicates that despite the recent drop, the 'bull market' for cryptocurrencies is still ongoing.

"Overall, we believe this indicates that the crypto industry is becoming more resilient and better able to withstand attacks on financial infrastructure initiated by nations," stated Lee.

Over the past week, we have purchased 8,573 units of ETH. Bitmine has an unrivaled record in continuously buying crypto assets among all listed companies globally. Since launching the ETH vault strategy on June 30, 2025, Bitmine has been purchasing ETH every week, Lee stated.

On October 7th, Bitmine released the latest news from the chairman, titled "The Crypto Bull Market is Unfolding – This Cycle Could Be the Biggest Yet." The relevant presentation can be viewed on the Bitmine website (presentation link).

Earlier in 2026, Bitmine launched MAVAN (which includes Made, in, and America Validator Network), a platform for institutional-level staking. Initially designed to manage Bitmine's own Ethereum wallet, it has since expanded to serve institutional investors, custodians, and ecosystem partners seeking top-tier staking infrastructure. A portion of ETH from Bitmine has already been staked on the MAVAN platform.

As of November 1, 2026, the total amount of ETH pledged for Bitmine is 5.227037 million. Calculated at $2,261 per ETH, this amounts to a value of $1.18 billion. Lee states: "The quantity of ETH pledged by Bitmine exceeds that of any other entity in the world. If operated on a large scale (that is, if all of ETH from Bitmine is pledged through MAVAN and its pledging partners), the annualized pledge rewards are expected to reach $415 million, based on a 7-day yield of 3.03% as per BMNR. In contrast, with the current 5.2 million ETH already pledged, the annualized pledge income is $358 million, which is equivalent to 86% of the 6.06 million ETH held by Bitmine."

The encrypted asset vault of Bitmine ranks first among Ethereum vaults and second globally, only behind Strategy Inc. The latter is said to hold 848,517 BTC, valued at approximately 71 billion US dollars. Bitmine remains the largest Ethereum vault in the world.

Bitmine Management believes that the GENIUS legislation, as well as the " Project Crypto " initiative of the U.S. Securities and Exchange Commission ( SEC ), will have a transformative impact on the financial services industry in 2026, comparable to the impact of the United States' termination of the Bretton Woods system on August 15, 1971, which ended the convertibility of the dollar to gold. This event in 1971 served as a catalyst for the modernization of Wall Street, giving rise to today's financial and payment infrastructure as well as numerous financial giants.

Chairman's messages can be viewed here: https :// www.Bitminetech.io / chairmans-message

Full-year performance presentation for the fiscal year 2025 and institutional introduction can be viewed here: https :// Bitminetech.io / investor-relations /

For continuous updates on the latest information, please register at https :// Bitminetech.io / contact-us.

About Bitmine

Bitmine Immersion Technologies, Inc. (New York Stock Exchange: BMNR) and its subsidiaries ("Bitmine" or "the Company") are a blockchain technology infrastructure company whose business covers institutional-level digital asset pledging and verification services, Bitcoin mining, as well as digital asset strategic management. As the world's largest Ethereum wallet company, the Company is implementing an innovative digital asset strategy for institutional investors and stock market participants. In addition to its Bitcoin mining business, the Company also provides institutional-level pledging and verification infrastructure, thereby earning pledging rewards and verification income. Bitmine holds digital assets with the aim of generating revenue from these assets to support liquidity and capital formation. Since 2025, the Company has continuously strengthened its blockchain infrastructure capabilities, including the development and deployment of its institutional pledging and verification platform MAVAN. The Company's business also includes investments in early-stage, promising projects in the blockchain field ("moonshot"), as well as services related to mining, hosting, and consulting.

For more information, please follow the accounts on X: https :// x.com / bitmnr https :// x.com / fundstrat

Forward-looking Statements Disclaimer

This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not purely historical in nature and can typically be identified by words such as “expects”, “plans”, “intends”, “considers”, “believes”, “anticipates”, “estimates”, “may”, “will”, “should”, or similar expressions. In particular, this press release contains forward-looking statements regarding the following matters: (i) the company’s goal of acquiring 5% of the total ETH supply (“Alchemy of 5%” plan); (ii) the company’s strategy regarding digital asset accumulation and treasury, including continuing to purchase ETH on a weekly basis, as well as the company’s position as the world’s largest ETH treasury; (iii) the company’s staking business, including an estimated annualized ETH staking reward of approximately $415 million at full scale, as well as an estimated annualized staking income of approximately $358 million based on the currently staked ETH; (iv) the expansion of MAVAN to service provider investors, custodians, and ecosystem partners; (v) management’s views on the state of the crypto market, including the belief that a crypto bull market is underway, as well as judgments regarding the market response to the Binance theft incident and the industry’s resilience; (vi) management’s views on the potential impact of the GENIUS legislation and SEC “Project Crypto” on financial services; and (vii) statements regarding the value of the company’s crypto assets, cash, tradable securities, and “moonshot” investments.

These forward-looking statements involve significant risks and uncertainties, which may lead to substantial differences between actual results and the results stated or implied. Factors that could cause such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, particularly of ETH and Bitcoin; the company's reliance on third-party pricing sources and the disclosed market values, which may fluctuate significantly; changes in market conditions that affect the company's securities prices and trading volume; the company's ability to successfully implement its digital asset acquisition strategy and achieve the ETH accumulation targets, including the “Alchemy of 5%” target; the company's ability to fund its business operations and MAVAN expansion; operational, security, and technical risks related to the company's staking and verification business, including network disruptions, cut-off events, cybersecurity vulnerabilities (including thefts and attacks targeting exchanges, custodians, and other industry participants, such as the recent Binance theft incident), as well as changes to protocols; the risk that actual staking earnings, rewards, and revenues may differ significantly from expected amounts; competition in the areas of digital asset treasury management, staking, and mining; the company's dependence on key personnel; regulatory changes affecting digital assets, blockchain technology, and staking business, including the final passage, implementation, and interpretation of the GENIUS Act and other pending legislation; actions taken by SEC, CFTC and other regulatory authorities; risks associated with the company's “moonshot” investments, including Eightco Holdings and Beast Industries; macroeconomic factors, including inflation, interest rates, and overall economic conditions; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians, and staking partners; and other risk factors described in the documents submitted by the company to SEC.

The forward-looking statements in this press release are based on information available to management as of the date of issuance and reflect management’s current expectations, estimates, and judgments regarding future events. Due to the aforementioned factors, as well as those described in the “Risk Factors” section of the company’s annual report 10-K for the fiscal year ending September 30, 2025 (filed on November 21, 2025), the company’s 10-Q quarterly reports, and other documents submitted to SEC, actual results may differ significantly from those stated or implied. The aforementioned documents can be viewed at www.sec.gov and https :// Bitminetech.io / investor-relations. The company reminds readers not to rely excessively on forward-looking statements, which are only valid as of the date they are made. Unless required by applicable law, Bitmine explicitly does not assume any obligation to update or revise forward-looking statements.