Bitmine Immersion Technologies, Inc. (NYSE : BMNR) indicates that as of November 1st, their holdings of cryptocurrencies, cash, tradable securities, and “Moonshots” totaled 14.5 billion US dollars.

As of 16:00 on November 1, 2026 (Eastern Time), the company stated that its cryptocurrency holdings included 6,060,506 units of ETH, valued at $2,261 per unit; 216 bitcoins (BTC); holdings in Beast Industries worth $180 million; holdings in Eightco Holdings (NASDAQ : ORBS) worth $82 million; as well as a total of $498 million in cash and tradable securities.

Bitmine indicates that its ETH holdings are equivalent to 4.9% of ETH's total supply of 122.2 million coins.

Bitmine Chairman Thomas " Tom " Lee indicates that Binance was attacked by hackers over the weekend, resulting in the theft of $6.3 billion in customer funds. Lee states that, according to Binance and other media reports, this attack originated from a contractor's intrusion into the Binance company's infrastructure. FBI has identified North Korea ( DVRK ) as the perpetrator. He said that although this is a "terrifying development," he believes the reaction of the crypto market has been relatively restrained, especially compared to previous major crypto theft incidents.

Lee also indicates that in February 2025, ByBit was also attacked by hackers from DVRK, resulting in a loss of 1.5 billion US dollars. On the day the ByBit theft incident was announced, ETH fell by 8%, and within a week, it fell by a total of 20%; in contrast, after the Binance incident was announced, ETH only fell by 4%.

Lee listed six reasons why he believes the theft incident involving Binance has triggered a relatively mild market reaction:

• Binance has the capability to compensate for all customer losses.
• There was no "chain reaction" of failures like the DeFi protocol failure that occurred after the ByBit incident.
• Rapid industry action reduced potential losses by 50%.
• Within two days of the theft, FBI labeled North Korea as the responsible party; in past similar incidents, it sometimes took up to 180 days for the relevant authorities to identify DVRK.
• This attack is a form of "enterprise penetration" against the infrastructure of Binance, rather than an exploitation of blockchain vulnerabilities.
• A limited price decline indicates that, despite the recent drop in prices, the market may still be in the early stages of an encryption "bull market."

Lee indicates that, overall, this shows that the crypto industry is becoming more resilient and better able to withstand attacks on financial infrastructure from sovereign nations.

According to Lee, the company purchased another 8,573 units of ETH in the past week. He stated that Bitmine's continuous record of buying cryptocurrencies is unmatched among globally listed companies. Since launching the ETH treasury strategy on June 30, 2025, the company has been buying ETH every week.

Bitmine also mentioned that on October 7th, the company released the latest chairman's speech titled “Crypto Bull Underway — This Cycle Likely the Largest”. Relevant presentations can be viewed on the company's website.

The company stated that at the beginning of 2026, it launched MAVAN (which includes Made, in, and America VAlidator Network), a collateral platform aimed at institutional investors. MAVAN was initially used to support Bitmine's own Ethereum treasury, but has now been extended to include institutional investors, custodian institutions, and ecosystem partners. A portion of ETH has already been pledged on the MAVAN platform.

As of November 1, 2026, the total amount of ETH pledged by Bitmine is 5,227,037, which is valued at $11.8 billion at a price of $2,261 per coin. Lee indicates that the quantity of ETH pledged by Bitmine exceeds that of any other institution globally. If operated at full capacity, meaning all of ETH through MAVAN and its pledge partners are pledged, the annual pledge rewards are expected to reach $415 million, calculated at a 7-day BMNR yield rate of 3.03%. In contrast, based on the current approximately 5.2 million ETH that are pledged, the annualized pledge earnings amount to $358 million.

Bitmine ranks first in the holdings of Ethereum and second globally in terms of the scale of its encrypted assets, only behind Strategy Inc. The latter is reported to hold 848,517 BTC, worth approximately 71 billion US dollars. Bitmine remains the largest ETH treasury company in the world.

Management believes that GENIUS Act and the Project Crypto of the U.S. Securities and Exchange Commission ( SEC ) will have a significance for the financial services industry in 2026 that is as profound as the end of the Bretton Woods system on August 15, 1971, when the United States decoupled the dollar from the gold standard. The company states that this event in 1971 spurred the modernization of Wall Street and gave rise to a later generation of large Wall Street giants, as well as today's financial and payment infrastructure.

Bitmine also provides the chairman's speech, financial year 2025 performance presentation, company introduction, and contact information at the end of the document, along with a disclaimer regarding forward-looking statements. The company indicates that these statements involve significant risks and uncertainties regarding ETH holding targets, digital asset strategies, MAVAN expansion, market assessments, potential impacts on GENIUS Act and SEC Project Crypto, as well as the value of the company's cryptocurrencies, cash, tradable securities, and “Moonshot” holdings.