Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion

(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 $14.5 billion.

As of November 1, 2026 at 4:00pm ET, the Company's crypto holdings are comprised of 6,060,506 ETH at $2,261 per ETH (per Coinbase NASDAQ: COIN), 216 Bitcoin (BTC), $180 million stake in Beast Industries, $82 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $498 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.2 million ETH).

"Late last week, Binance was hacked and $6.3 billion of customers' funds was stolen. According to reports by Binance and other media sources, the exploit stems from an infiltration of a contractor into Binance's corporate infrastructure. The FBI has named North Korea (DPRK) as the perpetrator. While this is a terrible development, in my view, the relatively muted crypto market reaction is very constructive, particularly compared to the market's response to prior sizable crypto thefts," stated Thomas "Tom" Lee, Chairman of Bitmine.

"In February 2025, ByBit was also hacked by DPRK (with a very different methodology) and $1.5 billion of customer crypto was stolen. The day the ByBit theft was announced, ETH fell 8% and was down 20% within a week. By contrast, since the Binance theft was disclosed, ETH went down 4%. We believe this is a far more muted market reaction despite the size of the theft being approximately quadruple the size," continued Lee.

"We believe there are 6 reasons that explain why the Binance theft has a muted market reaction. These are:

• Binance has the financial capabilities to cover all customer losses.

• There was not a 'cascade' of Defi protocol failures, as was seen post-ByBit theft.

• Swift industry action cut potential loss by 50%.

• FBI named North Korea (DPRK) as the responsible party within 2 days of the theft. Historically, authorities have taken as long as 180 days to name DPRK in prior heists.

• Exploit was a "corporate infiltration" of Binance infrastructure and not a blockchain exploit.

• Limited price downside is a sign that a crypto "bull market" is underway, notwithstanding recent price declines.

And taken altogether, we believe this is a sign that the crypto industry is increasingly resilient and more capable of absorbing these nation-state assaults on financial infrastructure," stated Lee.

"Over the past week, we acquired 8,573 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

On October 7, Bitmine released its latest Chairman's message titled "Crypto Bull Underway — This Cycle Likely the Largest." The presentation is available at the Bitmine website (presentation link).

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 has expanded 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 November 1, 2026, Bitmine total staked ETH stands at 5,227,037 ($11.8 billion at $2,261 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 would be $415 million on an annualized basis (using 3.03% 7-day BMNR yield). This compares to annualized staking revenues at $358 million based upon 5.2 million staked ETH (86% of the 6.06 million ETH held by Bitmine)," continued Lee.

Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 848,517 BTC valued at approximately $71 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 U.S. 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.