Ethereum has shed 12% this October while ETF outflows mount and its next major upgrade sits in limbo. Whether ETH can stage a comeback before month-end depends on a few critical price levels holding or breaking.
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Ethereum (CRYPTO: ETH) needs a significant 13.7% boost in just one week to return to its October opening price of $2,684. This increase would help erase this month’s losses. ETH traded at $2,361, down 12% for the month, after hitting a high of $2,777 on October 2 and a low of $2,313 on October 15.
Currently, ETH is priced 52.3% below its all-time high. With October ending on the 31st, predictions about Ethereum’s month-end price hinge on how much it can realistically move, and in which direction.
ETH Needs a 13.7% Gain to Get Back to Its October Open
With approximately 122.2 million ETH in circulation, Ethereum’s market capitalization stood at roughly $288.5 billion on October 24. If ETH hits $2,684, its market value would rise to about $327.9 billion.
Unlike many cryptocurrencies, Ethereum has no hard supply cap because validators are granted new ETH to secure the network. This means the same price level can represent different market values in different market cycles. For example, ETH reached its all-time high of $4,946 on August 24, 2025, which would place its market value at around $604.2 billion based on current supply levels.
Spot Ether ETFs Have Pulled Money Out Most of October
Spot Ether ETFs are designed to track the actual value of ETH, offering insights into traditional investors’ behaviors. U.S. spot Ether ETFs experienced net withdrawals of $110.5 million on October 22, according to SoSoValue. The funds only saw net inflows on two days in October—October 13 and October 21.
The largest outflow occurred on October 6, when investors withdrew $201.9 million, followed by a notable 9.1% price drop from October 5 to October 8. This ETF selling trend likely contributed to downward pressure on ETH, particularly in the first days of the month.
Cumulative net inflows fell from $13.96 billion on September 28 to $12.71 billion on October 22—a drop of about $ 1.25 billion in less than a month.
Glamsterdam’s Delay and Bitmine’s Buying Pull ETH in Opposite Directions
Glamsterdam is slated to be Ethereum’s next important upgrade. However, in an October 22 announcement titled “Glamsterdam on Hoodi Postponed,” the Ethereum Foundation indicated that the upgrade on the Hoodi test network would not take place on its planned date of October 26.
Developers want extra time to review EIP-8037—a proposal that changes how gas fees, which users pay to execute transactions, interact with existing smart contracts. This delay also postponed a planned increase in gas limits, and no new date for the upgrade has been set yet. Historically, past upgrades have not significantly boosted ETH prices anyway.
On a more positive note, Bitmine Immersion Technologies (NYSEAMERICAN: BMNR | BMNR Price Prediction)—a public company that invests in and holds ETH—reported it holds 6.04 million ETH as of October 19, valued at about $14.3 billion based on the current price. This represents nearly 5% of the total supply. While Bitmine’s buying activity establishes a stable holder for ETH, it hasn’t prevented the token from declining 12% throughout October.
ETH Trades Between $2,313 Support and $2,491 Resistance
When analyzing price trends, support represents levels where buyers typically step in, while resistance marks levels where sellers tend to take control. For ETH, the first support level lies at $2,349, coinciding with the low recorded during the week of October 19. The 30-day low of $2,313 is the next support level, about 2% below the current price.
Resistance levels consist of higher prices where the asset has struggled to maintain upward momentum. The 20-day moving average sits at around $2,491, approximately 5.5% higher, marking the first resistance point. Since October 12, ETH has closed above this mark only once, on October 13, with the weekly high at $2,524 and the 50-day average at $2,548, closely behind.
What Is Our Ethereum Price Prediction for October 31?
We expect ETH to close October somewhere between $2,313 and $2,548. A return to the $2,684 opening price seems unlikely because of ongoing ETF sell-offs and the lack of a new launch date for the Glamsterdam upgrade. For ETH holders, October appears set to end in the red, with prices expected to close significantly below the initial $2,684.
For ETH to reach the higher end of our predictions, ETF flows must shift from withdrawals to consistent deposits. Additionally, ETH will need to overcome the $2,491 and $2,548 resistance levels to even approach its October opening price. However, if the withdrawal trend near the $110.5 million rate observed on October 22 persists, ETH may fall below $2,349, test the $2,313 support level again, and a daily close below this mark before October 31 could set fresh monthly lows.
Contact [email protected] for any questions or corrections.
Buyers have stepped in to defend a key Ethereum price floor twice this month, but ETF outflows and a 12% monthly slide are testing their resolve. Whether that support holds or shatters could determine if ETH revisits levels not seen…
Ethereum (CRYPTO:ETH) trades around $2,400, about $100 above the critical $2,300 support level that buyers successfully defended twice in October 2026. As of October 22, 2026, the Ethereum price is approximately $2,403, marking a 2.3% decline in 24 hours and a 12.6% drop over the past 30 days. This decline follows a peak of $2,788 within the same timeframe, driven by selling pressure.
Many traders are closely monitoring the $2,300 mark because ETH has dipped toward it twice in October and bounced back each time. The lowest point during this sell-off was $2,313, and holders are eager to see if Ether can stay above $2,300. If that level breaks, it raises concerns about how far the price could fall.
Ethereum Is Still 51.4% Below Its All-Time High
Ether trades 51.4% below its all-time high, meaning it would need to nearly double to return to that peak. In 2026 alone, ETH has dropped about 19.0% from its December 31, 2025, price of $2,967.
By comparison, Bitcoin (CRYPTO:BTC) has lost only 3.8% over the same period, suggesting Ether has declined about five times as much and continues to lose ground against the larger cryptocurrency.
ETH is also below its 20-day moving average of $2,520 and the 50-day moving average of $2,551. A moving average reflects the average closing price over a specific number of days, so being below both averages means buyers from the past 50 days are losing money. Often, these buyers may sell during any price rally to reclaim their investments, turning these averages into resistance levels where selling pressure increases.
Despite the October drops, Ether is still benefiting from a summer rally, having gained approximately 29.2% over the last 90 days, rising from $1,860 on July 24.
Buyers Stepped In to Defend $2,300 Twice in October
In the sell-off on October 15, ETH hit a low of $2,313 but managed to close the day at $2,439. On October 18, it dipped again to $2,325, then recovered to close at $2,408. Buyers quickly stepped in both times.
The lowest daily close in the past month came on October 17, when ETH settled at $2,400, leaving the price just $3 above. However, ETH hasn’t tested support below $2,313 in the last month, so the closest prior reference point is $1,860 from July 24, about 22.6% lower than the current price.
Investors Pulled Money From Spot Ether ETFs During the Sell-Off
A spot Ether ETF holds Ethereum and trades like a stock, so its flows reflect traditional investors’ actions. On October 21, U.S. spot Ether ETFs saw an inflow of $15 million, following outflows of $26.1 million on October 20 and $103.3 million on October 19.
Throughout most of the sell-off, investors pulled money from these funds. The largest one-day outflow recorded was $201.9 million on October 6. The next day, ETH opened at $2,697 but closed at $2,573, a 4.6% drop.
By October 21, cumulative net inflows—representing the total money added since the funds launched—fell to $12.8 billion from $14.0 billion on September 28. Additionally, total net assets declined from $17.9 billion to $15.4 billion since September 22. A single day of inflows seems too minor to reverse this downward trend.
Bitmine Keeps Staking and Buying ETH Through the Decline
Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) has staked another 159,728 ETH, valued at $390.6 million, bringing its total staked Ether to 5.23 million, worth around $12.8 billion.
Staking involves locking up ETH to secure the Ethereum network, allowing holders to earn rewards. Since staked coins are not immediately accessible, this helps reduce the supply available for sale during market panic, which may support prices around $2,300.
Bitmine has also continued to buy ETH during this downturn. Its holdings increased from 6.02 million ETH, as of an October 5 announcement, to 6.04 million by October 19, equivalent to about $14.5 billion at the $2,403 price point. However, this persistent buying has not been enough to outweigh selling pressure from ETFs.
Can the Ethereum Price Hold $2,300 Support?
I believe ETH is likely to hold above $2,300 on its next test. Buyers have defended this level twice in October, there were positive ETF flows on October 21, and Bitmine continues to take coins off the market. However, a rebound to the 30-day high of $2,788—about 16.1% higher—could be much more challenging. For this to happen, ETH needs consistent daily closes above $2,313, clear both moving averages, and see steady ETF inflows.
If the support breaks, the consequences could be significant. A daily close below $2,313, especially if ETF outflows exceed $100 million again, as seen on October 14 and October 19, would challenge this outlook. ETH has no tested support below that level in the past month, which could set it on a path toward $1,860—around 22.6% lower than the current price. Conversely, a close above $2,520 would confirm a positive bounce.
Contact [email protected] for any questions or corrections.
Bitmine Immersion Technologies (NYSE:BMNR) stock surged on Tuesday, tracking a broader rally in crypto-linked equities as major cryptocurrencies move higher.
One crypto treasury company just dumped its entire coin holdings while a rival keeps stacking tokens by the millions, and both moves are sending mixed signals about which asset actually has the stronger case for investors right now.
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SkyAI (NASDAQ: SKYA) has made headlines by selling off its entire Solana (CRYPTO: SOL) treasury and initiating a $201.3 million buyback of its shares and warrants. As of October 16, 2026, the company reported having $223.8 million in cash. A crypto treasury company typically holds a large reserve of a single cryptocurrency, so its stock usually reflects the value of that coin.
By contrast, Bitmine Immersion Technologies (NYSE: BMNR | BMNR Price Prediction) announced on October 19 that its Ethereum (CRYPTO: ETH) holdings reached 6.04 million tokens. Bitmine also reported $15.1 billion in crypto, cash, and marketable securities—assets it can quickly convert to cash.
Both SOL and ETH fell during the week of these announcements. As of October 20, SOL trades at $104, down 3.4% over the past week. Meanwhile, ETH trades at $2,382, down 5.4%. With these market movements, the question is: which coin offers a better investment opportunity—one that was just completely sold off or one that is being steadily accumulated?
SkyAI Is Returning Cash to Shareholders After Selling All of Its SOL
With the sale of all its SOL, SkyAI’s recent tender offer for shares is no longer dependent on the price of SOL. Previously, a condition tied the buyback to SOL’s value, which SkyAI has now eliminated. This tender offer includes common stock and three classes of warrants—contracts permitting the holder to purchase shares at a predetermined price.
SkyAI plans to fund the buyback with its existing cash reserves and aims to maintain its Nasdaq listing after suspending an earlier repurchase program. SkyAI shares rose 5.3% to close at $2.79 on October 19 and are up 64.6% over the past month, though they are still down 40.9% year-over-year.
However, this move raises several unanswered questions. Formerly known as Sharps Technology, SkyAI was focused on providing a platform that merges stablecoin payment systems on Solana with AI accessibility for underbanked communities. The company has not clarified why it divested entirely from SOL or what its platform’s future will be.
Furthermore, it has not indicated which alternative coin or stablecoin it will use for transactions on its network. Currently, the company’s value seems heavily tied to its cash reserves. The sale of SOL also coincided with competitive pressures among Solana treasury firms. SkyAI’s board has outright rejected an all-stock acquisition proposal from Forward Industries (NASDAQ: FWDI), citing SkyAI’s undervaluation.
Bitmine Keeps Adding ETH as Its Dollar Total Falls
Bitmine initially focused on mining Bitcoin (CRYPTO: BTC) and reported a net income of $328.2 million for the fiscal year ending August 31, 2025. The company’s newer revenue source is ETH staking, which involves locking up ETH to support the Ethereum network in exchange for rewards. Bitmine aims to eventually own 5% of all ETH.
Recent reports show Bitmine’s ETH holdings increasing while their dollar value has declined. On October 5, the company held 6.02 million ETH and $17.4 billion in total assets. By October 12, it held 6.03 million ETH, while its total fell to $16.2 billion. This suggests Bitmine has been accumulating about 10,000 ETH weekly, despite ETH’s falling price.
Bitmine is currently valued at about $13 billion, down from $15.1 billion in crypto, cash, and marketable securities. On October 20, Bitmine shares traded at $21.29 before the market opened, representing a 21.6% year-to-date decline—worse than ETH’s 19.3% drop.
Thomas Lee, Bitmine’s chairman at the time of its November 2025 filing, said then that “history shows crypto prices stage V-shaped recoveries.” However, an executive whose position benefits from any positive price movement made this statement.
Treasury Moves Are Not Driving SOL or ETH Prices
The market response to SkyAI’s decision to divest from SOL suggests that treasury flows from both companies are not significantly impacting SOL and ETH prices. After SkyAI’s exit, SOL fell less than ETH, while Bitmine continued to accumulate ETH during the same period.
Interestingly, another Solana treasury firm, DeFi Development Corp. (NASDAQ: DFDV), has adopted a contrasting strategy, saying it will continue buying SOL ahead of the upcoming Alpenglow update on October 21, which is set to improve the Solana network’s transaction validation process. However, DeFi Development’s enthusiasm may be influenced by its interests in SOL’s price appreciation.
Is SOL or ETH the Better Buy After These Solana Treasury and Bitmine Moves?
Given the recent developments, SOL appears better positioned than ETH. SOL’s 3.4% drop over the past week is less severe than ETH’s 5.4% decrease. Additionally, SOL has gained 34.1% over the last 90 days, while ETH has only risen by 23.8%. With Alpenglow on the horizon, SOL has a clear upcoming driver, especially since SkyAI has sold off its SOL and won’t exert further influence on its price.
That said, ETH might still rebound if staking yields improve. The SOL view weakens if SOL still trails ETH on a seven-day basis a week after Alpenglow goes live, or if another Solana treasury company starts selling. For ETH, a weekly Bitmine release showing holdings stuck at 6.04 million could signal that its largest corporate buyer has stopped adding.
Contact [email protected] for any questions or corrections.
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million
Bitmine is 99% of the way to the 'Alchemy of 5%' in just 15 months
Bitmine released Chairman's Message on October 7 titled "Crypto Bull Underway — This Cycle Likely the Largest"
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 billion at $2,365 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $74 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 $15.1 billion, including 6.04 million ETH tokens, total cash & marketable securities of $582 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
, /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 $15.1 billion.
BITMINE: Achievements in first year of operations
Chairman's Message: Crypto Bull Underway
STAKING: BMNR now staking over 5 million ETH as of Oct 18, 2026
"The risk appetite of investors contracted in the past few weeks fueled by the worrying combination of AI funding and AI model safety; escalating US-Iran war activity; anxiousness in front of US midterm elections and generally rising bond yields around the world. This has triggered a selloff in AI stocks including semis and memory stocks, and has further led to selloffs in the Korean and Taiwan markets, both of which are dominated by semis and memory stocks," stated Thomas "Tom" Lee, Chairman of Bitmine.
"Crypto is widely held in the US, Korea and Taiwan. So naturally, when investors in those regions de-risk, this creates spillover pressures in crypto markets. In the past, whenever fundamentals remain resilient and strong, while price declines, these have historically been attractive risk/reward opportunities. And given crypto's positive exposure to both modernizing global financial system rails and to agentic-AI, we believe this will again prove to be the case," continued Lee.
As of October 18, 2026 at 3:00pm ET, the Company's crypto holdings are comprised of 6,041,481 ETH at $2,365 per ETH (per CoinbaseNASDAQ: COIN), 215 Bitcoin (BTC), $180 million stake in Beast Industries, $74 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $582 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.1 million ETH).
"We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market)," continued Lee.
"Over the past week, we acquired 12,535 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every 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 October 18, 2026, Bitmine total staked ETH stands at 5,067,309 ($12 billion at $2,365 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $369 million on an annualized basis (using 2.58% 7-day BMNR yield). This compares to annualized staking revenues at $309 million based upon 5.1 million staked ETH (84% of the 6.04 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 848,250 BTC valued at approximately $74 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.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
Cautionary Note on 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," "may," "will," "would," "could," "should," "view," "likely," "positioned," or similar expressions. This press release specifically contains forward-looking statements regarding: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative); (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 $369 million at scale, assuming the Company's ETH is fully staked by MAVAN and its staking partners, and currently projected annualized staking revenues of approximately $309 million; (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners; (v) management's beliefs regarding crypto market conditions, including expectations of a coming crypto bull market and that the current cycle is likely the largest, that recent price declines represent attractive risk/reward opportunities, and that the Company is positioned to outperform the crypto bull market; (vi) management's beliefs regarding the impact of investor risk appetite, AI funding and AI model safety, geopolitical events, U.S. midterm elections, bond yields, and Korean and Taiwanese market conditions on crypto markets, and crypto's exposure to modernizing global financial system rails and agentic-AI; (vii) management's belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; and (viii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including the indirect exposure to OpenAI provided by the Company's investment in Eightco Holdings.
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; the Company's reliance on third-party pricing sources and reported market values, which may fluctuate materially; changes in market conditions affecting the trading price and volume of the Company's securities; 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 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 yields, rewards, and revenues differ materially from projected amounts, including if the Company's ETH is not fully staked; competition in the digital asset treasury, staking, and mining industries; the Company's dependence on key personnel; regulatory developments affecting digital assets, blockchain technology, and staking activities, including the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation; actions by the SEC, CFTC, and other regulatory bodies; risks related to the Company's "moonshot" investments, including in Eightco Holdings and Beast Industries; macroeconomic and geopolitical factors, including inflation, interest rates, bond yields, military conflicts, elections, and general economic conditions; volatility in AI-related and semiconductor equities and in foreign markets, including Korea and Taiwan; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians, and staking partners; 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, and beliefs concerning future events. Actual results may vary materially from those expressed or implied based on the factors 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 at www.sec.gov and at https://Bitminetech.io/investor-relations/. 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 to update or revise any forward-looking statements except as required by applicable law.
Ethereum's biggest corporate buyer is weeks away from hitting its purchase limit, and ChatGPT has a specific price target for where ETH lands once that demand disappears. The answer depends on a ratio most investors are not watching.
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We asked ChatGPT where Ethereum (CRYPTO: ETH) might trade by the end of 2026, especially as its biggest corporate buyer nears its purchase limit. The AI predicts Ethereum could settle around $2,800, with a range of $2,000 to $3,600.
The company in question, BitMine Immersion Technologies (NYSE: BMNR | BMNR Price Prediction), is a publicly traded firm that treats ETH as a reserve asset, much like cash. It currently holds 6,028,946 ETH, valued at about $15.1 billion, representing about 4.94% of the total Ethereum supply.
BitMine plans to stop purchasing Ethereum once it reaches 5%. With only 77,442 ETH, or about $193 million, left to buy, and after buying 12,532 ETH last week, BitMine is expected to hit this ceiling in about six weeks.
Ethereum is currently priced at $2,499, down 4.4% over the past week and 0.8% over the last 30 days. Throughout October, its price has fluctuated between $2,777 and $2,405. This puts Ethereum nearly 49.5% below its all-time high of $4,946 and 15.8% below its January 2026 opening price of $2,967. The question now is whether Ethereum can rise in value once this key buyer stops buying.
What Happens When BitMine Stops Buying Ethereum
If BitMine reaches its purchase limit and no other buyer steps in to fill the gap, ChatGPT predicts a potential 3% to 7% decline over the next month, with a midpoint of about 5%, or roughly $2,379.
Reaching this ceiling does not mean BitMine will sell its holdings. While purchases may stop, the decision to sell is separate, and the AI forecasts a sentiment shift in which traders might lower expectations simply because a reliable buyer has exited the market, rather than because supply suddenly increases.
ChatGPT anticipates that new buyers could include a mix of institutional investors, corporate treasuries, and individual traders, with no single group guaranteed to take the place of BitMine. Positive inflows from investment funds could offset the anticipated dip, highlighting the importance of monitoring fund activity.
Ethereum ETF Flows Could Decide Whether the Dip Arrives
Spot Ethereum funds in the U.S. hold ETH and trade like stocks, providing insight into institutional behavior. Recent data from SoSoValue indicated that these funds saw ten straight sessions of outflows from September 29 to October 12, then an inflow of $24.8 million on October 13.
According to ChatGPT, there’s a 35% chance these funds will finish October with net positive inflows. However, the single-day inflow is seen more as a pause than a trend reversal. Ten consecutive outflows signal ongoing selling pressure, and one day of inflow does not signal a change in momentum.
The funds currently manage $15.8 billion, including both investor contributions and price gains over their lifespan. Still, as ChatGPT points out, this does not necessarily indicate new investor returns. The sentiment could shift positively if there are three to five consecutive days of inflow, along with Ethereum outperforming Bitcoin.
ChatGPT Sees the ETH/BTC Ratio Recovering to 0.032
The ETH/BTC ratio indicates how much Bitcoin (CRYPTO: BTC) one ETH can buy. Currently, the ratio stands at about 0.030, down 4.6% this week, with Bitcoin trading at $83,290. ChatGPT forecasts a modest recovery to 0.032 by year-end, reflecting an increase of approximately 6.7%.
This target focuses on relative performance, meaning Ethereum could outperform Bitcoin even if both decline in value. The AI views this as a tentative recovery and interprets the recent drop as a sign that a meaningful reversal has not yet begun. If outflows continue, it suggests the ratio could dip to between 0.026 and 0.029.
ChatGPT’s Chances for Ethereum Above $4,946 and Below $2,000
ChatGPT’s $2,800 estimate hinges on several factors: underwhelming performance against Bitcoin, BitMine approaching its purchase limit, and persistent fund outflows. However, developments in areas like tokenization (which allows real-world assets, such as bonds, to appear on blockchain) and increased adoption of stablecoins and AI agent activity could help boost Ethereum’s prospects. The AI reiterates that its projections are rough estimates and considers a return to the previous record price outside its 2026 range.
Over a more extended period, ChatGPT assigns a 25% likelihood that Ethereum could trade above its all-time high of $4,946 before the end of 2027—a potential increase of about 98%. The key condition is ongoing institutional interest, reflected in consistent net inflows. The AI believes that a price move driven only by sentiment would be less stable.
On the flip side, ChatGPT assesses a 35% chance that Ethereum might fall below $2,000 before June 30, 2027, signaling an additional decline of about 20%. In its view, a fresh wave of fund redemptions, coupled with a broader market sell-off led by Bitcoin, could trigger this downturn, especially if the ETH/BTC ratio continues to decline while outflows resurface.
Is ChatGPT’s Ethereum Price Prediction of $2,800 Realistic? Overall, we believe Ethereum has a fair chance of reaching ChatGPT’s $2,800 price target by year-end, but the likelihood of reaching a record price in that timeframe is low. For ETH holders, tracking fund activity will provide valuable insights.
For Ethereum to climb to $2,800, it will likely need to hold above $2,379 after BitMine halts purchases, see funds post three to five consecutive inflow days, and watch the ETH/BTC ratio move closer to 0.032.
Contact [email protected] for any questions or corrections.
Tom Lee is calling the end of Ethereum's long slide against Bitcoin, pointing to tokenized stocks and AI agents as the catalysts. But the data from the very week he made that call tells a very different story.
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Tom Lee, Chairman of BitMine Immersion Technologies (NYSEAMERICAN:BMNR | BMNR Price Prediction), said on October 12, 2026, that he believes tokenization and AI agents will end Ethereum’s (CRYPTO:ETH) extended decline against Bitcoin (CRYPTO:BTC). However, between October 6 and October 13, the ETH/BTC ratio fell another 4.7%, with Ethereum down 8.0% and Bitcoin down 3.5%.
Lee also mentioned that this shift could ignite the largest bull market in cryptocurrency history, driven by what he sees as a $2 trillion wealth transfer. This is a bold call from the head of a company that holds more Ethereum than any other.
The ETH/BTC Ratio Fell 4.7% in the Same Week
Over the past week, the ETH/BTC ratio, which divides Ethereum’s price by Bitcoin’s price, fell significantly. This ratio indicates how much Bitcoin one Ethereum can buy. As of October 13, with Ethereum priced at around $2,498 and Bitcoin at approximately $83,280, the ratio stands at 0.0300. This direct comparison shows how the two cryptocurrencies are performing against each other, independent of the overall market. Over the past seven days, Bitcoin outperformed Ethereum.
A prolonged decline in this ratio negatively impacts a specific group of investors who hold Ethereum in the hope that it will eventually surpass Bitcoin. Many believe that Ethereum’s ability to run applications gives it the edge over Bitcoin, which primarily functions as a store of value. When the ratio declines over the years, these investors would have been better off owning Bitcoin, even during periods when Ethereum’s dollar price increased.
Lee’s assertion focuses on future trends rather than specific price points, but the past week hasn’t favored his view.
Lee Says Tokenized Stocks and AI Agents Will Lift Ethereum
Tokenization refers to transforming assets, like stocks, into digital tokens that can be traded on a blockchain. Agentic AI involves software that can make decisions and handle transactions without human intervention. Both concepts require a blockchain to operate, and Lee believes Ethereum is best positioned to benefit because of its existing ecosystem of developers, applications, and trading activity.
If demand for these assets rises, it could drive more Ethereum purchases than Bitcoin, potentially lifting the ETH/BTC ratio. However, the tokenized-stocks market is relatively small, valued at about $3.9 billion compared with Ethereum’s market value of roughly $305 billion.
Ethereum ETF Outflows and BitMine’s Slowdown Point the Other Way
Spot Ethereum ETFs, which directly hold Ethereum and trade like stocks, have faced a concerning trend, recording nine consecutive days of outflows. This means investors have withdrawn more than they have invested each day, with these funds holding $15.86 billion in net assets, according to SoSoValue.
BitMine, the largest single buyer of Ethereum, is also slowing its pace. In its latest weekly purchase, the company acquired 12,532 ETH, valued at around $31 million—less than it bought in previous weeks. Additionally, BitMine has a maximum capacity of 77,442 ETH left to buy, around $193 million at current prices, before it reaches 5% of Ethereum’s total supply, at which point purchasing will halt, according to its CEO.
Chart analysts also express concern, pointing to a potential head-and-shoulders pattern in Ethereum’s price chart, characterized by three peaks, with the middle peak being the highest. This pattern often signals fading buying interest, though such patterns do not always play out as expected.
Is Ethereum’s Decline Against Bitcoin Coming to an End? At this point, it doesn’t seem so yet. The ETH/BTC ratio fell in the past week, investor money has left Ethereum ETFs for nine straight days, and the most consistent buyer is nearing its buying limit. While Lee may be outlining a future shift that could unfold over several quarters, the current data does not support this assertion.
A critical test will occur when BitMine exhausts the remaining 77,442 ETH of room under its 5% cap. If the ETH/BTC ratio stays above 0.0300 after that point, it could indicate new buyers are entering the market, bolstering Lee’s case.
Positive trends like steady ETF inflows, sustained interest in altcoins, and tokenized stocks significantly surpassing the current $3.9 billion market could lend substantial support to Lee’s case. Conversely, if the ratio dips below 0.0300 after BitMine steps back, it suggests that Ethereum’s long-term decline may still dominate the market narrative.
Contact [email protected] for any questions or corrections.
BitMine has a hard ceiling on its Ethereum buying and a countdown clock ticking toward zero, while the funds investors expected to take over keep bleeding cash. Something has to give before that window closes.
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BitMine Immersion Technologies (NYSEAMERICAN: BMNR | BMNR Price Prediction), one of the largest Ethereum buyers, is about 6.2 weeks away from reaching its self-imposed buying limit. The company primarily holds Ethereum (CRYPTO: ETH) as its main treasury asset, and in its latest purchase, it added 12,532 ETH, valued at around $31.7 million. At this rate, BitMine has about 77,442 ETH left to acquire, which will take roughly six weeks to purchase.
By contrast, spot Ethereum exchange-traded funds (ETFs) have seen nine consecutive days of outflows, with more money pulled from the funds than invested. The last inflow occurred on September 28, 2026.
ETH is currently trading at $2,531, down 6.2% over the past week but up 0.8% over the last 30 days. Despite this, it remains 48.8% below its all-time high. With BitMine’s buying window closing and funds pulling out cash, who will buy Ethereum next?
Why BitMine’s Weekly Ethereum Buying Carries So Much Weight
BitMine currently holds 6,028,946 ETH, valued at approximately $15.2 billion, which is about 4.94% of all Ethereum in circulation.
By making regular weekly purchases, BitMine creates consistent demand, assuring sellers that there will always be a buyer regardless of price fluctuations. While typical market demand can shift depending on investor sentiment, BitMine’s steady presence helps stabilize prices, even during downturns.
BitMine’s chairman has indicated that they will stop buying once they own 5% of the total supply. This leaves 77,442 ETH to acquire, or roughly 6.2 weeks at the current purchase rate of 12,532 ETH per week. However, BitMine controls this pace and could slow or halt purchases before hitting the limit.
Once BitMine reaches its cap, it will not resume buying even if prices drop. A price decline won’t extend its buying power because its ceiling is based on a percentage of Ethereum’s total supply.
Can Ethereum ETFs Replace BitMine?
Ethereum ETFs are the most obvious candidates to potentially fill BitMine’s role, as they hold significant assets. According to SoSoValue, Ethereum funds collectively manage $15.86 billion in net assets. However, outflows have been a concern; on October 6, investors withdrew $202 million in a single day, continuing a nine-session outflow streak. For ETFs to become a reliable substitute for BitMine’s purchases, they would need to see consistent inflows and positive momentum over several weeks.
Other smaller treasury companies also hold Ethereum, but they would need to establish and follow through on a large, ongoing buying strategy to match BitMine’s influence. A one-time purchase might boost prices momentarily, but it would not create the dependable demand the market needs.
Can Ethereum Stakers and the Fee Burn Fill the Gap?
Stakers represent another possible source of support. By staking, investors lock up their Ethereum to support the network in exchange for rewards. This practice reduces the amount of Ethereum available for immediate sale, which can help sustain prices. However, staking doesn’t create new buyers; it simply limits supply.
Additionally, Ethereum’s fee-burn mechanism permanently destroys a portion of every transaction fee, reducing overall supply. While this could support prices during high network activity, it doesn’t directly attract new buyers.
Who Will Buy Ethereum After BitMine Reaches 5%?
Currently, there isn’t a solid replacement for BitMine. ETFs are the only significant candidates, but they have seen nine consecutive outflow sessions, while stakers and fee burns only reduce available supply without generating new buying interest. For ETFs to step in seamlessly, they must reverse their outflow trend and demonstrate consistent inflows before BitMine reaches its limit.
The market could face a challenging period without a key buyer if the current outflow trend continues while BitMine approaches its ceiling. BitMine’s weekly reports will show how quickly the remaining 77,442 ETH diminishes. If the funds post inflows before BitMine hits its cap, they may become a viable replacement; otherwise, Ethereum may face uncertainty without a consistent buyer.
Contact [email protected] for any questions or corrections.
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million
Bitmine is 99% of the way to the 'Alchemy of 5%' in just 15 months
Bitmine released Chairman's Message on October 7 titled "Crypto Bull Underway — This Cycle Likely the Largest"
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 $12.9 billion at $2,544 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $85 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 $16.2 billion, including 6.03 million ETH tokens, total cash & marketable securities of $612 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
, /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 $16.2 billion.
First-year achievements
BMNP: Gains while bonds sink
CRYPTO CREDIT: ETH perpetuals
BITMINE: Outperformed ETH
Asset Performance vs S&P 500
BULL CYCLE: Key drivers
INHERITANCE: Accelerated pace
DATS: Reducing supply
STAKING: Over 5 million ETH
As of October 11, 2026 at 1:30pm ET, the Company's crypto holdings are comprised of 6,028,946 ETH at $2,544 per ETH (per CoinbaseNASDAQ: COIN), 214 Bitcoin (BTC), $180 million stake in Beast Industries, $85 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $612 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.1 million ETH).
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).
"We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market)," stated Thomas "Tom" Lee, Chairman of Bitmine.
"The accumulation of a majority of our 6 million ETH took place in the midst of a crypto bear market and with the Company nearing our 5% ETH accumulation target, we believe the company is attractively positioned ahead of the coming crypto bull," continued Lee.
Among the key strategic steps taken in the past year is the issuance of the Bitmine 9.5% Perpetual Preferred stock (BMNP) in June of this year. BMNP was issued at $80 and last closed at $99.53.
"BMNP, the Company's perpetual preferred stock, gained 24% since issuance outperforming fixed income as Treasuries (TLT) fell -8% in that same timeframe," continued Lee.
"BMNP has established a benchmark yield for ETH credit and at 9.56% is 256bp below that of comparable Bitcoin credit yield (STRC) and 515bp below that of comparable Solana yield (CHAD). This reflects the superior yield and stability characteristics of ETH, in my opinion," continued Lee.
"We believe that as crypto enters a cycle we expect to be a bull market, what is notable is Bitmine's share price outperformance of ETH during the bear market of 2025-2026. In the first 9 months of 2026, ETH declined 10% while BMNR was down by 3%, or outperformance of 731bp," stated Thomas "Tom" Lee, Chairman of Bitmine.
"The outperformance of ETH by 6,832bp relative to the S&P 500 in 3Q26 is notable considering the substantial macro headwinds that emerged in the quarter including a 'hawkish' Fed, surging oil, rise in global bond yields and general tightening of financial conditions. For the quarter, ETH outperformed by 6,832bp, dwarfing other macro assets," stated Lee.
"Owing to the following factors, we see the potential for this to be the largest ever crypto bull market. The drivers being: tokenization; wealth transfer; DATS absorbed supply; Crypto being an AI downstream story," continued Lee.
Vlad Tenev, CEO of Robinhood, recently stated on CNBC "$100 trillion of wealth transfer is underway" (interview link). Based upon data compiled by the IRS and Fundstrat, this wealth effect is estimated to total $1.5T to $2.0T between 2026-2028.
"The wealth transfer underway is expected to support the upcoming crypto bull market as those inheriting wealth are younger and likely have a higher risk appetite for crypto and equities. We expect this effect to be more pronounced in the bull market we expect to be upcoming compared to the prior 2019-2021 cycle as the wealth transfer is projected to be a much larger dollar value transfer compared to last cycle," stated Lee.
And further differentiating this upcoming bull cycle is that crypto Digital Asset Treasuries (DATS) have absorbed a larger share of crypto supply.
"DATS represent essentially permanent supply removed from the crypto market and this dynamic is favorable ahead of the upcoming crypto bull cycle, particularly compared to the prior 2019-2021 period, when DATS were not a factor," continued Lee.
"Over the past week, we acquired 12,532 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.
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 October 11, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.9 billion at $2,544 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 $400 million on an annualized basis (using 2.61% 7-day BMNR yield). This compares to annualized staking revenues at $336 million based upon BMNR's 5.1 million currently staked ETH (84% of the 6.03 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 848,000 BTC valued at approximately $77 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.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
Cautionary Note on 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," "targets," "goal," "potential," "positioned," "likely," "may," "will," "would," "could," "should," "view," or similar expressions. This press release specifically contains forward-looking statements regarding: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative); (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding the expected pace, extent, and continuation of ETH acquisitions and management's statement that the Company is largely finished buying ETH; (iii) the Company's staking operations, including projected annualized ETH staking rewards of approximately $400 million at scale and projected annualized staking revenues of approximately $336 million, each of which is based on a 7-day trailing yield that may not be representative of future yields; (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners; (v) management's beliefs regarding future crypto market conditions, including that a crypto bull market is underway or forthcoming, that it may be the largest crypto bull market ever, and the anticipated effects of tokenization, wealth transfer, digital asset treasury supply absorption, and artificial intelligence on crypto markets; (vi) management's beliefs that the Company is positioned to outperform in future market conditions and regarding the Company's competitive position; (vii) management's beliefs regarding the Company's Series A Perpetual Preferred Stock (BMNP), including its role as a benchmark for ETH credit yields and the yield and stability characteristics of ETH; (viii) estimates of future wealth transfer and its expected impact on demand for crypto and equities; (ix) management's belief that the GENIUS Act and SEC Project Crypto are or will be transformational to financial services; and (x) statements regarding the future value of the Company's crypto, cash, marketable securities, and "moonshot" holdings.
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; the concentration of the Company's assets in ETH; the possibility that crypto markets do not enter a bull market, or that any such market is shorter or smaller than anticipated; the Company's reliance on third-party pricing sources, reported market values, and third-party data and estimates (including estimates of wealth transfer), which may fluctuate materially or prove inaccurate; uncertainty in the valuation of illiquid and privately held investments, including the Company's stake in Beast Industries; changes in market conditions affecting the trading price and volume of the Company's securities, including the Company's common stock and Series A Perpetual Preferred Stock, and the relationship between the trading price of the Company's securities and the value of its digital asset holdings; the Company's ability to pay dividends on its Series A Perpetual Preferred Stock; dilution resulting from future issuances of equity or equity-linked securities; changes in the Company's ETH acquisition plans, including any decision to slow, pause, or resume purchases; 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 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 yields, rewards, and revenues differ materially from projected amounts, including because short-term trailing yields may not persist; competition in the digital asset treasury, staking, and mining industries, and the risk that digital asset treasury companies sell rather than hold their digital assets; the Company's dependence on key personnel; regulatory developments affecting digital assets, blockchain technology, and staking activities, including the implementation and interpretation of the GENIUS Act, SEC Project Crypto, and other pending legislation or regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies; risks related to the Company's "moonshot" investments, including in Eightco Holdings and Beast Industries; macroeconomic factors, including inflation, interest rates, monetary policy, oil prices, and general economic conditions; changes to the Ethereum protocol; the performance of third-party service providers, exchanges, custodians, and staking partners; 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, and beliefs concerning future events. Actual results may vary materially from those expressed or implied based on the factors 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 at www.sec.gov and at https://Bitminetech.io/investor-relations/. 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 to update or revise any forward-looking statements except as required by applicable law.
Three of Ethereum's biggest buyers all stepped back at the same moment, and the price has been drifting sideways ever since. Here is what those buyers were doing and why their absence matters.
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The Ethereum (CRYPTO:ETH) price keeps stalling around $2,500. Ether trades at $2,501 as of October 11, 2026, down 15.7% for the year from $2,967 at the end of 2025.
The shorter time frames send mixed signals. Ethereum is up 1.4% over 30 days, barely a gain, but down 7.3% over the past seven days, erasing a month of slow progress in a single week. So why can’t the second-largest cryptocurrency break away from $2,500?
Ethereum Needs a 97.8% Gain to Recover From a 49.4% Drop
Ethereum trades 49.4% below its August 2025 record of $4,946, so it needs a 97.8% gain to get back there. Both numbers describe the same distance. A drop is measured from the high, while a recovery is measured from the lower price, so a roughly 50% drop takes close to a doubling to undo.
That math explains why recoveries feel slow, and buyer behavior explains why the price stops moving. Every coin someone sells needs a buyer on the other side. When large, steady buyers who were absorbing that supply step back, sellers must accept lower prices or wait, so the price drifts sideways or slips. In Ethereum’s case, three demand sources pulled back at the same time.
Spot Ethereum ETFs Have Turned Into Sellers
Spot Ethereum ETFs hold Ether directly and trade on stock exchanges like shares. According to SoSoValue, the funds posted net outflows for nine consecutive sessions through October 9. Their net assets fell to $15.71 billion on October 9 from $17.69 billion earlier that week.
However, only about $542 million of that $1.98 billion decline was money leaving the funds. The remaining $1.44 billion came from the falling price of the ether they still hold, so most of the drop reflects price, with redemptions adding to it.
Fund flows are only one of several forces on the price. Even so, nine straight sessions of redemptions show that a group of buyers that used to absorb supply has gone quiet for now.
BitMine Will Stop Buying Ethereum at 5% of the Supply
BitMine Immersion Technologies (NYSEAMERICAN:BMNR | BMNR Price Prediction) buys Ether and holds it as a treasury asset, much like a corporate savings account. BitMine chairman Tom Lee said on October 7 that the company will stop buying once it holds 5% of Ethereum’s supply. BitMine is roughly 100,000 ETH, about $250 million at current prices, away from that mark.
Because BitMine announced a ceiling, traders can count down to the end of its buying. Each purchase brings the company closer to the point where that demand disappears, making it hard for traders to use BitMine as a reason to bid the price higher.
Ethereum’s Supply Has Stopped Shrinking
Ethereum burns part of the fees it collects, which destroys that slice of Ether for good instead of paying it to anyone. When the network is busy, the burn can exceed the new ether paid to validators, the computers that secure the network and earn fresh coins for it, so supply shrinks. When activity is quiet, the burn falls short, and supply grows.
Ultrasound.money, a site that tracks Ethereum’s issuance and burn, shows supply is no longer shrinking. That hurts the scarcity argument that drew many buyers, since the argument only works while supply is falling.
Together, the fund outflows, BitMine’s limit, and the stalled burn line up with the stall, but they don’t prove they caused it. They are the three largest identifiable demand sources absorbing supply, and all three pulled back at the same moment. The price can also stall for reasons outsiders can’t see, such as a large holder quietly selling over months without announcing it.
Can Ethereum Clear $2,500 for Good? We think Ethereum probably can’t clear $2,500 for good anytime soon because all three pressures remain, and no new buyer has stepped in to replace them. The funds are selling, BitMine has said roughly where its buying ends, and the burn isn’t matching new issuance. A short move above $2,500 could still happen, but it would rest on demand that hasn’t returned yet.
New buying with no announced ceiling could change that view. If the spot funds string together nine consecutive sessions of inflows and outflows. money shows supply shrinking again, the stall has likely broken, and our reading is wrong. However, if the outflow streak continues once BitMine reaches 5%, pressure on Ethereum will likely increase.
Contact [email protected] for any questions or corrections.
BitMine is weeks away from hitting its self-imposed Ethereum buying cap, and when it stops, the market loses its single biggest source of demand at the worst possible time.
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As BitMine nears its buying threshold, the question arises: who will step in to buy Ethereum?
BitMine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction), the largest corporate buyer of Ethereum (CRYPTO:ETH), has announced it will stop purchasing Ether once it reaches 5% of the total supply. Chairman Tom Lee shared this information during the TOKEN2049 conference in Singapore on October 7, 2026. With only about 100,000 ETH left to buy—valued at approximately $250 million—BitMine is close to that cap. This leaves many wondering who will fill the gap once BitMine stops its buying spree.
After Lee’s announcement, Ether’s price dipped about 5%, while BitMine’s shares fell 6%. As of October 9, ETH was trading around $2,505, an 8.8% decline over the past week and nearly 49% below its August 2025 peak of $4,946.
BitMine Holds About 6 Million ETH and Needs 100,000 More
BitMine currently owns about 6 million ETH, valued at around $15 billion, representing about 4.9% of the 122 million Ether in circulation. The company accumulated this substantial Ether treasury by consistently converting investment funds into ETH.
“We only need to get another 100,000 ETH to get to 5%,” Lee stated. “Now we’re going to stop.” At the current rate, BitMine could complete this last round of buying in roughly six to seven weeks, leaving the market without its most consistent source of demand.
Ethereum ETF Investors Pulled Money for Eight Straight Sessions
In 2026, spot Ethereum ETFs—investment funds that hold Ether for investors who purchase shares through brokerage accounts—were significant buyers of ETH. However, starting September 28, investors began pulling money from these funds for eight consecutive sessions, according to SoSoValue. This outflow coincided with ongoing losses in both Bitcoin and Ethereum funds through October 9.
During this period, the funds’ net assets dropped from $17.69 billion on October 5 to $15.64 billion, driven by investor withdrawals and a decline in ETH’s price, which reduced the value of the coins they held. Consequently, these funds have shifted from buying to selling Ether.
Staking and Smaller Treasury Firms Can’t Replace BitMine
Staking, which involves locking up Ether to help maintain the network and earn rewards, does not create new buyers in the market. Instead, about 800,000 ETH, worth about $2 billion, is queued to be released back to holders who may decide to sell.
Other smaller treasury firms that also hold Ether as a reserve follow a similar model to BitMine but on a smaller scale. They raise funds from investors and convert them into ETH. However, none match the amount of Ether BitMine has acquired, underscoring the limits of this buying approach.
Who Buys Ethereum After BitMine Stops? As BitMine approaches its buying limit, few buyers are ready to replace its demand. With ETF investors selling off their holdings, staking supplying more Ether to the market, and smaller firms buying significantly less, it is unclear who will step in next.
A potential savior could be a shift in ETF flows that increases buying, as these funds can rapidly infuse billions into the market. However, until these fund buyers return, ETH holders may face further price declines. If ETF inflows push net assets back above $17.69 billion, Ether could regain some support. Analysts like those at Citi have projected a price target of $3,028, but this scenario hinges on demand returning once BitMine steps back.
Contact [email protected] for any questions or corrections.
Tom Lee's BitMine is weeks away from controlling 5% of all Ethereum in circulation, and what the company does after crossing that threshold could reshape demand for the entire network.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
BitMine Immersion Technologies (NYSEAMERICAN:BMNR | BMNR Price Prediction), chaired by Tom Lee, now holds approximately 4.9% of all ether (CRYPTO:ETH) in circulation. In its latest update on October 5, 2026, BitMine reported owning 6,016,414 ether, valued at about $14.7 billion based on ether’s October 8 price. This figure has increased by around 15,100 coins in just one week. Lee has set the ambitious goal of reaching 5% of the total supply, meaning BitMine is now just about 88,600 ether short of that target.
Unfortunately for Ethereum holders, ether’s price has dipped recently. As of October 8, it trades around $2,448, down nearly 9% over the past week, and roughly 50% lower than its peak of $4,946 reached in August 2025. So what does it mean for Ethereum holders when a single company like BitMine owns 5% of the total supply?
BitMine Is About 88,600 Ether Short of 5% of Ethereum
Ethereum has a total circulating supply of about 122.1 million coins, which means 5% equates to roughly 6.1 million Ether. With BitMine needing about 88,600 more coins to reach this milestone, and at its current purchasing rate of about 15,100 ether per week, it could reach this goal in about six weeks.
A significant portion of BitMine’s ether is staked. Staking involves locking coins to help secure the Ethereum network; in return, participants earn rewards paid in more ether. BitMine has staked about 5,067,309 ether, about 84% of its total holdings, and expects to earn about $363 million a year in staking rewards.
However, staked coins can’t be sold immediately. To retrieve its staked ether, BitMine must join the exit queue, the mechanism the network uses to gradually release staked ether. Currently, about 800,000 ether are already waiting in that queue, and BitMine’s staked amount alone is more than six times the current exit line.
BitMine Keeps Buying Ethereum, but Ether’s Price Keeps Falling
BitMine supporters may see the company’s consistent buying as a positive sign. By buying Ether every week, regardless of price, BitMine removes coins from the market, and it has sustained this buying activity for over a year.
However, remember that pulling coins off the market does not automatically attract more buyers. The price of ether is determined by trades occurring on exchanges, where buyers and sellers interact. BitMine is just one buyer among many, and ether’s 9% price drop over the past week shows that this steady buying hasn’t been enough to offset selling pressure from others.
Additionally, most Ether transactions happen on exchanges and don’t directly involve the blockchain. Thus, public data doesn’t reveal who sold those coins to BitMine or if other buyer interest is increasing.
Why One Company Holding 5% of Ethereum Carries Risk
For perspective, Strategy Inc. (NASDAQ:MSTR), the largest corporate holder of Bitcoin, had reported holding 843,775 Bitcoin (CRYPTO:BTC) in July, which is around 4% of Bitcoin’s total supply. BitMine’s Ethereum stake is already larger, raising concerns about a single company holding too much of one network’s coins.
This concentration comes with its own set of risks. A large holder like BitMine could push prices up when buying, but the opposite could happen if it decides to sell. Traders are aware of BitMine’s substantial position, and because most of its Ether is staked and cannot be sold quickly, any selling action would take weeks due to the exit queue.
Moreover, BitMine’s updates do not disclose its average purchase price or future plans after reaching the 5% target. Without this information, outside investors cannot determine the price at which BitMine might feel compelled to sell.
What Happens to Ethereum When BitMine Reaches 5%? Crossing the 5% threshold may not immediately change the landscape for Ethereum, as it only adds about 88,600 more coins to BitMine’s holdings. The more pressing question is what will happen to BitMine’s purchasing activity. Since Lee set 5% as a target, if BitMine reaches it, there’s no clear goal beyond that, which could signal the loss of a reliable source of market demand.
Two outcomes will help clarify the situation. First, if BitMine continues to report weekly purchases of around 15,000 ether after hitting 5%, that would indicate sustained demand. Conversely, if buying stops and Ether remains below about $2,450, it may suggest other buyers haven’t stepped in to fill the gap left by BitMine. A rise in Ether’s price without BitMine’s involvement would signal a growing demand beyond this single entity.
Contact [email protected] for any questions or corrections.
Wall Street now controls more Bitcoin than Satoshi Nakamoto ever mined, yet Bitcoin's price keeps falling. Find out whether institutional custody is the lifeline Bitcoin needed or the quiet takeover its creator feared.
Tom Lee just signaled a major shift in how Bitmine handles its Ethereum treasury, and crypto stocks across the board are taking the hit as investors reconsider what a buying halt means for a company built on relentless accumulation.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A standing weekly buyer of Ethereum (CRYPTO:ETH) is about to step away from the market, and crypto treasury stocks are absorbing the shock. Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) stock is down 7% to $24.49 in afternoon trading after its chairman indicated the end of the company’s weekly accumulation program.
Checking in on the peers, Sharplink (NASDAQ:SBET) stock is falling 5% to $8.99, a smaller drop for the company that sits closest to Bitmine’s business model. Strategy (NASDAQ:MSTR) shares are slipping 5% to $155.79, even though the company’s treasury is built on Bitcoin (CRYPTO:BTC), a different token entirely.
At the same time, the iShares Ethereum Trust ETF (NASDAQ:ETHA) is down 4% to $58.24 as the token itself retreats. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is sliding just 0.3% to $776.84, leaving the biggest selling concentrated in crypto. That gap marks this as a token-specific story, with Bitmine at its center.
Tom Lee Signals the End of Bitmine’s Ethereum Buying Bitmine Chairman Tom Lee addressed a crypto conference in Singapore. He stated the company will halt its Ethereum purchases once its holdings reach five percent of the token’s circulating supply, adding that Bitmine is close to that level. Bitmine had expected the effort to take five years, Lee declared. However, the company finished the job in a little over a year, through a bear market (a prolonged stretch of falling prices), and is now going to stop.
Lee stated that Bitmine holds 6,016,414 Ether, equal to 4.9% of the token’s circulating supply as of its latest disclosure. Every week since the launch of Bitmine’s treasury strategy, the company has bought Ethereum, making Bitmine one of the token’s most consistent sources of demand. Lee has previously indicated the company could sell Ether earned through staking (locking up tokens to help secure the network in exchange for rewards) to keep its stake from drifting above that ceiling.
Shares of Bitmine are falling further than Sharplink stock or Strategy Inc. stock and well beyond the broad market, while the Ethereum fund is down sharply too, because as a standing weekly purchaser Bitmine supplied steady demand for the token its own balance sheet is built on, and an announced end to that buying removes the support. This explains why the news lands harder on Bitmine than on a treasury company holding a different asset.
Weighing Bitmine Once Accumulation Ends Bitmine’s upside depends on reaching the five percent ceiling, which completes a plan management mapped out as a five-year effort and wrapped up in a little over one year. Once cash stops flowing into accumulation, Bitmine can direct that capital elsewhere, which may give Bitmine stock a fresh source of interest.
On the other hand, the bearish view holds that Bitmine’s weekly buying was itself part of the investment thesis. A treasury company that stops accumulating becomes a holding vehicle whose stock has no catalyst beyond the token’s own price, and Bitmine would face that test directly. With the Ethereum fund down 4% alongside the bigger slide in Bitmine stock, that dependence on the token is clearly visible.
What to Watch Next What matters next for Bitmine is what the company does with its capital once the accumulation stops. Investors will be looking at whether Lee’s earlier suggestion of selling Ether earned through staking becomes a regular practice that keeps Bitmine’s stake near the ceiling.
Bitmine stock is falling harder than both the ETHA Ethereum fund and the SPY ETF, a reminder of how much leverage the company’s treasury model carries. Cautious traders could reduce their position sizes and look for signs that the smaller decline in Sharplink stock holds, which would point to Bitmine’s announcement as the main driver of the selling.
Contact [email protected] for any questions or corrections.
Tom Lee’s latest crypto bull case is no longer just about Bitcoin (CRYPTO:$BTC) prices. At Korea Blockchain Week on Sept. 30, the BitMine Immersion Technologies, Inc. (NYSE:BMNR) chairman pointed to tokenization, institutional inflows, generational wealth transfer and AI agents using digital money as forces that could make this crypto cycle larger than previous ones.
• BitMine Immersion stock is showing upward movement. Why are BMNR shares climbing?
AI Is Joining the Crypto TradeLee’s argument is that crypto is becoming infrastructure for a broader digital economy, rather than simply a bet on another Bitcoin rally. He highlighted the growing use of blockchain for tokenization and argued that AI agents could eventually need digital money to transact autonomously.
That creates a different potential demand source for crypto. An AI agent that needs to pay for data, software or other digital services cannot operate exactly like a human using a bank account or credit card. Lee sees blockchains and digital assets increasingly filling that gap.
Tokenization is the other major piece. Lee pointed to traditional financial institutions moving assets onto blockchains as evidence that crypto infrastructure is becoming more closely connected to mainstream finance. BitMine has separately said it expects tokenization and agentic AI to provide tailwinds for institutional crypto participation.
BMNR Has its own Crypto SignalThe timing is notable for BitMine.
BitMine said Sept. 13 that it held 5.96 million Ethereum, representing about 4.9% of Ethereum‘s (CRYPTO:$ETH) total supply, alongside $549 million in cash and marketable securities and other investments. Its combined crypto, cash, securities and "moonshot" holdings totaled $15.8 billion at the time.
The company’s strategy therefore gives investors a public-market vehicle tied directly to Lee’s Ethereum thesis. BitMine has been pursuing what it calls the "Alchemy of 5%" — its goal of owning 5% of Ethereum’s total supply.
Read Next
Chart created using Benzinga Pro
Its stock chart is adding another layer to the story.
BitMine’s 50-day moving average has crossed above its 200-day moving average, creating a Golden Cross, a technical pattern traders often watch as a potential sign that recent momentum is strengthening.
The stock is up 9.51% over one month and 41.66% over six months, despite a 5.55% decline over the past five trading days.
The Next Test Is EthereumLee’s thesis still faces a straightforward market test: whether institutional money actually follows the tokenization and AI-agent narrative into crypto assets.
For BitMine investors, the interesting convergence is therefore fundamental and technical: Lee is arguing that crypto’s next cycle could be powered by entirely new sources of demand, while the stock is showing a technical setup that suggests traders are already paying attention.
The next catalyst is whether Ethereum adoption, institutional flows and BitMine’s continued accumulation can turn Lee’s AI-and-tokenization thesis into sustained demand for the assets sitting on BitMines balance sheet.
Read Next
Photo: PJ McDonnell / Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Buy BMNR. Catalysts stack: it’s ~98% through its Ethereum buying target, which should slow dilution and boost ETH staking intensity; it’s already staked 5.1M+ tokens with very high staking revenue potential; and the stock has golden-cross + bullish-flag technicals with a clear path to $35. Valuation is a sum-of-parts bargain: ETH holdings alone (~$16.1B) are near the whole market cap (~$15.9B), with extra crypto/cash upside.
Key Risk: Ethereum price falls hard or stays weak, crushing staking revenue and the value of its ETH holdings.
ETH spot ETF inflows
Buy ETH (or ETH spot ETF exposure). The article points to accelerating spot ETF inflows ($832M in September) and a Citi target hike to ~$3,028—this is the demand engine that can lift ETH and, by extension, BMNR’s NAV and staking cash flow. If ETH breaks higher, BMNR’s “end dilution + more staking” story compounds the move.
Key Risk: ETF inflows reverse (outflows) and ETH breaks down below key trend levels.
BitMine stock has lost momentum this week as the broader crypto market weakened. BMNR dropped to $26.43, a few points below last month's high of $28.76. This softness could be the calm before the storm, with a larger move possible in the coming weeks.
BMNR stock will be in the spotlight this month, possibly as it concludes its Ethereum buying process. The company now holds over 6 million tokens and has staked over 5.1 million tokens. It is 98% of the way of hitting its target.
Completing these purchases will be important because it will end the pace of dilution that has seen its outstanding shares jump in the last 15 months.
At the same time, it will help the company to intensify its ETH staking. It has now staked over 5 million tokens and is earning, with Tom Lee estimating that its annualized staking revenue is worth over $358 million. Eventually, he expects that the company will make over $424 million when it stakes all its tokens.
These numbers are important because of BitMine’s business model. Unlike Strategy, which has a software business with employees, BitMine has about 3 workers. This means that most of the staking revenue will be profit.
The other bullish catalyst for BitMine is that Ethereum may surge in October. In a report today, Citigroup hiked its target for ETH price to $3,028 from the previous $2,240.
The company noted that flows into the crypto market will continue, albeit at a slower pace. This inflow will happen as money managers start to gradually allocate cash to ETH and other assets.
Indeed, data shows that spot Ethereum ETF inflows jumped by $832 million in September after adding $1.8 billion last month. These funds have had inflows in the last three months, a move that has coincided with the weakness in the artificial intelligence market.
Technicals are highly supportive. It has formed a bullish flag pattern and retested its upper side. A break-and-retest pattern is one of the most common continuation signs in technical analysis.
Ethereum price also formed a golden cross pattern, which happens when the 50-day and 200-day Exponential Moving Averages cross each other. This means that the coin may jump to $3,000, which would value its Ethereum holdings at $18 billion.
ETH price chart | Source: TradingView
The daily chart shows that BitMine stock has some highly bullish technicals. It has just formed a golden cross pattern and is in the process of forming a bullish flag pattern. A bullish flag is made up of a vertical line and a descending channel.
BitMine stock remains above the ascending trendline that links the lowest swings since June 30th. It also sits above the Supertrend indicator. Therefore, the stock may continue rising as bulls target the psychological level of $35.
BMNR stock chart | Source: TradingView
More data shows that BitMine is trading at bargain prices, especially when considering the sum of parts. This is an approach where one looks at a company’s segments and compares with the valuation.
In this case, the company has a market capitalization of $15.9 billion and has no debt. In contrast, its Ethereum holdings are valued at $16.1 billion. Its crypto holdings, together with cash and Moonshots have a valuation of $17.2 billion, higher than its current valuation.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BMNR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Bitmine Immersion Technologies (BMNR -0.41%) now owns nearly 5% of all outstanding Ethereum.
The company purchased 17,362 Ethereum tokens last week. It now holds over 6 million Ethereum tokens, collectively worth nearly $16.3 billion at Ethereum's current price of roughly $2,716 per token, as of this writing.
Is Bitmine's stock a buy?
Image source: Getty Images.
Replicating a familiar strategy with a new cryptocurrencySimilar to how Strategy began buying up Bitcoin with firm capital in 2020, Bitmine began embracing this crypto-treasury strategy with Ethereum in mid-2025.
The company also appointed the famous market strategist Tom Lee as chair of its board of directors.
"Moreover, we continue to see affirming signs that a crypto bull market is underway, having started in late June," Lee said in a recent statement. "In our view, institutions are still underweight crypto and we expect them to be adding to their exposure in the final months of 2026. With only a little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen."
Lee, in particular, has been bullish on Ethereum because it serves as the primary network for stablecoin transactions. Stablecoins are digital assets pegged to a commodity or currency, such as the U.S. dollar.
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Many see stablecoins as an ideal way to execute more efficient payment transactions because you get all of the benefits of a digital asset without the inherent volatility associated with most cryptocurrencies.
In 2025, adjusted stablecoin transaction volume reached $10.9 trillion, according to Bessemer Ventures.
There are a few considerations regarding Bitmine stock.
The first concerns being a crypto-treasury company. A simple way to value these is to simply look at the net asset value of a company's crypto holdings and see what market cap the stock trades at relative to this metric.
As I mentioned, Bitmine currently holds about $16.3 billion in Ethereum, which is slightly above its market cap. The company also had about $340 million of cash and equivalents at the end of May.
So, in this regard, Bitmine stock is fairly valued.
Through the nine months ending in May, Bitmine also generated nearly $60 million in revenue and lost about $20.50 per share, although most of the loss is due to unrealized losses on its digital asset holdings, which can swing with market prices.
But with a market cap over $16 billion and less than $60 million of revenue through nine months, it's not like you can really value the stock on revenue, either.
This, in turn, makes Bitmine's value essentially dependent on Ethereum's. Trying to determine any near-term movements of Ethereum will obviously be difficult, but it's one of the few cryptocurrencies I like long-term.
As Lee said, if stablecoins continue to gain traction, which they very well could with the passage of the GENIUS Act, then Ethereum should benefit.
Ethereum is also one of the go-to networks for decentralized applications and finance, so it has real-world utility, which I believe is a key attribute when buying cryptocurrencies.
The real key is to monitor how the stock trades relative to the net asset value of the Ethereum it owns over time.
Bitmine also offers perpetual preferred stockInvestors can also consider taking advantage of Bitmine's perpetual preferred stock, which yields 9.5% annually. Perpetual preferred stock sits between corporate debt and common stock on the priority ladder.
That means perpetual stockholders are entitled to dividends before common stockholders. Bitmine's perpetual stock is also cumulative, meaning any skipped dividends accumulate and still must be paid later.
Bitmine used the capital it raised from its issuance of perpetual preferred stock to buy Ethereum. The risk of perpetual preferred stock is that if the company goes out of business, these shareholders are unlikely to recoup their principal.
Bitmine can also elect to redeem the perpetual stock at any time, though the redemption amount varies with the time elapsed since issuance.
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million
Bitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 6,728bp
Tom Lee to deliver the keynote at KBW on September 30, 2026
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 $13.7 billion at $2,698 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $115 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 $17.2 billion, including over 6 million ETH tokens, total cash & marketable securities of $672 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
, /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 $17.2 billion.
Bitmine Weekly Update
Asset Performance relative to SEP 500 since June 30, 2026
STAKING: BMNR now staking over 5 million ETH as of Sep 27, 2026
ALCHEMY OF 5%: BMNR ranked #94 by 5D avg daily $ volume
As of September 27, 2026 at 3:00pm ET, the Company's crypto holdings are comprised of 6,001,302 ETH at $2,698 per ETH (per CoinbaseNASDAQ: COIN), 213 Bitcoin (BTC), $180 million stake in Beast Industries, $115 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $672 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.1 million ETH).
"Bitmine's total ETH holdings now exceed 6 million. This is a tremendous achievement, accumulating this total in under 15 months. We are already seeing the synergies and positive network effects from our accumulating nearly 5% of ETH total supply." stated Thomas "Tom" Lee, Chairman of Bitmine.
"Moreover, we continue to see affirming signs that a crypto bull market is underway, having started in late June. In our view, institutions are still underweight crypto and we expect them to be adding to their exposure in the final months of 2026. With only a little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen. For the calendar quarter to date, ETH is outperforming by 6,728bp, dwarfing other macro assets." stated Lee.
Tom Lee will also deliver the keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. (KST) at Walkerhill Hotels & Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, one of Asia's leading blockchain and digital asset conferences. Additional information is available on the Korea Blockchain Week website.
"Over the past week, we acquired 17,362 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.
On July 16, 2026, Bitmine released the latest Chairman's Message (link here) for July 2026, entitled "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 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 September 27, 2026, Bitmine's total staked ETH stands at 5,067,309 ($13.7 billion at $2,698 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 $424 million on an annualized basis (using 2.62% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $358 million. And this 5.1 million ETH is 84% of the 6.00 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.62% (annualized)," continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.1 billion (5-day average, as of September 25, 2026), ranking #94 in the US, behind Twilio Inc (rank #93) and ahead of Philip Morris International (rank #95) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 845,080 BTC valued at approximately $75 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
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
Cautionary Note on 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 that the Company is 98% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 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 $424 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield) and currently projected annualized staking revenues of approximately $358 million; (iv) MAVAN's 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 BMNR and institutional investors; (v) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 6,728bp; (vi) management's belief that institutions are still underweight crypto and the expectation of institutional investors adding to their crypto exposure in the final months of 2026; (vii) management's belief that a crypto bull market is underway, having started in late June; (viii) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (ix) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (x) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $17.2 billion and ETH holdings representing 4.9% of the total ETH supply.
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 and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) 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 and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, 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 (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and general economic conditions affecting investor sentiment toward digital assets; the unpredictability of cryptocurrency market cycles and the accuracy of management's expectations regarding institutional participation; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; 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 and on the Company's website at https://Bitminetech.io/investor-relations/. 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.
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million Bitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 6,519bp Tom Lee to deliver the keynote at KBW on September 30, 2026 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 $13.6 billion at $2,688 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors Bitmine owns $105 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 $17.1 billion, including 5.98 million ETH tokens, total cash & marketable securities of $714 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.
Samenstelling van de treasury van Eightco per 16 september 2026: USD 90 miljoen aan indirecte aandelenbelangen in OpenAI, USD 18 miljoen aan aandelenbelangen in Beast Industries, 16.278 ETH, bijna 302 miljoen WLD-tokens en USD120 miljoen aan liquide middelen en kasequivalenten, goed voor een totaal van ongeveer USD 380 miljoen
Eightco heeft onlangs voor hetafgelopen kwartaal meer dan 26 miljoen gewone aandelen ingekocht in het kader van het eerder aangekondigde aandeleninkoopprogramma ter waarde van USD 125 miljoen
Eightco nam eerder deel aan de financieringsronde van World Foundation ter waarde van USD 52,5 miljoen, die werd geleid door Pantera en waaraan ook Bain Capital Crypto, Selini Capital, Susquehanna Crypto en andere investeerders deelnamen
Eightco biedt indirecte blootstelling aan enkele van de meest innovatieve private ondernemingen, waaronder OpenAI en Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" of de "Onderneming") heeft vandaag een update verstrekt over haar totale bezittingen, waarbij de Onderneming haar posities in digitale activa en strategische investeringen in toonaangevende private technologieondernemingen toelichtte. In het afgelopen kwartaal heeft Eightco meer dan 26 miljoen gewone aandelen ingekocht in het kader van het eerder aangekondigde ter waarde van USD 125 miljoen.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Op 16 september 2026 om 16:30 uur (ET) omvatten de bezittingen van ORBS een investering van USD 90 miljoen (indirect, via SPV's) in OpenAI, een investering van USD 18 miljoen in Beast Industries die reeds is gefinancierd, eeninvestering van USD 1 miljoen in Mythical Games, 301.971.219 Worldcoin (WLD) tegen USD 0,37 per WLD (volgens Coinbase), 16.278 Ethereum (ETH) en ongeveer USD 122 miljoen aan totale liquide middelen en stablecoins, wat neerkomt op totale bezittingen van ongeveer USD 380 miljoen.
Belangrijkste ontwikkelingen:
Het management van Eightco is van mening dat de treasuryportefeuille van de onderneming enkele van de meest essentiële bouwstenen voor het toekomstige AI- en digitale financiële systeem bevat. De belangrijkste ontwikkelingen van deze week zijn:
Op 14 september werd bekendgemaakt dat OpenAI de smartphone-cameraproducent Glass Imaging heeft overgenomen, een start-up die AI gebruikt om de kwaliteit van smartphonecamera's te verbeteren, in een deal met een waarde van meer dan USD 300 miljoen (The Wall Street Journal). Op 15 september werd bekendgemaakt dat OpenAI een partijoverschrijdend voorstel van het Huis van Afgevaardigden steunt voor veiligheidsbeoordelingen door externe partijen, waardoor toonaangevende AI-bedrijven zouden worden verplicht om samen te werken met onafhankelijke veiligheidsbeoordelaars. Het is de eerste keer dat OpenAI zijn steun uitspreekt voor een specifiek federaal voorschrift dat vereist dat onafhankelijke veiligheidsbeoordelaars het werk beoordelen van de toonaangevende bedrijven die geavanceerde AI ontwikkelen (Politico). Op 16 september kondigde World 'World One' aan, een residentieprogramma van drie maanden in San Francisco voor solo-ontwikkelaars om in het openbaar te bouwen en baanbrekende producten op de markt te brengen die gebruikmaken van World ID-technologie. De eerste lichting biedt plaats aan maximaal vijf ontwikkelaars, waarbij kantoorruimte en financiële ondersteuning worden geboden (World). Old Navy is onlangs een samenwerking aangegaan met MrBeast voor een 'back-to-school'-campagne, wat volgens gegevens van Old Navy in de dagen direct na de lancering heeft geleid tot een stijging van meer dan 22% in het aantal bezoekers van het online kinderassortiment van Old Navy. Tot op heden hebben de video's van MrBeast wereldwijd meer dan 100 miljoen views en 1,4 miljard vertoningen op YouTube gegenereerd, terwijl ze tegelijkertijd het aantal kijkers en de betrokkenheid van Old Navy op andere platforms, waaronder TikTok, hebben vergroot. Dit toont de kracht en impact aan van samenwerking met de creator-economie om de betrokkenheid bij gevestigde retailmerken te stimuleren (RetailDive). "Voor mij is het feit dat de grensverleggende AI-laboratoria een vorm van zelfregulering (SRO) bevorderen een cruciale en belangrijke stap voorwaarts. Door veiligheidsrisico's te onderkennen en de noodzaak van proactieve maatregelen te erkennen, slaagt de AI-sector erin de kloof te overbruggen met die gemeenschapsleiders en burgers die zich verzetten tegen een onbeheerste ontwikkeling van AI. Ik denk dat dit de kans dat de huidige tegenstand afneemt aanzienlijk vergroot. Tegelijkertijd denken we dat de sector bij groei met weinig afwegingen te maken zal krijgen en dat dit de groei wellicht zelfs in een sneller tempo zou kunnen laten verlopen", aldus Thomas "Tom" Lee, bestuurslid van ORBS.
Eightco: Blootstelling aan belangrijkste megatrends
Eightco is gebouwd rond drie megatrends waarvan de onderneming verwacht dat ze het komende decennium van innovatie zullen bepalen: kunstmatige intelligentie, digitale identiteit en de creator-economie. De onderneming heeft via indirecte investeringen in OpenAI (24% van de treasuryportefeuille van ORBS), Worldcoin (29%) en Beast Industries (5%) posities in elk van deze trends.
Kunstmatige intelligentie — OpenAI
Eightco heeft ongeveer USD 90 miljoen geïnvesteerd in special purpose vehicles met blootstelling aan aandelenbelangen in de moedermaatschappij van OpenAI. Dit vertegenwoordigt ongeveer 24% van de treasury-activa, een van de hoogste openbaar gemaakte concentraties van een beursgenoteerd beleggingsvehikel.
ChatGPT, de consumentenapp van OpenAI, is wereldwijd de nummer 1-consumentenapp voor AI (Sensor Tower). Op 31 juli 2026 maakte OpenAI bekend dat zijn modellen inmiddels meer dan één miljard actieve gebruikers en meer dan twee miljoen ondernemingen bereiken. Zes maanden nadat ze zich hebben aangemeld, versturen mensen dagelijks ongeveer 50% meer berichten en gebruiken ze ChatGPT voor ongeveer twee keer zoveel soorten werkzaamheden.
Digitale identiteit — WLD-token
Eightco bezit bijna 302 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod. Daarmee heeft de onderneming wereldwijd de grootste openbaar gemaakte institutionele positie, die ongeveer 29% van de treasury-activa van Eightco vertegenwoordigt.
Worldcoin is de native token van World, een wereldwijd Proof of Human-netwerk dat is ontwikkeld door Tools for Humanity (mede opgericht door Sam Altman en Alex Blania) en wordt beheerd door de World Foundation. De Orb-apparaten verstrekken een privacybeschermende World ID waarmee wordt geverifieerd dat een gebruiker een unieke mens is en geen AI-agent.
Onder het aangekondigde bedrijfsmodel van World betalen applicaties per verificatie een vergoeding, terwijl verificatie voor eindgebruikers gratis blijft. Zowel uitgevers van digitale identiteitsbewijzen als het World-protocol genereren daarbij inkomsten uit de authenticatie van geverifieerde mensen. World identificeert een totale adresseerbare omzetkans van USD 6,35 biljoen in 13 sectoren, waaronder het bankwezen, e-commerce, gaming, sociale media en agentische AI (volgens Tools for Humanity).
Creator-economie — Beast Industries
Eightco heeft USD 18 miljoen geïnvesteerd in aandelen van Beast Industries, wat ongeveer 5% van de treasuryactiva vertegenwoordigt.
Beast Industries heeft wereldwijd een van de grootste directe consumentenbereiken, met opgeteld meer dan 500 miljoen volgers op verschillende platforms, waarbij MrBeast het bereik aanvoert als de wereldwijd meest bekeken persoon op YouTube. Naarmate AI contentproductie tot een gestandaardiseerde grondstof maakt, worden distributie en het vertrouwen van het publiek steeds schaarser.
Over Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde onderneming die een Worldcoin (WLD)-treasurystrategie toepast die de eerste in haar soort is. Daarmee biedt zij beleggers via één beursticker indirecte blootstelling aan drie bepalende trends van deze cyclus: kunstmatige intelligentie via haar indirecte investering in OpenAI, digitale identiteit via haar positie als grootste beursgenoteerde houder van WLD en het Proof of Human-protocol, en de creator-economie via haar aandelenbelang in Beast Industries van MrBeast. Ondersteund door toonaangevende institutionele beleggers, waaronder Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera en GSR, bouwt Eightco aan de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI.
Voor meer informatie:
X: @iamhuman_orbs
Website: 8co.holdings
Veelgestelde vragen
Wat is het aandeel ORBS?
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde onderneming op de Nasdaq. ORBS biedt indirecte blootstelling aan OpenAI en Beast Industries en houdt een van de grootste openbaar gemaakte posities in Worldcoin (WLD) aan.
Wie bezit de meeste Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) bezit bijna 302 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod, en heeft wereldwijd de grootste openbaar gemaakte institutionele positie.
Wat is Proof of Human?
Proof of Human is een cryptografische verificatiemethode waarmee wordt vastgesteld dat een gebruiker een unieke, levende persoon is en geen bot of AI-agent. Het vormt fundamentele infrastructuur voor sociale netwerken, het bankwezen, agentische handel en elk systeem dat in het tijdperk van agentische AI "één persoon, één account" vereist.
Hoe verhoudt Eightco (ORBS) zich tot Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is de grootste openbaar gemaakte institutionele houder van Worldcoin (WLD), de token die het Proof of Human-netwerk van World aandrijft.
Wie is de CEO van Eightco Holdings?
Kevin O'Donnell is de CEO van Eightco Holdings (NASDAQ: ORBS). De raad van bestuur van de onderneming bestaat onder meer uit Tom Lee (Managing Partner en Head of Research bij Fundstrat en voorzitter van Bitmine Immersion Technologies (NYSE: BMNR)) en Brett Winton (Chief Futurist bij ARK Invest), die adviseur van de raad van bestuur is.
Toekomstgerichte verklaringen
Dit persbericht bevat toekomstgerichte verklaringen in de zin van de Private Securities Litigation Reform Act van 1995. Alle verklaringen in dit persbericht die geen betrekking hebben op historische feiten kunnen worden beschouwd als toekomstgerichte uitspraken, met inbegrip van, maar niet beperkt tot, verklaringen met betrekking tot: de verwachtingen van de Onderneming dat kunstmatige intelligentie, digitale identiteit en de 'creator economy' bepalend zullen zijn voor het komende decennium van innovatie; de overtuiging van het management dat de treasury-portefeuille van de Onderneming enkele van de meest cruciale componenten bevat voor het toekomstige AI- en digitale financiële systeem; verklaringen dat 'frontier AI labs' die een vorm van zelfregulering stimuleren een cruciale stap voorwaarts zijn die de kans vergroot dat de bestaande weerstand tegen de vooruitgang op het gebied van AI kan afnemen; verklaringen dat de sector bij groei met weinig afwegingen te maken zal krijgen en dat dit de groei mogelijk in een sneller tempo zou kunnen laten verlopen; verklaringen over de omzetkansen die World in verschillende sectoren kan benutten; verklaringen dat distributie en het vertrouwen van het publiek steeds schaarsere activa worden naarmate AI de productie van content tot een massaproduct maakt; verklaringen dat de Onderneming de infrastructuurlaag voor menselijke verificatie aan het opbouwen is in het tijdperk van agentische AI; verklaringen dat 'Proof of Human' de fundamentele infrastructuur vormt voor sociale netwerken, het bankwezen, agentische handel en systemen die een geverifieerde menselijke identiteit vereisen; verklaringen over het feit dat de Ondernemingen via haar investeringen in OpenAI, WLD en Beast Industries indirect blootstelling biedt aan bepalende trends; en verklaringen over voortgezette aandeleninkoop in het kader van het programma van de Onderneming om aandelen in te kopen ter waarde van USD 125 miljoen. Woorden en uitdrukkingen zoals 'plannen', 'verwacht', 'zal', 'voorziet', 'blijven', 'uitbreiden', 'bevorderen', 'ontwikkelen', 'gelooft', 'verwachting', 'doelstelling', 'kan', 'blijft', 'prognose', 'vooruitzichten', 'voornemen', 'schatting', 'zou kunnen', 'zou moeten', 'gepositioneerd', 'visie' en andere termen met een vergelijkbare betekenis of strekking zijn bedoeld om toekomstgerichte verklaringen aan te duiden, hoewel niet alle toekomstgerichte verklaringen dergelijke termen bevatten. Toekomstgerichte verklaringen zijn gebaseerd op de huidige overtuigingen en aannames van het management, die onderhevig zijn aan risico's en onzekerheden, en vormen geen garantie voor toekomstige prestaties. De werkelijke resultaten kunnen wezenlijk afwijken van de resultaten die in toekomstgerichte verklaringen worden vermeld als gevolg van diverse factoren, waaronder, maar niet beperkt tot: het onvermogen van de Onderneming om leiding te geven aan het management of de bedrijfsvoering van particuliere ondernemingen waarin zij geen meerderheidsaandeelhouder is, waaronder OpenAI en Beast Industries; het risico van verlies of waardevermindering op de strategische investeringen van de onderneming, waaronder haar indirecte positie in aandelen van OpenAI (aangehouden via special purpose vehicles), haar positie in WLD en haar positie in aandelen van Beast Industries; het vermogen van de onderneming om te blijven voldoen aan de vereisten voor voortgezette notering van Nasdaq; onverwachte kosten, lasten of uitgaven die de kapitaalmiddelen van de onderneming verminderen of anderszins de inzet van kapitaal vertragen; het onvermogen om voldoende kapitaal aan te trekken om haar bedrijfsactiviteiten of strategische investeringen te financieren of op te schalen; schommelingen in de prijzen van digitale activa, waaronder WLD en ETH, die de waarde van de eigen voorraad van het bedrijf wezenlijk kunnen beïnvloeden; wijzigingen in de regelgeving, toekomstige wetgeving en regelgeving die een negatieve invloed hebben op digitale activa, de invoering van kunstmatige intelligentie of het verzamelen van biometrische gegevens; risico's in verband met de ontwikkeling, invoering en marktacceptatie van de Proof of Human-technologie en het World-netwerk; onzekerheid over het tempo en het verloop van de implementatie van agentische AI in bedrijfs- en consumententoepassingen; onzekerheid over de productplanning van OpenAI, ontwikkelingen in het bedrijfsmodel en eventuele toekomstige liquiditeitsgebeurtenissen; risico's met betrekking tot het vermogen van Beast Industries om zijn groeiprognoses te realiseren; concurrentie op de markten voor digitale identiteit en AI-infrastructuur; afhankelijkheid van externe bronnen voor de waardering van bepaalde investeringen; onzekerheid over het voortdurende succes van MrBeast en de prestaties van het door creators aangestuurde bedrijfsmodel van Beast Industries; risico's met betrekking tot de geconcentreerde posities van de Onderneming in bepaalde digitale activa en investeringen in particuliere ondernemingen; risico's met betrekking tot het aandeleninkoopprogramma van de Onderneming, waaronder de timing, prijsstelling en omvang van eventuele inkooptransacties; veranderende standpunten van het publiek en de overheid ten aanzien van digitale activa of sectoren die verband houden met kunstmatige intelligentie, waaronder mogelijke tegenreacties tegen datacenters; risico's met betrekking tot de timing, kenmerken en commerciële ontvangst van de modelreleases van OpenAI; risico's in verband met de adverteeractiviteiten van OpenAI en het vermogen van de Onderneming om de omzetgroei vast te houden; risico's dat de dynamiek van het aanbod van WLD mogelijk niet tot de verwachte markteffecten leidt; onzekerheid over het tempo en de richting van de zelfregulering binnen de AI-sector en de gevolgen daarvan voor de investeringen van de Onderneming; en risico's dat samenwerkingsverbanden in de creator-economie, waaronder de samenwerking met Old Navy en MrBeast, mogelijk niet leiden tot blijvende betrokkenheid of merkwaarde. Gezien deze risico's en onzekerheden wordt u gewaarschuwd om niet overmatig te vertrouwen op dergelijke toekomstgerichte verklaringen. Voor een bespreking van andere risico's en onzekerheden en andere belangrijke factoren die elk ertoe kunnen leiden dat de werkelijke resultaten van Eightco afwijken van die in de hierin opgenomen toekomstgerichte verklaringen, wordt verwezen naar de documenten die Eightco heeft ingediend bij de Securities and Exchange Commission (de "SEC"), waaronder de risicofactoren en andere informatie in haar jaarverslag op Form 10-K, dat op 15 april 2026 bij de SEC is ingediend, haar kwartaalverslag op Form 10-Q, dat op 15 mei 2026 bij de SEC is ingediend, en andere openbaar beschikbare SEC-indieningen. Alle informatie in dit persbericht is actueel op de datum van publicatie en Eightco aanvaardt geen verplichting om deze informatie bij te werken of de resultaten van eventuele herzieningen van de hierin opgenomen toekomstgerichte verklaringen openbaar te maken om feitelijke resultaten of wijzigingen in haar verwachtingen weer te geven.
Buy BitMine (BMNR). The setup is a crypto-treasury inflection: after ~15 months of Ethereum accumulation, it’s shifting toward cash generation via staking (about 2.7% yield) and using proceeds for buybacks/dividends. The chart is also primed: bullish flag, holding above $23.67 support, and a golden-cross setup. With ETH breaking above $2,500 and BTC above $80k, BMNR should keep rerating as “ETH beta + improving cash flow” becomes the narrative. Target $40 resistance.
Key Risk: ETH falls back below the $2,500 breakout and the market re-prices crypto-treasury stocks, crushing both the stock momentum and the value of BMNR’s ETH holdings.
Buy ETH via spot exposure
Buy spot Ethereum exposure (ETH-USD or an ETH ETF). The article points to continued upside technicals (bullish flag, golden cross) with a path toward ~$3,000. This is the cleanest way to monetize the same driver that’s lifting BMNR, without relying on BMNR’s execution timing. If ETH trends higher, BMNR should amplify the move.
Key Risk: A sharp ETH drawdown (macro risk-off or regulatory shock) breaks the bullish chart structure and forces a fast unwind of crypto momentum.
BitMine stock has held steady above a crucial support level as the company nears an inflection point in its Ethereum accumulation strategy. BMNR rose to $25.58, up by nearly 100% from its lowest level this year. This rally may continue after it formed a highly bullish chart pattern and as Ether steadies.
ETH token jumped and crossed the important resistance level of $2,500. It was trading at $2,595, up sharply from the year-to-date low of $1,517. This rally coincided with the broader crypto market gains, that pushed the market capitalization of all coins up by over 4% to $2.75 trillion. Bitcoin also jumped above the crucial resistance level of $80,000.
BitMine is one of the top beneficiaries of Ethereum’s surge because of its large holdings. It now holds 5.956 million coins, currently valued at over $15.4 billion.
There are signs that ETH price will continue doing well this year. As the chart below shows, the token has formed a bullish flag pattern and is now slowly nearing its upper side. This pattern is made up of a vertical line and a horizontal channel.
In addition to a bullish flag pattern, the token has slowly formed a golden cross pattern, which is made up of a 200-day and 50-day moving average crossover. It usually leads to more gains by confirming that the short-term momentum is accelerating.
Therefore, there is a possibility that it will jump to $3,000, which is about 16% above the current level.
ETH price chart | Source: TradingView
BitMine stock is rising as the company remains in a transition period. After spending 15 months in an Ethereum accumulation phase, the company is now moving towards cash generation and strategic initiatives.
Unlike BitMine and other crypto treasury companies, Tom Lee has a strategy of owning just 5% of all ETH tokens in circulation. The estimated amount is 6 million tokens, meaning that he now needs to buy just 43,000. If the recent trend continues, chances are that the company completed the accumulation this week. Alternatively, it may complete the process next week.
After this, the company, which has about 3 employees, will transition from dilution into focusing on free cash flow (FCF). It will do that by staking its tokens through MAVAN, the validator network it built recently. With the staking yield being about 2.7%, it means that the company will generate about 162k ETH coins a year.
The value of these coins will depend on the prevailing Ethereum price, and the company will be able to use these funds to repurchase shares, pay dividends, and make strategic investments. This explains why Cantor Fitzgerald recently boosted its target for the stock to $60.
BitMines stock chart | Source: TradingView
Technicals suggest that the BMNR stock has more room to run in the coming weeks. It remains above the important support level of $23.67, its highest point in March, April, and May this year.
The stock has formed a bullish flag pattern, a common bullish reversal sign in technical analysis. It is also about to form a golden cross pattern as the spread between the 50-day and 200-day moving averages narrows. These patterns suggest that the stock may rebound and possibly hit the key resistance level of $40 soon.
Eightco treasury composition as of September 16, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $120M cash and equivalents, totaling approximately $380 million Eightco has recently repurchased over 26 million shares of common stock this quarter under its previously announced $125 million share repurchase program Eightco previously participated in World Foundation's $52.5M funding round, led by Pantera with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, and additional investors Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries EASTON, Pa., Sept. 17, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies.
BitMine Immersion Technologies, Inc. (NYSE:BMNR) has accumulated enough Ethereum (CRYPTO:$ETH) to own nearly 1 in every 20 ETH in existence. The company now holds 5.96 million ETH as of Sept. 13. That’s 4.9% of Ethereum’s 122 million-token supply, putting Tom Lee’s most ambitious crypto accumulation target within striking distance.
The next milestone is no longer theoretical: It is 5%.
BitMine’s ETH is worth roughly $15 billion at the company’s reported ETH price of $2,513. The holdings represent 4.9% of the total supply, and BitMine says it is 98% of the way toward its "Alchemy of 5%" goal.
At 5% of a 122 million ETH supply, the target would be about 6.1 million ETH. That leaves BitMine roughly 144,000 ETH short of the milestone based on the company’s latest figures.
That gap is small relative to the scale of the accumulation already completed. BitMine has gone from building an Ethereum treasury to potentially controlling a 5% stake in the network’s entire supply — a distinction that increasingly defines the investment case around BitMine.
Read Next
More Than an ETH TreasuryBitMine said 5,067,309 ETH was already staked as of Sept. 13, representing more than 85% of its Ethereum holdings. At the reported ETH price, that staked position was valued at about $12.7 billion.
Trending
BitMine’s broader crypto, cash, marketable securities and "moonshot" holdings totaled $15.8 billion, including $549 million of cash and marketable securities, 212 BTC and stakes in Beast Industries and Eightco Holdings.
That structure gives BitMine exposure not only to ETH’s price, but also to staking economics and the company’s ability to keep expanding its Ethereum position.
The 5% Test MattersThe 5% threshold is BitMine’s strategic objective, not an arbitrary market benchmark. The company has repeatedly framed the goal as accumulating 5% of Ethereum’s total supply, with Lee serving as chairman.
Reaching 5% would therefore mark a shift from an accumulation story to an execution milestone. Investors would then have a different question to answer: What does BitMine do with an Ethereum position that represents one-twentieth of the entire network?
The closer BitMine gets to 6.1 million ETH, the less the story is about whether the company can build a massive Ethereum treasury — and the more it becomes about what that treasury can generate.
BitMine is now only about 144,000 ETH away from the 5% target that sits at the center of Lee’s strategy. The milestone is close enough that the next accumulation updates could matter as much for the stock’s narrative as changes in ETH itself.
The key catalyst is no longer simply another ETH purchase; it is whether BitMine can cross the 5% line.
Read Next
Tom Lee created by artificial analysis via DALL-E; and Dow Jones Industrial Average, via Shutterstock
Bitmine owns 4.9% of the total ETH coin supply of 122.0 million
Bitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 5,866bp
Tom Lee to deliver the keynote at KBW on September 30, 2026
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 $12.7 billion at $2,513 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $98 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 $15.8 billion, including 5.96 million ETH tokens, total cash & marketable securities of $549 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
, /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 $15.8 billion.
As of September 13, 2026 at 5:30pm ET, the Company's crypto holdings are comprised of 5,956,378 ETH at $2,513 per ETH (per CoinbaseNASDAQ: COIN), 212 Bitcoin (BTC), $180 million stake in Beast Industries, $98 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $549 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.0 million ETH).
"The price ratio of ETH to BTC moved to the highest level since Jan 30th of this year and established a new uptrend, breaking the trendline in place since the COVID-19 highs. In our view, this reflects Ethereum's strengthened position as the settlement rails for Wall Street tokenization and the increased realization that Ethereum may play a critical central role in managing agentic-AI. What is impressive is this strength in the absolute price of ETH and ETH/BTC taking place while global equities remain rangebound due to war risks and rising yields." stated Thomas "Tom" Lee, Chairman of Bitmine.
Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine is expecting ETH to make a sharp upward move in coming weeks. According to Tom DeMark, "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect late August's sharp one-day rally was a likely preview of the pending advance."
"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, outperforming the S&P 500 by 5,866bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, SOL and BTC," stated Lee. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."
"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-September. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI."
Tom Lee will also deliver the keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. at Walkerhill Hotels & Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, one of Asia's leading blockchain and digital asset conferences. Additional information is available on the Korea Blockchain Week website.
"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 27,180 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.
On July 16, 2026, Bitmine released the latest Chairman's Message (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 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 September 7, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.7 billion at $2,513 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 $392 million on an annualized basis (using 2.62% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $334 million. And this 5.1 million ETH is 85% of the 5.96 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.62% (annualized)," continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $924 million (4-day average, as of September 11, 2026), ranking #98 in the US, behind Intuit Inc. (rank #97) and ahead of Verizon Communications (rank #99) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 845,080 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 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
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
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 that the Company is 98% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 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 $392 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield), currently projected annualized staking revenues of approximately $334 million, and the 7-day yield of 2.62% (annualized); (iv) MAVAN's 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 BMNR and institutional investors; (v) expectations regarding future ETH price performance and market movements, including Tom DeMark's expectation that ETH will make a sharp upward move in coming weeks based on technical analysis and the belief that the August sideways movement implies a renewal of the upside move, and that a previous one-day rally was a likely preview of the pending advance; (vi) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,866bp, and that this sets the stage for institutions to add to their crypto holdings; (vii) management's belief that multiple positive catalysts exist heading into the final months of 2026, including the upcoming CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and agentic-AI; (viii) statements and expectations regarding the ETH/BTC ratio, including that the ratio has moved to the highest level since January 30th of this year and established a new uptrend, and that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) statements regarding Ethereum's strengthened position as the settlement rails for Wall Street tokenization and the increased realization that Ethereum may play a critical central role in managing agentic-AI; (x) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (xi) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (xii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.8 billion and ETH holdings representing 4.9% of the total ETH supply.
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, technical analysis indicators, ETH/BTC ratio trends, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) 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 and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, 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 and advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and 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 (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and general economic conditions affecting investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and management's expectations regarding ETH price movements, the ETH/BTC ratio, Ethereum's role in Wall Street tokenization and agentic-AI, 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, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; 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 and on the Company's website at https://Bitminetech.io/investor-relations/. 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.
Shares of BitMine Immersion Technologies Inc. (NYSE:BMNR) are trading higher Friday afternoon as crypto-linked equities rallied on mounting optimism surrounding U.S. digital asset regulatory legislation and sustained strength in underlying token prices.
BitMine Immersion stock is charging ahead with explosive momentum. Why are BMNR shares rallying? Senate Clarity Act Momentum Drives Crypto Sector OptimismThe primary catalyst lifting digital asset equities is heightened investor expectation ahead of an upcoming Senate vote on the landmark Clarity Act. Sentiment gained traction after Senator Cynthia Lummis shared on social media that the bill’s updated text reflects “bipartisan hard work over August,” raising market optimism that the legislation will successfully clear a key procedural vote.
Establishing a comprehensive federal regulatory framework for digital assets is viewed by institutional market participants as a crucial step to remove compliance ambiguity around digital asset staking, validation infrastructure, and corporate treasury operations.
37% Monthly Ethereum Surge Underpins Treasury ValuationAccompanying legislative momentum, BMNR continues to benefit from strong tailwinds in the spot crypto market, led by Ethereum (CRYPTO: ETH). Ether traded at $2,570 Friday afternoon, extending a powerful 37.5% gain over the past month, providing direct balance sheet expansion for BitMine.
As the premier corporate Ethereum treasury holder with approximately 5.93 million ETH and $15.7 billion in total crypto and cash assets, BitMine’s equity continues to trade as a direct public proxy for ETH spot appreciation and institutional staking yields.
BMNR Shares Climb Friday AfternoonBMNR Price Action: BitMine Immersion shares were up 4.46% at $25.28 at the time of publication on Friday, according to Benzinga Pro data.
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Bitmine just loaded up on nearly 30,000 more Ethereum tokens, pushing its treasury toward a staggering size that rivals its entire stock market value. But the real question is whether this buying spree moves the price of ETH or simply…
Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) added 28,086 Ethereum over the past week, lifting its Ethereum (CRYPTO:ETH) treasury to 5.93 million tokens and its total crypto and cash holdings to $15.7 billion as of September 8, 2026. With Ethereum trading around $2,500, the company’s ETH portfolio alone is worth nearly $15 billion, while the larger figure also includes cash and other crypto assets.
BMNR is trading at $24.97, up 35.49% over the past month but still down 40.8% over the past year. At roughly $15.06 billion, its market value is now close to its crypto holdings. If Bitmine keeps buying Ethereum at this pace, does the buying eventually push ETH higher, or does the bigger impact show up in BMNR’s stock instead?
How Bitmine’s Treasury Model Works
A crypto treasury company raises money in the public markets and uses it to buy digital assets for its balance sheet. That makes the stock a leveraged bet on the coin because shareholders are exposed to both the treasury’s value and the underlying asset’s performance. When Ethereum rises, the value of Bitmine’s holdings rises with it, which can push BMNR higher. When ETH falls, the same exposure works in reverse, and the stock can take a bigger hit.
The way Bitmine funds its purchases also affects what existing shareholders own. If the company uses cash already on its balance sheet, shareholders keep the same claim on the treasury. If Bitmine issues new shares to raise money for more ETH, the treasury gets bigger, but so does the number of shares competing for it. The strategy only works for existing shareholders if the additional ETH adds enough value to offset that dilution.
Bitmine’s mining operation is based at its Silverton, Texas facility, where it runs 4,640 machines and generates roughly $1.2 million a quarter. The company has since shifted its focus heavily toward Ethereum, with MAVAN, its Made in America Validator Network, launching on March 25, 2026. The platform allows Bitmine to stake its ETH and earn fees from the treasury, with Tom Lee estimating that fully staking the holdings could generate about $374 million a year.
Bitmine’s Buying Is Not the Same as Ethereum Demand
Bitmine holding 5.93 million ETH removes a meaningful amount of supply from the market, which can support the price at the margin if the company continues accumulating. But one company buying heavily does not prove that demand for Ethereum is spreading across the wider market. ETH still depends on broader capital flows, ETF activity, and overall liquidity, with Bitmine’s purchases representing just one part of that picture.
There is also a limit to what can be inferred from the size of Bitmine’s treasury. The company is accumulating ETH for its own balance sheet and staking strategy, but that does not mean other businesses are preparing to use ETH for payments, settlement, or network fees.
The release does not identify a settlement asset, partner network, or fee-sharing arrangement that would create additional demand for ETH, so Bitmine’s buying should be viewed as one large buyer accumulating the asset, rather than evidence of a broader corporate adoption trend.
Tom Lee’s $6,000 Ether Forecast Comes With a Conflict to Consider
Tom Lee said on August 28, 2026, that Ethereum could reach $6,000 by the end of the year if Bitcoin climbs to $150,000 and the ETH-to-BTC ratio rises from around 0.03 to 0.04. However, Lee’s work at Fundstrat and his role at Bitmine both stand to benefit from a stronger Ethereum price, so his $6,000 target is worth considering alongside the incentives.
Bitmine has been buying heavily into an asset that has suffered a sharp longer-term decline. The company’s Q4 FY25 disclosure showed that ETH had fallen roughly 50% from its ATH of $4,953 reached in August 2025, creating unrealized losses on the treasury. Bitmine still reported $328.16 million in FY2025 net income and fully diluted earnings of $13.39 per share, but the value of its massive ETH position will continue to move with the coin.
If Lee’s forecast is right, those purchases could look very different by year-end. If ETH falls further, the size of the treasury also means the losses could grow quickly.
Does This Move ETH, or Just BMNR? Bitmine is building one of the largest corporate ETH treasuries through a listed company, and BMNR’s market value now sits close to the value of its crypto holdings, giving shareholders high-beta exposure to Ethereum while adding potential staking income through MAVAN.
For ETH holders, the case is less convincing because Bitmine’s purchases remove some coins from the market but do not create the kind of broad demand that can sustain a global asset on its own. The bigger question is whether other buyers follow, particularly through ETFs and institutional channels, while Ethereum continues to attract demand from staking and network activity.
The key questions are whether Bitmine keeps buying ETH at this pace, how much of the buying comes from new shares, and whether the ETH-to-Bitcoin ratio moves from 0.03 toward Lee’s 0.04 target. If those three factors move in Bitmine’s favor, BMNR could benefit significantly from an Ethereum recovery.
For now, the stronger case is that Bitmine’s strategy could move BMNR more than it moves ETH.
Contact [email protected] for any questions or corrections.
Bitmine owns 4.9% of the total ETH coin supply of 122.0 million
Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months
Crypto equities are largest contributor to Russell 1000 quarter to date, representing 4 of the top 21 stocks
Bitmine common stock gain of 99% quarter to date is 4th best of the Russell 1000
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 5,430bp
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 $12.6 billion at $2,495 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $91 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 $15.7 billion, including 5.93 million ETH tokens, total cash & marketable securities of $593 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
, /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 $15.7 billion.
Bitmine Weekly Update
CRYPTO: Biggest contributor to Russell 1000 in 3Q are crypto
Asset Performance relative to S&P 500 since June 30, 2026
ETH/BTC ratio: Future tailwinds of Tokenization and AI
STAKING: BMNR now staking over 5 million ETH as of
ALCHEMY of 5%: BMNR ranked #81 by 5D avg daily
As of September 7, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH (per CoinbaseNASDAQ: COIN), 211 Bitcoin (BTC), $180 million stake in Beast Industries, $91 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $593 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.0 million ETH).
"Since June 30th, 4 of the top 21 best performing stocks in the Russell 1000 are crypto-related equities. The outperformance is reflective of the fact that Ethereum is the best performing macro asset in Q3 so far. In our view, fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto given this group's outsized contribution to Russell 1000 gains this quarter. Notably, Bitmine's common stock is the 4th best performing with a gain of 99% compared to 3% for the Russell 1000 benchmark," stated Thomas "Tom" Lee, Chairman of Bitmine.
Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine is expecting ETH to make a sharp upward move in coming weeks. According to Tom DeMark, "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect, last week's sharp one-day rally was a likely preview of the pending advance."
"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," stated Lee. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."
"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-September. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI."
"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 28,086 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.
On July 16, 2026, Bitmine released the latest Chairman's Message (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 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 September 7, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.6 billion at $2,495 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 $386 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 85% of the 5.93 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (annualized)," continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.10 billion (5-day average, as of September 4, 2026), ranking #81 in the US, behind Intuit Inc. (rank #80) and ahead of TJX Companies, Inc. (rank #82) among 5,704 US-listed stocks (statista.com and Fundstrat research).
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 $66 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
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
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 that the Company is 97% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 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 $386 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.61% 7-day BMNR yield), currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's 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 BMNR and institutional investors; (v) expectations regarding future ETH price performance and market movements, including Tom DeMark's expectation that ETH will make a sharp upward move in coming weeks based on technical analysis and the belief that the August sideways movement implies a renewal of the upside move; (vi) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,430bp, and that this sets the stage for institutions to add to their crypto holdings; (vii) management's belief that multiple positive catalysts exist heading into the final months of 2026, including the upcoming CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and agentic-AI; (viii) 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, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (x) statements that crypto equities are the largest contributor to Russell 1000 quarter to date and that fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto; (xi) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (xii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.7 billion and ETH holdings representing 4.9% of the total ETH supply.
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, technical analysis indicators, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) 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 and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits or that crypto equities' contribution to index performance does not continue; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, 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 and advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and 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 (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and management's expectations regarding ETH price movements, 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, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; 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 and on the Company's website at https://Bitminetech.io/investor-relations/. 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.
Bitmine just surrendered a big slice of its 37% monthly run while Strategy barely flinched, even though both coins fell together. What separates the two crypto treasury stocks matters more today than the coins themselves.
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The crypto treasury trade is showing cracks today, and the split between the two flagship equities is wider than the moves in the coins they hold. The Invesco QQQ Trust (NASDAQ:QQQ) is unchanged at $717.67, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.46% to $769.62.
The wider tape is essentially flat to moderately down, and this doesn’t explain the price moves of certain cryptocurrency-linked stocks. It’s worth noting, though, that the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is down 2% to $25.41.
Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) stock is down 6% to $24.82, handing back a chunk of a very strong recent run. Meanwhile, Strategy (NASDAQ:MSTR) stock is down 1% to $142.79, a milder slip that sits closer to the broader tape than to its peer. Both coins on those balance sheets are lower today, which makes the gap between the two equities the interesting part of the story.
Coin Weakness Meets Crowded Positioning Ethereum (CRYPTO:ETH) is down 2.5% over the past 24 hours to $2,450.54. Moreover, Bitcoin (CRYPTO:BTC) is down 2% over the past 24 hours to $79,628.44. A purely mechanical read, in which each equity simply tracks the coin on its balance sheet, would have produced two similar declines rather than one steep drop and one mild one.
The difference sits in what each stock had already done. Bitmine stock was up 37% over the past month, and a position that has run that far accumulates holders with no cost basis to defend. Those holders tend to sell into the first genuine turn in the underlying asset, which is how a modest move in a coin becomes a much larger move in the equity that holds it.
What Sets the Two Treasury Vehicles Apart Bitmine’s treasury is pure momentum stacked on Ethereum. The company disclosed 5.9 million tokens of ETH on August 31 alongside total crypto and cash holdings of $15.6 billion, and chairman Thomas Lee has publicly targeted 5% of all ETH. That accumulation pace, paired with Ethereum’s slide from its August peak, leaves the equity carrying most of the sensitivity when the coin turns.
Strategy runs a more layered capital stack around Bitcoin. Its balance sheet holds 846,000 Bitcoin at a carrying value of $49.7 billion against a $63.9 billion cost basis, and management raised the STRC preferred dividend rate to 12% annualized to defend $100 par. Strategy also has $975 million left on the STRC repurchase authorization and a separate MSTR buyback in place, machinery Bitmine doesn’t have yet.
What to Watch Next The question of whether the crypto treasury trade is unwinding gets a partial answer today. One name is handing back a recent run while the other is barely moving, and a single session in which both coins fell together settles very little on its own. Each vehicle amplifies its own asset and its own crowding, and today the crowding is doing more work than the asset (we wrote a free handbook on riding a mania and knowing when to step off, which is the exact question a day like this raises).
Investors can watch for whether Bitmine stock defends $24 and whether the STRC stabilization program keeps Strategy stock insulated from further downside. Anyone sizing either name should treat the prior run as part of their risk rather than as validation of their thesis, and keep their exposure scaled to what they can absorb if the coins keep drifting lower.
Contact [email protected] for any questions or corrections.
Shares of Bitmine Immersion Technologies (BMNR +14.70%) shot up 46.5% last month, according to data from S&P Global Market Intelligence, making it one of the best-performing stocks in August. It is a holding company for the Ethereum cryptocurrency, which made a nice rebound in August around political sentiment.
Here's why Bitmine Immersion stock was rising, and what investors should do about it today.
Today's Change
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26.45
Rising price of Ethereum Bitmine Immersion Technologies is a holding company taken over by investor and market commentator Tom Lee last year, along with other investors, with the stated goal of buying up 5% of the outstanding supply of the Ethereum cryptocurrency. It has done so by selling new shares of common stock, with shares outstanding up 42% in the last twelve months.
There is no debt on the balance sheet, unlike its Bitcoin treasury peer, Strategy, but it recently issued preferred stock that pays a 9.5% annual dividend, similar to debt, since preferred stock has seniority over equity in a liquidation. It is using proceeds from the preferred stock sale to buy more Ethereum and begin repurchasing its common stock, which it hopes will offset some of the prior share dilution.
Overall, in August, Bitmine Immersion soared as Ethereum's price rose. Ethereum is up 33% in the last month, raising Bitmine Immersion's overall net asset value. The share price generally trades in line with this net asset value, with the current stock price of $26 at a slight premium to the $25 net asset value.
Image source: Getty Images.
Time to buy Bitmine Immersion stock? Buying Bitmine Immersion stock is a bet that Ethereum's price will rise, alongside other smaller cryptocurrency bets and other investments. Right now, cryptocurrency prices are making a bit of a comeback, with gains driven by political tailwinds, inflation worries, and short squeezes on assets like Ethereum and Bitcoin.
The problem is that it is difficult to formulate a long-term thesis about whether a prominent politician mentions cryptocurrencies or whether a short squeeze will occur. Bitmine is a peculiar business in which, instead of actually buying the cryptocurrency itself, an investor bets that management will be able to trade around it to generate more alpha.
Cryptocurrencies have also failed to gain widespread adoption in the economy despite over a decade of promotion by early adopters. Ethereum, as of this moment, is not much more than a trading asset moving on the whims of what investors think. Again, this makes it difficult to formulate a thesis for why someone should own Bitmine Immersion stock.
Eightco treasury composition as of September 2, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $122M cash and equivalents, totaling approximately $380 million
Eightco recently repurchased over 25 million shares of common stock in the last month under its previously announced $125 million share repurchase program
Eightco previously participated in World Foundation's $52.5M funding round, led by Pantera with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, and additional investors
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies. Over the past month, Eightco has repurchased over 25 million shares of its common stock under its previously announced $125 million share repurchase program.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
As of September 2, 2026, at 8:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 301,971,219 Worldcoin (WLD) at $0.37 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $122 million in total cash and stablecoins, for total holdings of approximately $380 million.
Top Headlines Driving the News:
Eightco's management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week's top headlines include:
On September 2, World announced it has open-sourced ProveKit, a zero-knowledge identity proving toolkit. The launch makes ProveKit available to developers outside World. ProveKit is built into World ID and powers the privacy-preserving features that make proof of human useful for enterprises, consumer platforms, and developers (World). On September 1, SB Energy, an AI power infrastructure company backed by Softbank, OpenAI and Nvidia, filed for a potential IPO. In its initial filing, the company said it is "substantially dependent" on the performance of OpenAI as both a tenant and equity investor in SB Energy (CNBC). On September 1, MrBeast released a book with one of the world's bestselling authors James Patterson, called The Most Dangerous Games (HarperCollins). On August 31, OpenAI announced that its advertising business, ChatGPT Ads, reached $1 billion in annualized revenue run rate less than 200 days after launch. The platform is now used by tens of thousands of advertisers and continues to expand globally (Axios). On August 31, OpenAI announced its support for the California Senate Bill 1119 to advance youth AI safety. This legislation is intended to establish meaningful safeguards for how young people use AI while preserving their access to tools that can help them learn, create, and prepare for the future (OpenAI). On August 21, it was announced that peaqOS and World ID partnered to enable Proof of Human for robots and machines. A machine can check that the person in front of it is a real human, and the same one who placed the order. It never learns a name, a face, or a number (peaq). "AI stocks have been under pressure recently, partly a result of backlash against data centers. This seems to be an issue resonating with voters," said Tom Lee, Board Member of ORBS. "But despite this setback, AI progress continues at a rapid pace as evidenced by the multiple meaningful announcements in the past week."
"Eightco executed additional share buybacks as the Company has judged that accretively acquiring shares is a high return use of capital," stated Lee.
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (24% of ORBS' treasury holdings), Worldcoin (29%), and Beast Industries (5%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 24% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower). On July 31, 2026, OpenAI announced that its models now reach more than one billion active users and more than two million businesses. Six months after signing up, people send roughly 50 percent more messages each day and use ChatGPT for about twice as many kinds of work.
Digital Identity — WLD Token
Eightco holds nearly 302 million WLD, approximately 8.3% of circulating supply, the largest publicly disclosed institutional position globally and approximately 29% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 5% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to OpenAI and Beast Industries, and holds one of the largest publicly disclosed positions in Worldcoin (WLD).
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds nearly 302 million WLD, approximately 8.3% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; management's belief that the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system; management's belief that accretively acquiring shares is a high return use of capital; statements that AI progress continues at a rapid pace; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements that distribution and audience trust become increasingly scarce assets as AI commoditizes content production; statements that the Company is building the infrastructure layer for human verification in the agentic AI era; statements that Proof of Human is foundational infrastructure for social networks, banking, agentic commerce, and systems requiring verified human identity; statements regarding the Company providing indirect exposure to defining trends through its investments in OpenAI, WLD, and Beast Industries; and statements regarding continued share repurchases under the Company's $125 million share repurchase program. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," "positioned," "view," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where it is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges, or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation, and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof of Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap, business model developments, and any future liquidity events; risks related to Beast Industries' ability to achieve its growth projections; competition in the digital identity and AI infrastructure markets; reliance on third-party sources for the valuation of certain investments; uncertainty regarding MrBeast's continued success and the performance of Beast Industries' creator-driven business model; risks related to the Company's concentrated positions in certain digital assets and private company investments; risks related to the Company's share repurchase program, including the timing, pricing, and amount of any repurchases; shifting public and governmental positions on digital assets or artificial intelligence-related industries, including potential backlash against data centers; risks related to the timing, features, and commercial reception of OpenAI's model releases; risks related to OpenAI's advertising business and its ability to sustain revenue growth; and risks that WLD supply dynamics may not result in anticipated market effects. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect actual results or any change in its expectations.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Bitmine Immersion (NASDAQ:IMMR) Technologies (NYSE:BMNR) shares rose more than 7% on Monday after the company disclosed a holdings update showing total crypto and "moonshot" investments valued at $14.9 billion as of August 24, 2026.
The company said it has staked more than 5 million ETH, with holdings of 5,847,611 ETH valued at $2,440 per token, according to Coinbase pricing cited by the company. Bitmine also holds 210 Bitcoin.
Beyond its core crypto holdings, the company reported a $180 million stake in Beast Industries, the company founded by YouTube creator MrBeast, and an $89 million stake in Eightco Holdings, which trades on Nasdaq under the ticker ORBS. The company described these two positions as "moonshots."
Bitmine also reported total cash and marketable securities of $308 million.
The update underscores Bitmine's position as one of the largest corporate holders of Ethereum, with its stake surpassing the 5 million ETH threshold for the first time. The scale of the holding ties the company's balance sheet closely to the price of ETH, making its market value sensitive to swings in the cryptocurrency's price.
The disclosure of stakes in Beast Industries and Eightco Holdings also signals the company's expansion beyond core crypto assets into other high-growth, high-risk investments.
Bitcoin is barely budging, yet certain mining and treasury stocks are surging several times faster than the coin itself. The reason comes down to a leverage mechanic baked into how these companies make money.
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Crypto-linked equities are outrunning the coins in Tuesday morning trade. The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 4% to $46.55, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 0.6% to $44.92. Miners and treasury names are repricing to a firmer tape while the coins barely move.
CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) stock is up 7% to $12.72, and BitMine Immersion Technologies (NYSE:BMNR) stock is up 4% to $25.21, both extending a bounce in crypto-adjacent equities. Bitcoin (CRYPTO:BTC) trades at $79,377.30, up 0.4% over the past 24 hours; Ethereum (CRYPTO:ETH) sits at $2,475.16, down 0.5% over the same window.
Crypto equities carry embedded leverage to the underlying tape. When Bitcoin steadies after a sharp run higher, mining and treasury names reprice faster than the coins because their revenue lines, hashrate economics, and net-asset values scale on top of price. That mechanism is driving CleanSpark and BitMine Immersion Technologies shares today.
Miner Rebound After a Rough Month for CleanSpark CleanSpark stock is snapping back after a bruising stretch. Shares were up 18% year to date through Monday’s close, but the past month shows a rougher story, with the stock lower on softer crypto prices and miner margin pressure. The move reads as a bounce in a name that had been sold hard.
CleanSpark’s most recent earnings report, filed August 6, showed revenue of $138.01 million, missing the $141.81 million consensus, with a GAAP loss of $0.89 per share driven by a $116.25 million loss on the fair value of Bitcoin. CEO Matt Schultz framed the quarter around CleanSpark’s pivot toward diversified digital infrastructure, anchored by a 20-year, $6.6 billion triple-net lease at the company’s Sandersville site with a high investment-grade tenant.
That lease reframes CleanSpark stock as a hybrid miner and data-center play with exposure to high-performance computing and AI workloads. CleanSpark controls more than 1.8 GW of power, land, and data centers across the U.S., and management has stated the equity portion of Sandersville is fully funded with long-lead items ordered. This gives the company a second earnings stream when mining economics compress.
BitMine Closes on Its 5% Ether Target BitMine stock is climbing despite Ethereum trading lower on the day. Shares were down 11% year to date through Monday’s close, but a recent treasury update is putting a firm bid under the name. On August 24, BitMine announced its ether holdings had reached 5.85 million tokens, with total crypto and cash holdings of $14.9 billion.
Chairman Tom Lee told the Bankless podcast that the company could hit its 5% of all ether target before year end. “It’s about $350 million worth of ETH that we need to acquire to reach 5%… we could reach it by the end of the year,” Lee stated. BitMine has purchased ether every week since its first buy on June 30, 2025, funded the position with common stock rather than loans, and staked most of the balance, generating roughly $330 million a year in yield.
BitMine plans to launch its Made-in-America Validator Network, or MAVAN, staking infrastructure in Q1 2026, with three institutional staking providers running a live pilot. That staking cash flow, combined with an equity-funded treasury build, gives the company a different risk profile than levered peers when crypto prices swing.
Treasury and Exchange Peers Get the Read-Across Strategy (NASDAQ:MSTR) offers the Bitcoin-side comparable as the largest corporate Bitcoin holder, with 846,000 Bitcoin on its balance sheet as of the Q2 2026 report and an $8.32 billion unrealized digital-asset loss in the quarter. SharpLink (NASDAQ:SBET) holds the next-largest listed ether treasury at 888,938 tokens.
Coinbase (NASDAQ:COIN) provides the exchange read-across when crypto equities move as a group. The exchange reached an all-time-high 10.3% crypto trading volume market share in Q2 2026, an operating milestone that matters when the coin tape firms and derivatives and prediction-market flows return. The whole complex tends to move together on session-level rotations.
The near-term test is whether crypto equities can hold their premium over the coins if Bitcoin drifts. Miner earnings remain sensitive to Bitcoin price marks on treasury holdings, and ether treasury names carry the same math on ETH. A firmer coin tape would validate today’s move, while a softer one would test how much of the rally is durable.
Traders can watch for BitMine’s next weekly ether treasury update, along with any follow-through in the miner basket into the afternoon. Investors should keep their position sizes modest given how quickly these names swing on the underlying coins (we wrote a free playbook on speculating with just 5% of a portfolio, here). Bear in mind, volatility cuts both ways when the equities reprice faster than what they own.
Contact [email protected] for any questions or corrections.
Bitmine bezit 4,8% van het totale ETH-aanbod van 120,7 miljoen
Bitmine heeft in slechts 14 maanden 97% van het doel van de 'Alchemy of 5%' bereikt
ETH steeg de afgelopen week met 30%, de grootste wekelijkse stijging sinds mei 2025 en juli 2021. Na beide eerdere gevallen volgden verdere stijgingen van respectievelijk 170% en 167%.
Bitmine werd op 26 juni 2026 opgenomen in de Russell 1000 Large-cap Index
De preferente aandelen van serie A van Bitmine worden op de NYSE verhandeld onder het symbool BMNP
Bitmine heeft 5.067.309 gestakete ETH, wat een waarde vertegenwoordigt van 12,4 miljard dollar bij een koers van 2.440 dollar per ETH. MAVAN (Made in America VAlidator Network) is een toonaangevend Ethereum-stakingplatform voor BMNR en institutionele beleggers
Bitmine bezit voor 89 miljoen dollar aan Eightco-aandelen (NASDAQ: ORBS), nu een van de weinige beursgenoteerde ondernemingen wereldwijd die beleggers indirecte blootstelling aan OpenAI bieden
De totale waarde van de cryptobezittingen, liquide middelen, verhandelbare effecten en 'moonshot'-investeringen van Bitmine bedraagt 14,9 miljard dollar, waaronder 5,85 miljoen ETH-tokens, in totaal 308 miljoen dollar aan liquide middelen en verhandelbare effecten en andere cryptobezittingen
Bitmine wordt ondersteund door een vooraanstaande groep institutionele beleggers, waaronder Cathie Wood van ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital en privébelegger Thomas 'Tom' Lee, bij zijn doel om 5% van alle ETH te verwerven
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ('Bitmine' of de 'onderneming'), een Bitcoin- en Ethereum-netwerkonderneming met een focus op het opbouwen van cryptobezittingen voor langetermijninvesteringen, maakte vandaag bekend dat de totale waarde van zijn cryptobezittingen, liquide middelen en verhandelbare effecten en 'moonshot'-investeringen 14,9 miljard dollar bedraagt.
Bitmine Weekly Update
ETH: 30% weekly gain, the highest since May 2025
ETH/BTC ratio: Future tailwinds of Tokenization and Al
STAKING: BMNR now staking over 5 million ETH as of Aug 23, 2026 Op 23 augustus 2026 om 14.00 uur (ET) bestaan de cryptobezittingen van de onderneming uit 5.847.611 ETH tegen een koers van 2.440 dollar per ETH (volgens CoinbaseNASDAQ: COIN), 210 Bitcoin (BTC), een belang van 180 miljoen dollar in Beast Industries, een belang van 89 miljoen dollar in Eightco Holdings (NASDAQ: ORBS) ('moonshots') en een totaal aan liquide middelen en verhandelbare effecten van 308 miljoen dollar. De ETH-bezittingen van Bitmine vertegenwoordigen 4,8% van het totale ETH-aanbod van 120,7 miljoen ETH.
"ETH steeg de afgelopen week met 30%. Dit is de grootste wekelijkse stijging sinds mei 2025. Daarvoor dateerde de laatste dergelijke stijging van juli 2021. In die twee eerdere gevallen vormde deze wekelijkse stijging van meer dan 30% het startpunt voor een grotere koersbeweging van ETH. Na juli 2021 steeg ETH vervolgens met 167% en na mei 2025 met 170%," aldus Thomas 'Tom' Lee, voorzitter van Bitmine. "We verwachten dat versoepelende financiële omstandigheden een rugwind zullen zijn voor crypto."
"Wij zijn van mening dat deze opwaartse beweging van ETH al enige tijd in de lucht hing, gezien de sterker wordende fundamentele factoren binnen de cryptomarkt, de verschillende gunstige ontwikkelingen rond tokenisatie op Wall Street en agentische AI. Bovendien droegen de steun voor crypto vanuit het Witte Huis en de aankoop van langlopende obligaties door het Amerikaanse ministerie van Financiën bij aan een grotere risicobereidheid", aldus Lee.
"Deze ETH/BTC-ratio is tijdens bullcycli op de cryptomarkt gestegen, aangedreven door het toenemende gebruik van Ethereum ten opzichte van Bitcoin. Deze vorige cycli werden aangespoord door ICO's (2017-2018), NFT's (2020-2021) en stablecoins (2025). "In de komende cryptocyclus zien we de ETH/BTC-ratio stijgen, aangedreven doordat Wall Street activa op de blockchain tokeniseert en agentische AI gebruikmaakt van blockchains", vervolgde Lee.
"In de afgelopen week hebben we 32.447 ETH aangekocht. Bitmine heeft sinds de start van de ETH-treasurystrategie op 30 juni 2025, ongeveer 14 maanden geleden, elke week ETH gekocht", aldus Lee.
Op 16 juli 2026 heeft Bitmine de meest recente boodschap van de bestuursvoorzitter voor juli 2026 gepubliceerd (link hier). De titel van de boodschap luidt: "ETH is de remedie voor de Uncanny Valley of Wealth".
Eerder in 2026 lanceerde Bitmine MAVAN (het Made in America VAlidator Network), een stakingplatform van institutioneel niveau. Hoewel MAVAN oorspronkelijk werd ontwikkeld ter ondersteuning van Bitmine's eigen Ethereum-treasury, is MAVAN van plan het platform uit te breiden om ook institutionele beleggers, custodians en ecosysteempartners die op zoek zijn naar stakinginfrastructuur van topklasse van dienst te zijn. Een deel van Bitmine's ETH is al gestaket op het MAVAN-platform.
Op 23 augustus 2026 bedroeg het totale aantal door Bitmine gestakete ETH 5.067.309 (12,4 miljard dollar bij een koers van 2.440 dollar per ETH). "Bitmine heeft meer ETH gestaket dan enige andere partij ter wereld. Bij volledige opschaling, wanneer alle ETH van Bitmine via MAVAN en zijn stakingpartners is gestaket, zullen de ETH-stakingbeloningen naar verwachting 381 miljoen dollar op jaarbasis bedragen, uitgaande van een zevendaags BMNR-rendement van 2,67%", aldus Lee.
"De stakinginkomsten op jaarbasis worden nu geraamd op 330 miljoen dollar. Deze 5,1 miljoen ETH vertegenwoordigen 87% van de 5,85 miljoen ETH die Bitmine aanhoudt. De eigen stakingactiviteiten van Bitmine realiseerden een rendement over 7 dagen van 2,67% (op jaarbasis)", vervolgde Lee.
De cryptobezittingen van Bitmine maken de onderneming tot de grootste Ethereum-treasury en de op één na grootste treasury ter wereld, na Strategy Inc., dat naar verluidt 840.447 BTC bezit met een waarde van ongeveer 70 miljard dollar. Bitmine blijft de grootste ETH-treasury ter wereld.
Het management van Bitmine is van mening dat de GENIUS Act en Project Crypto van de Amerikaanse Securities and Exchange Commission (SEC) in 2026 net zo ingrijpend zijn voor de financiële dienstverlening als het besluit van de Verenigde Staten van 15 augustus 1971, waarmee 55 jaar geleden een einde werd gemaakt aan het Bretton Woods-systeem en de koppeling van de Amerikaanse dollar aan goud werd losgelaten. Deze gebeurtenis in 1971 vormde de katalysator voor de modernisering van Wall Street en leidde tot het ontstaan van de huidige toonaangevende spelers op Wall Street en de huidige financiële en betalingsinfrastructuur. Deze bleken uiteindelijk betere investeringen dan goud.
De boodschap van de voorzitter vindt u hier:
https://www.Bitminetech.io/chairmans-message
De resultatenpresentatie voor het volledige boekjaar 2025 en de ondernemingspresentatie vindt u hier: https://Bitminetech.io/investor-relations/
Om op de hoogte te blijven, kunt u zich aanmelden via: https://Bitminetech.io/contact-us/
Over Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) vormt samen met zijn dochterondernemingen ('Bitmine' of de 'onderneming') een onderneming voor blockchaintechnologie-infrastructuur die actief is op het gebied van institutionele staking- en validatiediensten voor digitale activa, bitcoinmining en strategisch beheer van digitale activa. Als 's werelds toonaangevende onderneming op het gebied van Ethereum-treasury's hanteert Bitmine een innovatieve strategie voor digitale activa, gericht op institutionele beleggers en deelnemers aan de openbare kapitaalmarkten. De onderneming biedt staking- en validatie-infrastructuur van institutionele kwaliteit, waarmee ze stakingbeloningen en inkomsten uit validatie genereert en houdt zich daarnaast bezig met bitcoinmining. Bitmine houdt digitale activa strategisch aan en genereert rendement op die activa ter ondersteuning van de liquiditeit en kapitaalvorming. Sinds 2025 heeft de onderneming haar capaciteiten op het gebied van blockchaininfrastructuur uitgebreid, waaronder de ontwikkeling en implementatie van MAVAN, haar institutionele platform voor staking en validatie. De activiteiten van de onderneming omvatten verder investeringen in veelbelovende blockchainprojecten in een vroege fase ('moonshot'-investeringen), evenals aanvullende diensten op het gebied van mining, hosting en consultancy.
Voor meer informatie kunt u ons volgen op X:
https://x.com/bitmnr
https://x.com/fundstrat
Toekomstgerichte verklaringen
Dit persbericht bevat verklaringen die worden aangemerkt als 'toekomstgerichte verklaringen' in de zin van de Private Securities Litigation Reform Act van 1995, zoals gewijzigd. Toekomstgerichte verklaringen omvatten alle verklaringen die niet uitsluitend historisch van aard zijn en die over het algemeen kunnen worden herkend aan termen zoals 'verwacht', 'raamt', 'is van plan', 'plant', 'gelooft', 'anticipeert', 'schat', 'voorspelt', 'streeft naar', 'doelstellingen', 'kan', 'zal', 'zou', 'zou kunnen', 'zou moeten', 'beschouwen', 'zien', of soortgelijke uitdrukkingen, of de ontkenning van dergelijke termen, of andere vergelijkbare terminologie. Dit persbericht bevat specifiek toekomstgerichte verklaringen met betrekking tot onder meer: (i) de doelstelling van de onderneming om 5% van het totale ETH-aanbod te verwerven (het initiatief 'Alchemy of 5%') en verklaringen over de voortgang bij het realiseren van deze doelstelling; (ii) de strategie van de onderneming voor de accumulatie van digitale activa en het beheer van haar reserves, waaronder verklaringen over de voortzetting van de wekelijkse ETH-aankopen en de status van de onderneming als de grootste ETH-reservehouder ter wereld; (iii) de stakingactiviteiten van de onderneming, waaronder de verwachte geannualiseerde ETH-stakingopbrengsten van ongeveer 381 miljoen dollar bij volledige opschaling (ervan uitgaande dat alle ETH van Bitmine via MAVAN en zijn stakingpartners wordt gestaket), de momenteel verwachte geannualiseerde stakinginkomsten van ongeveer 330 miljoen dollar en het 7-daagse rendement van 2,67% (op jaarbasis); (iv) de voorgenomen uitbreiding van MAVAN om institutionele beleggers, custodians en ecosysteempartners die op zoek zijn naar hoogwaardige stakinginfrastructuur van dienst te zijn en de beoogde positie van MAVAN als vooraanstaande bestemming voor Ethereum-staking voor institutionele beleggers; (v) verwachtingen ten aanzien van de toekomstige koersontwikkeling van ETH, waaronder verklaringen dat de recente wekelijkse stijging van ETH met meer dan 30% 'het startpunt vormt voor een grotere koersbeweging van ETH' en verwijzingen naar daaropvolgende stijgingen van 167% en 170% na eerdere vergelijkbare wekelijkse stijgingen; (vi) de verwachting van het management dat soepelere financiële omstandigheden 'gunstig zullen zijn voor crypto' en dat de recente opwaartse beweging van ETH 'al enige tijd in de lucht hing gezien de sterker wordende fundamentele factoren binnen de cryptomarkt', waaronder de verwachte effecten van tokenisatie op Wall Street, agentische AI, signalen van steun voor crypto vanuit het Witte Huis en de aankoop van langlopende obligaties door het Amerikaanse ministerie van Financiën; (vii) verklaringen en verwachtingen met betrekking tot de ETH/BTC-ratio, waaronder dat deze ratio tijdens de komende cryptocyclus zal stijgen, gedreven door de tokenisatie op de blockchain door Wall Street en het gebruik van blockchains door agentische AI; (viii) de overtuiging van het management dat de GENIUS Act en SEC Project Crypto 'net zo transformerend zijn voor de financiële dienstverlening' als het einde van het Bretton Woods-stelsel in 1971 en dat de daaruit voortvloeiende beleggingen betere resultaten zullen opleveren dan goud; (x) verklaringen over de investering van de onderneming in Eightco Holdings (NASDAQ: ORBS), die indirecte blootstelling aan OpenAI biedt en haar investering in Beast Industries; en (xi) de toekomstige groei, verdere ontwikkeling en strategische koers van de Ethereum-reservestrategie, de blockchaininfrastructuurcapaciteiten en het MAVAN-stakingplatform van de onderneming.
Deze toekomstgerichte verklaringen brengen aanzienlijke risico's en onzekerheden met zich mee die ertoe kunnen leiden dat de werkelijke resultaten wezenlijk afwijken van de resultaten die hierin worden uitgedrukt of geïmpliceerd. Factoren die dergelijke verschillen kunnen veroorzaken of daaraan kunnen bijdragen, omvatten onder meer: de extreme volatiliteit en onvoorspelbaarheid van de prijzen van digitale activa, waaronder ETH en Bitcoin en het speculatieve karakter van beleggingen in digitale activa; het risico dat historische koersbewegingen van ETH, waaronder eerdere wekelijkse stijgingen en de daaropvolgende koersstijgingen, zich niet zullen herhalen of geen indicatie vormen voor toekomstige prestaties; de afhankelijkheid van de onderneming van externe prijsbronnen en gerapporteerde marktwaarden bij het berekenen van de waarde van haar cryptoactiva, liquide middelen, verhandelbare effecten en 'moonshot'-beleggingen en het risico dat dergelijke waarden aanzienlijk fluctueren na de in dit persbericht vermelde datum en het vermelde tijdstip; veranderingen in de marktomstandigheden die van invloed zijn op de handelskoers van de gewone aandelen en preferente aandelen van serie A van de onderneming; het vermogen van de onderneming om haar strategie voor de verwerving van digitale activa met succes uit te voeren en haar doelstellingen voor de accumulatie van ETH te behalen, waaronder de doelstelling 'Alchemy of 5%'; het vermogen van de onderneming om haar bedrijfsactiviteiten, Ethereum-reserveactiviteiten en de uitbreiding van MAVAN te financieren; operationele, beveiligings- en technologische risico's die verband houden met de staking- en validatieactiviteiten van de onderneming, waaronder netwerkstoringen, slashing-events, cyberbeveiligingsinbreuken en protocolwijzigingen; het risico dat de werkelijke deelname aan staking, rendementen, beloningen en inkomsten aanzienlijk afwijken van de in dit persbericht beschreven prognoses, die zijn gebaseerd op een 7-daags rendement en ervan uitgaan dat ETH bij volledige opschaling volledig wordt gestaket; concurrentie binnen de sectoren voor reserves van digitale activa, staking en mining; de afhankelijkheid van de onderneming van sleutelfiguren, waaronder de directie; ontwikkelingen op het gebied van regelgeving die van invloed zijn op digitale activa, blockchaintechnologie en stakingactiviteiten in de Verenigde Staten en wereldwijd, waaronder de uiteindelijke goedkeuring, tenuitvoerlegging en interpretatie van de GENIUS Act en andere aanhangige wetgeving en regelgevingsinitiatieven; maatregelen van de SEC, CFTC en andere regelgevende instanties die van invloed zijn op digitale activa en aanverwante activiteiten; risico's in verband met de beleggingen van de onderneming in blockchainmogelijkheden in een vroeg stadium ('moonshot'-beleggingen), waaronder de beleggingen in Eightco Holdings en Beast Industries en eventuele indirecte blootstelling aan OpenAI; macro-economische factoren, waaronder inflatie, rentetarieven, het monetaire beleid van de Federal Reserve, omstandigheden op de arbeidsmarkt en algemene economische omstandigheden die van invloed zijn op het beleggerssentiment ten aanzien van digitale activa; de juistheid van de verwachtingen van het management met betrekking tot de ETH/BTC-ratio en de invloed van tokenisatie en toepassingen van agentische AI op Ethereum; de onvoorspelbaarheid van cycli op de cryptomarkt en de juistheid van verwachtingen met betrekking tot toekomstige cryptocycli; wijzigingen in het Ethereum-protocol, waaronder stakingmechanismen, vereisten voor validators en beloningsstructuren; risico's in verband met AI-systemen en hun mogelijke invloed op cryptomarkten en blockchaintechnologie; de prestaties van externe dienstverleners, cryptobeurzen, custodians en stakingpartners; risico's in verband met de concentratie van de activa van de onderneming in digitale valuta, met name Ethereum; en de overige risicofactoren die worden beschreven in de documenten die de onderneming bij de SEC heeft ingediend.
De toekomstgerichte verklaringen in dit persbericht zijn gebaseerd op informatie waarover het management beschikte op de datum van dit persbericht en weerspiegelen de huidige verwachtingen, ramingen, prognoses, meningen en overtuigingen van het management met betrekking tot toekomstige gebeurtenissen en omstandigheden. De werkelijke resultaten kunnen wezenlijk afwijken van de resultaten die in toekomstgerichte verklaringen worden uitgedrukt of geïmpliceerd op basis van een aantal factoren, waaronder de hierboven beschreven factoren en de factoren die zijn beschreven in het gedeelte Risicofactoren van het jaarverslag van de onderneming op formulier 10-K voor het boekjaar dat eindigde op 30 september 2025, ingediend bij de SEC op 21 november 2025, de kwartaalverslagen van de onderneming op formulier 10-Q en de overige documenten die de onderneming bij de SEC heeft ingediend, zoals deze van tijd tot tijd worden gewijzigd of bijgewerkt. Kopieën van deze documenten zijn beschikbaar op de website van de SEC via www.sec.gov en op de website van de onderneming via https://Bitminetech.io/investor-relations/. De onderneming waarschuwt lezers om niet overmatig te vertrouwen op dergelijke toekomstgerichte verklaringen, die alleen gelden op de datum waarop ze worden gedaan. Bitmine wijst uitdrukkelijk elke verplichting of toezegging af om toekomstgerichte verklaringen bij te werken, te herzien of aan te vullen om rekening te houden met wijzigingen in zijn verwachtingen of wijzigingen in gebeurtenissen, omstandigheden of situaties waarop dergelijke verklaringen zijn gebaseerd, behalve indien dit wordt vereist door toepasselijke wet- of regelgeving.
Bitmine Immersion Technologies Inc (NYSE:BMNR) stock is surging on Thursday following updates regarding its Ethereum (CRYPTO: ETH) treasury strategy. The move comes after it disclosed its portfolio and nears its goal of acquiring 5% of the global circulating Ethereum supply.
The Nasdaq is up 0.84% while the S&P 500 has gained 0.44% and Technology is leading with a 2.28% gain.
Treasury ProgressAccording to Tom Lee on the Bankless podcast on Monday, Bitmine Immersion holds about 5.82 million Ethereum. The holding puts the company roughly 97% of the way toward its 5% global supply target. The firm needs to acquire approximately $350 million in Ethereum to reach the goal, which Lee predicts will happen by the end of the year or sooner.
Long-Term OutlookBitmine could reconsider owning a larger share of Ethereum’s supply in 2027, particularly if enterprises increasingly hold Ethereum as an asset alongside using the network, Lee pointed out. For now, the company remains focused on its original target without destabilizing the ecosystem.
Catalysts AheadLee noted tokenization represents a large opportunity as financial assets move on-chain, identifying Ethereum and Solana (CRYPTO: SOL) as key platforms. He added that machine-to-machine AI transactions will favor blockchain settlements. Lee stated that simply entering a crypto bull cycle could push Ethereum above $5,000, adding: “I think Ethereum could easily be over $10,000 in that time frame.”
Technical AnalysisFrom a trend perspective, Bitmine is extended above its key moving averages, which is usually what you see when momentum traders are in control: it’s trading 30.6% above the 20-day SMA ($20.02) and 50.9% above the 50-day SMA ($17.33). It’s also 15.2% above the 200-day SMA ($22.70), signaling the intermediate trend has flipped up even though the longer-term backdrop is still repairing.
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The bigger-picture caution is that the 50-day SMA remains below the 200-day SMA (a Death Cross that occurred in January), which can act like overhead friction during rallies. In other words, the near-term trend is strong, but the 12-month performance (down 43.15%) reminds traders this is still a recovery attempt inside a choppier longer-term structure.
Bitmine Immersion (NASDAQ:IMMR) Technologies (NYSE:BMNR) shares rose more than 7% on Monday after the company disclosed a holdings update showing total crypto and "moonshot" investments valued at $14.9 billion as of August 24, 2026.
The company said it has staked more than 5 million ETH, with holdings of 5,847,611 ETH valued at $2,440 per token, according to Coinbase pricing cited by the company. Bitmine also holds 210 Bitcoin.
Beyond its core crypto holdings, the company reported a $180 million stake in Beast Industries, the company founded by YouTube creator MrBeast, and an $89 million stake in Eightco Holdings, which trades on Nasdaq under the ticker ORBS. The company described these two positions as "moonshots."
Bitmine also reported total cash and marketable securities of $308 million.
The update underscores Bitmine's position as one of the largest corporate holders of Ethereum, with its stake surpassing the 5 million ETH threshold for the first time. The scale of the holding ties the company's balance sheet closely to the price of ETH, making its market value sensitive to swings in the cryptocurrency's price.
The disclosure of stakes in Beast Industries and Eightco Holdings also signals the company's expansion beyond core crypto assets into other high-growth, high-risk investments.
Shares of Bitmine Immersion Technologies Inc. (NYSE:BMNR) are trading higher Monday, extending gains of roughly 25% over the trailing week. Here’s what’s driving the move.
BitMine Immersion stock is gaining positive traction. Why is BMNR stock trading higher? Ethereum Treasury and Staking Revenues Drive MomentumThe surge comes after the company announced its total crypto, cash and “moonshot” holdings reached $14.9 billion. As of Sunday, Bitmine holds 5.85 million Ethereum (CRYPTO: ETH) tokens valued at $2,440 each, giving it control of 4.8% of the total global ETH circulating supply.
The company also highlighted rapid scaling in its native institutional staking platform, the Made in America VAlidator Network. Bitmine currently stakes over 5 million ETH, representing $12.4 billion in assets, and projects annualized staking revenue of $330 million based on a 2.67% 7-day yield.
Macro Crypto Surge and Tokenization Tailwinds Support Treasury Strategy Management attributed the recent upside in crypto equities to strengthening digital asset fundamentals, expanding Wall Street asset tokenization and favorable macro developments, including White House support for crypto policy and Treasury bond buybacks.
Chairman Tom Lee noted that ETH gained 30% over the past week, its largest weekly increase since May 2025, adding that Bitmine purchased 32,447 ETH in the past week alone as it closes in on its target of holding 5% of the total ETH supply.
BMNR Shares Edge Higher MondayBMNR Price Action: BitMine Immersion shares were up 3.28% at $23.58 during premarket trading on Monday, according to Benzinga Pro data.
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Market News and Data brought to you by Benzinga APIs
Bitmine Immersion Technologies (BMNR +5.84%), a company focused on investing in top cryptocurrencies and related assets, rode the crypto rally this week. At market close on Friday, it had gained over 26% across the five-day trading stretch, according to data compiled by S&P Global Market Intelligence.
Double dose Cryptocurrencies got two powerful shots in the arm in a rather short space of time. On Wednesday, Treasury Secretary Scott Bessent announced the Treasury would at least double the size of its regular repurchases of long-term government bonds (to at least $4 billion).
Image source: Getty Images.
This increased investor appetite for riskier assets like cryptocurrencies. Not surprisingly, after this move, many cryptos -- like the native Ether from Bitmine's favorite blockchain, Ethereum -- rose substantially.
Also on Wednesday, President Trump presided over a cryptocurrency and technology summit in the White House. He publicly called on Congress to advance the CLARITY Act, the proposed law that would delineate regulatory authority for the industry.
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An ever-growing Ether stake With this in the background, Bitmine's latest weekly operational update looked quite good. The company reported that it added nearly 10,000 Ether to its already considerable holdings over the past week. It now holds over 5.81 million of the coins, roughly 4.8% of the total supply.
Meanwhile, it added one Bitcoin to its position in the leading crypto, bringing the total to 210. Its stake in privately held entertainment company Beast Industries remained level at $180 million, while its investment in fellow crypto company Eightco Holdings rose to $73 million from $69 million.
Bitmine is a stock for believers in the future of cryptocurrency, specifically Ethereum and its native coin. Although the company has a unique mix of assets, it's still very much dependent on overall investor sentiment toward digital coins and tokens. I don't feel it's distinguished enough to warrant buying its stock instead of some of its favored assets.
Eric Volkman has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.
Nelle ultime due settimane, Eightco ha riacquistato 14 milioni di azioni ordinarie nell'ambito del proprio programma di riacquisto di azioni da 125 milioni di dollari comunicato in precedenza
Composizione della tesoreria di Eightco al 19 agosto 2026: 90 milioni di dollari di azioni OpenAI (indirette), 18 milioni di dollari di azioni Beast Industries, 16.278 ETH, quasi 302 milioni di partecipazioni WLD e 132 milioni di dollari in liquidità e mezzi equivalenti, per un totale di circa 389 milioni di dollari
Eightco ha recentemente partecipato al round di finanziamento da 52,5 milioni di dollari della World Foundation, guidato da Pantera con la partecipazione di Bain Capital Crypto, Selini Capital, Susquehanna Crypto e ulteriori investitori
Eightco offre un'esposizione indiretta ad alcune delle società non quotate più innovative, tra cui OpenAI e Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS ("Eightco" o la "Società") ha fornito oggi un aggiornamento sulle proprie partecipazioni complessive, evidenziando la crescente presenza nel settore degli asset digitali e degli investimenti strategici in aziende tecnologiche leader non quotate in borsa. Eightco ha anche annunciato di aver riacquistato circa 14 milioni di azioni delle sue azioni ordinarie nell'ambito del suo programma di riacquisto di azioni da 125 milioni di dollari annunciato in precedenza.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Al 19 agosto 2026, alle ore 18:00 ET, ORBS detiene partecipazioni che includono un investimento di 90 milioni di dollari (indirettamente, tramite società veicolo) in OpenAI, un investimento finanziato da 18 milioni di dollari in Beast Industries, un investimento di 1 milione di dollari in Mythical Games, 301.971.219 Worldcoin (WLD) a 0,37 dollari per WLD (fonte Coinbase), 16.278 Ethereum (ETH) e un totale di circa 132 milioni di dollari in liquidità e stablecoin, per un valore complessivo delle partecipazioni pari a circa 389 milioni di dollari.
Le principali notizie:
Il management di Eightco ritiene che il portafoglio di tesoreria della Società contenga alcune delle componenti più decisive per il futuro dell'IA e del sistema finanziario digitale. Tra le principali notizie di questa settimana figurano le seguenti:
OpenAI ha completato una vendita secondaria di azioni per un totale di circa 7 miliardi di dollari in vista della sua IPO prevista, consentendo agli attuali ed ex dipendenti di vendere azioni alla valutazione di 852 miliardi di dollari della società (CNBC). Il 4 agosto, Cloudflare ha annunciato Cloudflare Wallets, il portafoglio programmabile per l'Internet agentico, offrendo agli agenti IA un portafoglio e la possibilità di effettuare transazioni (Cloudflare). Il 10 agosto, OpenAI ha annunciato l'espansione del suo Daybreak Cyber Partner Program per rendere disponibili i suoi modelli di sicurezza informatica più avanzati tramite società di sicurezza informatica e fornitori di servizi di fiducia. Tramite Daybreak, partner come Accenture, IBM, CrowdStrike, Palo Alto Networks, Cisco, Cloudflare e altri possono incorporare i modelli di OpenAI nei loro prodotti e servizi di sicurezza esistenti (OpenAI). Il 18 agosto, OpenAI ha presentato ChatGPT for Teens, progettato per aiutare gli adolescenti a imparare, sviluppare pensiero critico, approfondire le conoscenze e utilizzare l'IA con fiducia. La soluzione è destinata a fornire protezioni di sicurezza integrate più forti per gli adolescenti, comprese funzionalità per promuovere un uso sano e controlli aggiuntivi per i genitori (OpenAI). "Continuiamo a ritenere che le azioni ordinarie di ORBS siano sottovalutate non solo rispetto al valore intrinseco, ma anche rispetto al valore sinergico degli asset detenuti", ha dichiarato Kevin O'Donnell, Chairman e CEO di Eightco (ORBS). "La nostra decisione di riacquistare 14 milioni di azioni nelle ultime due settimane riflette la fiducia che nutriamo nella strategia, negli asset e nel futuro di Eightco. Riteniamo che questi riacquisti di azioni rappresentino un uso efficiente ed efficace del capitale e che aumentino il valore per gli azionisti".
Eightco: esposizione ai principali megatrend
Eightco si fonda su tre megatrend che, secondo la Società, plasmeranno il prossimo decennio di innovazione: intelligenza artificiale, identità digitale ed economia dei creatori, con posizioni in ciascuno di questi ambiti tramite investimenti indiretti in OpenAI (23% delle riserve di tesoreria di ORBS), Worldcoin (29%) e Beast Industries (5%).
Intelligenza artificiale: OpenAI
Eightco ha investito circa 90 milioni di dollari in società veicolo con esposizione a partecipazioni azionarie nella capogruppo di OpenAI, pari a circa il 23% degli asset di tesoreria, una delle concentrazioni più elevate dichiarate da un veicolo quotato.
ChatGPT, l'app consumer di OpenAI, è la principale app di IA per il grande pubblico a livello globale (Sensor Tower). Il 31 luglio 2026, OpenAI ha annunciato che i suoi modelli raggiungono ora oltre un miliardo di utenti attivi e più di due milioni di aziende. Sei mesi dopo aver effettuato l'iscrizione, le persone inviano circa il 50% in più di messaggi ogni giorno e utilizzano ChatGPT per circa il doppio delle tipologie di attività.
Identità digitale: token WLD
Eightco detiene quasi 302 milioni di WLD, pari a circa l'8,4% dell'offerta circolante, la più grande posizione istituzionale resa pubblica a livello globale e che costituisce circa il 29% degli asset di tesoreria di Eightco.
Worldcoin è il token nativo di World, una rete globale Proof of Human creata da Tools for Humanity (co-fondata da Sam Altman e Alex Blania) e supervisionata dalla World Foundation. I suoi dispositivi Orb rilasciano un World ID che tutela la privacy e verifica che un utente è un essere umano unico, non un agente IA.
In base al modello di business annunciato da World, le applicazioni pagano commissioni per ogni verifica, mentre la verifica degli utenti finali rimane gratuita, con sia gli emittenti di credenziali che il protocollo World che monetizzano l'autenticazione degli utenti verificati. World individua un'opportunità di ricavi complessiva pari a 6,35 trilioni di dollari in 13 settori, tra cui quello bancario, l'e-commerce, il gaming, i social media e l'IA agentica (secondo Tools for Humanity).
Economia dei creator: Beast Industries
Eightco ha investito 18 milioni di dollari nel capitale azionario di Beast Industries, pari a circa il 5% degli asset di tesoreria.
Beast Industries gestisce uno dei maggiori bacini di reach direct-to-consumer al mondo, con una base di follower aggregata di oltre 500 milioni di persone sulle diverse piattaforme, trainati da MrBeast, la persona più vista su YouTube a livello globale. In un contesto in cui l'IA tende a rendere la produzione di contenuti una commodity, la distribuzione e la fiducia del pubblico diventano risorse sempre più scarse.
Informazioni su Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) è una società quotata in borsa che implementa una strategia di tesoreria innovativa basata su Worldcoin (WLD), fornendo agli investitori, tramite un unico ticker, un'esposizione indiretta a tre dei trend principali di questo ciclo: l'intelligenza artificiale attraverso il suo investimento indiretto in OpenAI, l'identità digitale tramite la posizione di maggiore detentore pubblico di WLD e del protocollo Proof of Human, e l'economia dei creatori attraverso la partecipazione azionaria in Beast Industries di MrBeast. Grazie al supporto di investitori istituzionali di primo piano, tra cui Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera e GSR, Eightco sta creando il livello infrastrutturale per la verifica umana nell'era dell'IA agentica.
Per ulteriori informazioni:
X: @iamhuman_orbs
Sito web: 8co.holdings
Domande frequenti
Che cos'è il titolo ORBS?
Eightco Holdings Inc. (NASDAQ: ORBS) è una società quotata in borsa al Nasdaq. ORBS fornisce un'esposizione indiretta a OpenAI e Beast Industries e detiene una delle più grandi posizioni rese pubbliche a livello globale in Worldcoin (WLD).
Chi detiene la maggior quantità di Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) detiene quasi 302 milioni di WLD, pari a circa l'8,4% dell'offerta circolante, la più grande posizione istituzionale dichiarata pubblicamente a livello globale.
Che cos'è il Proof of Human?
Proof of Human è una verifica crittografica che attesta che un utente è una persona viva e unica, non un bot o un agente IA. Si tratta di un'infrastruttura fondamentale per i social network, il settore bancario, il commercio automatizzato e qualsiasi sistema che richieda il principio "una persona, un account" nell'era dell'IA agentica.
In che modo Eightco (ORBS) si collega a Proof of Human?
Eightco Holdings (NASDAQ: ORBS) è il maggiore detentore istituzionale di Worldcoin (WLD) tra quelli che hanno reso pubbliche le proprie partecipazioni; WLD è il token che alimenta la rete di Proof of Human di World.
Chi è il CEO di Eightco Holdings?
Kevin O'Donnell è il CEO di Eightco Holdings (NASDAQ: ORBS). Nel consiglio di amministrazione della Società siedono, tra gli altri, Tom Lee (Managing Partner e Head of Research di Fundstrat, nonché Presidente di Bitmine Immersion Technologies (NYSE: BMNR)) e, in qualità di advisor del consiglio di amministrazione, Brett Winton (Chief Futurist di ARK Invest).
Dichiarazioni previsionali
Il presente comunicato stampa contiene dichiarazioni previsionali ai sensi del Private Securities Litigation Reform Act del 1995. Tutte le dichiarazioni contenute nel presente comunicato stampa, differenti rispetto a quelle relative a fatti storici, possono essere considerate previsionali, tra cui, a titolo esemplificativo ma non esaustivo, le dichiarazioni riguardanti: le aspettative della Società secondo cui l'intelligenza artificiale, l'identità digitale e l'economia dei creator plasmeranno il prossimo decennio di innovazione; la convinzione del management che il portafoglio di tesoreria della Società contenga alcune delle componenti più decisive per il futuro dell'IA e del sistema finanziario digitale; la convinzione del management secondo cui le azioni ordinarie di ORBS siano sottovalutate rispetto al valore intrinseco e sinergico; la convinzione del management secondo cui i riacquisti di azioni della Società rappresentino un uso efficiente ed efficace del capitale che aumentino il valore per gli azionisti; le dichiarazioni rispetto all'opportunità di ricavi accessibili a World, pari a 6,35 trilioni di dollari, in settori quali quello bancario, l'e-commerce, il gaming, i social media e l'IA agentica; le dichiarazioni secondo cui la distribuzione e la fiducia del pubblico diventano risorse sempre più scarse man mano che l'IA rende la produzione di contenuti una commodity; le dichiarazioni rispetto alla realizzazione, da parte della Società, del livello infrastrutturale per la verifica umana nell'era dell'IA agentica; le dichiarazioni secondo cui Proof of Human è un'infrastruttura fondamentale per i social network, il settore bancario, il commercio automatizzato e i sistemi che richiedono l'identità umana verificata; e le dichiarazioni relative al fatto che la Società fornisca un'esposizione indiretta ai trend principali attraverso i suoi investimenti in OpenAI, WLD e Beast Industries. Termini quali "pianifica", "prevede", "volere", "anticipa", "continuare", "espandere", "far avanzare", "sviluppare", "crede", "indicazioni", "obiettivo", "può", "rimanere", "progettare", "prospettiva", "intendere", "stimare", "potrebbe", "dovrebbe", "posizionato", "vedere" e altre espressioni di significato analogo sono volte a identificare dichiarazioni previsionali, sebbene non tutte le dichiarazioni previsionali contengono tali termini. Le dichiarazioni previsionali si basano sulle attuali convinzioni e ipotesi del management, che sono soggette a rischi e incertezze e non costituiscono una garanzia dei risultati futuri. I risultati effettivi potrebbero differire in modo sostanziale da quelli contenuti in qualsiasi dichiarazione previsionale a causa di vari fattori, tra cui, a titolo esemplificativo e non esaustivo: l'incapacità della Società di dirigere la gestione o le operazioni di società non quotate in borsa in cui la Società non detiene una partecipazione di controllo, tra cui OpenAI e Beast Industries; il rischio di perdita o svalutazione degli investimenti strategici della Società, inclusa la sua posizione indiretta nel capitale di OpenAI (detenuta tramite società veicolo), la sua posizione in WLD e la sua posizione azionaria in Beast Industries; la capacità della Società di mantenere il rispetto dei requisiti di mantenimento della quotazione sul Nasdaq; costi, oneri o spese imprevisti che riducano le risorse di capitale della Società o ritardino in altro modo l'impiego di capitale; l'incapacità di raccogliere capitali adeguati per finanziare o scalare le proprie attività operative o gli investimenti strategici; la volatilità dei prezzi degli asset digitali, inclusi WLD ed ETH, che potrebbe influire in modo significativo sul valore delle riserve di tesoreria della Società; cambiamenti normativi, legislazione futura e regolamentazione che incidono negativamente sugli asset digitali, sull'adozione dell'intelligenza artificiale o sulla raccolta di dati biometrici; rischi relativi allo sviluppo, all'adozione e all'accettazione da parte del mercato della tecnologia Proof of Human e della rete World; l'incertezza relativa al ritmo e alla traiettoria dell'implementazione dell'IA agentica nelle applicazioni enterprise e consumer; l'incertezza relativa alla roadmap di prodotto di OpenAI, all'evoluzione del suo modello di business e a eventuali futuri eventi di liquidità; rischi relativi alla capacità di Beast Industries di centrare le proprie proiezioni di crescita; concorrenza nei mercati dell'identità digitale e delle infrastrutture di IA; dipendenza da fonti terze per la valutazione di determinati investimenti; l'incertezza riguardo al perdurare del successo di MrBeast e alla performance del modello di business creator-driven di Beast Industries; rischi relativi alle posizioni concentrate della Società in determinati asset digitali e investimenti in società non quotate in borsa; rischi relativi al programma di riacquisto di azioni della Società, compresi i tempi, i prezzi e l'importo di eventuali riacquisti; il mutare degli orientamenti dell'opinione pubblica e dei governi in merito agli asset digitali o ai settori collegati all'intelligenza artificiale; i rischi connessi alle tempistiche, alle caratteristiche e alla ricezione commerciale dei modelli rilasciati da OpenAI; e i rischi che le dinamiche dell'offerta di WLD non producano gli effetti di mercato previsti. Alla luce di tali rischi e incertezze, si raccomanda di non fare eccessivo affidamento su tali dichiarazioni previsionali. Per un'analisi di ulteriori rischi e incertezze, nonché di altri fattori rilevanti, ognuno dei quali potrebbe determinare risultati effettivi di Eightco divergenti da quelli contenuti nelle dichiarazioni previsionali qui riportate, si rimanda ai documenti depositati da Eightco presso la Securities and Exchange Commission (la "SEC"), inclusi i fattori di rischio e le altre informazioni contenute nella Relazione annuale sul Form 10-K depositata presso la SEC il 15 aprile 2026, nella Relazione Trimestrale sul Form 10-Q depositata presso la SEC il 15 maggio 2026 e negli altri documenti depositati presso la SEC e disponibili al pubblico. Tutte le informazioni contenute nel presente comunicato stampa sono aggiornate alla data di pubblicazione ed Eightco non si assume alcun obbligo di aggiornare tali informazioni né di rendere pubblici gli esiti di eventuali revisioni delle dichiarazioni previsionali qui contenute al fine di riflettere risultati effettivi o mutamenti delle proprie aspettative.
Eightco heeft de afgelopen twee weken 14 miljoen gewone aandelen ingekocht in het kader van het eerder aangekondigde aandeleninkoopprogramma van 125 miljoen dollar
Samenstelling van de treasury van Eightco op 19 augustus 2026: 90 miljoen dollar aan indirecte aandelenbelangen in OpenAI, 18 miljoen dollar aan aandelen in Beast Industries, 16.278 ETH, bijna 302 miljoen WLD-tokens en 132 miljoen dollar aan liquide middelen en kasequivalenten, goed voor een totaal van ongeveer 389 miljoen dollar
Eightco nam onlangs deel aan de financieringsronde van World Foundation ter waarde van 52,5 miljoen dollar, die werd geleid door Pantera en waaraan ook Bain Capital Crypto, Selini Capital, Susquehanna Crypto en andere investeerders deelnamen
Eightco biedt indirecte blootstelling aan enkele van de meest innovatieve private ondernemingen, waaronder OpenAI en Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ('Eightco' of de 'onderneming') heeft vandaag een update verstrekt over haar totale bezittingen, waarbij de onderneming haar posities op het gebied van digitale activa en strategische investeringen in toonaangevende particuliere technologiebedrijven toelichtte. Eightco heeft ook aangekondigd dat het ongeveer 14 miljoen gewone aandelen heeft ingekocht in het kader van het eerder aangekondigde aandeleninkoopprogramma van 125 miljoen dollar.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Op 19 augustus 2026 om 18:00 uur (ET) omvatten de bezittingen van ORBS een investering van 90 miljoen dollar (indirect, via SPV's) in OpenAI, een reeds gefinancierde investering van 18 miljoen dollar in Beast Industries, een investering van 1 miljoen dollar in Mythical Games, 301.971.219 Worldcoin (WLD) tegen 0,37 dollar per WLD (volgens Coinbase), 16.278 Ethereum (ETH) en ongeveer 132 miljoen dollar aan liquide middelen en stablecoins, wat neerkomt op totale bezittingen van ongeveer 389 miljoen dollar.
Belangrijkste ontwikkelingen:
Het management van Eightco is van mening dat de treasuryportefeuille van de onderneming enkele van de meest essentiële bouwstenen voor het toekomstige AI- en digitale financiële systeem bevat. De belangrijkste ontwikkelingen van deze week zijn:
OpenAI voltooide een secundaire aandelenverkoop ter waarde van ongeveer 7 miljard dollar voorafgaand aan de verwachte beursgang (IPO), waardoor huidige en voormalige werknemers aandelen konden verkopen tegen de waardering van het bedrijf van 852 miljard dollar (CNBC). Op 4 augustus kondigde Cloudflare Cloudflare Wallets aan, de programmeerbare wallet voor het agentische internet, waarmee AI-agents een wallet én de mogelijkheid krijgen om transacties uit te voeren (Cloudflare). Op 10 augustus kondigde OpenAI aan dat het zijn Daybreak Cyber Partner Program uitbreidt om zijn meest geavanceerde cybersecuritymodellen beschikbaar te maken via vertrouwde cybersecuritybedrijven en dienstverleners. Via Daybreak kunnen partners zoals Accenture, IBM, CrowdStrike, Palo Alto Networks, Cisco, Cloudflare en anderen de modellen van OpenAI integreren in hun bestaande beveiligingsproducten en -diensten (OpenAI). Op 18 augustus introduceerde OpenAI ChatGPT voor tieners, ontworpen om tieners te helpen leren, kritisch na te denken, hun begrip te verdiepen en AI met vertrouwen te gebruiken. Het is bedoeld om tieners sterkere ingebouwde veiligheidsmaatregelen te bieden, waaronder functies die verantwoord gebruik bevorderen en aanvullende controles voor ouders (OpenAI). "Wij blijven van mening dat de gewone aandelen van ORBS niet alleen zijn ondergewaardeerd ten opzichte van hun intrinsieke waarde, maar ook ten opzichte van de synergetische waarde van de aangehouden activa", zei Kevin O'Donnell, voorzitter en CEO van Eightco (ORBS). "Ons besluit om de afgelopen twee weken 14 miljoen aandelen in te kopen, weerspiegelt het vertrouwen dat wij hebben in de strategie, activa en toekomst van Eightco. Wij zijn van mening dat deze aandeleninkopen een efficiënte en effectieve aanwending van kapitaal vormen en de aandeelhouderswaarde vergroten."
Eightco: Blootstelling aan cruciale megatrends
Eightco is gebouwd rond drie megatrends waarvan de onderneming verwacht dat ze het komende decennium van innovatie zullen bepalen: kunstmatige intelligentie, digitale identiteit en de creator-economie. De onderneming heeft posities in elk van deze trends via haar indirecte investeringen in OpenAI (23% van de treasuryportefeuille van ORBS), Worldcoin (29%) en Beast Industries (5%).
Kunstmatige intelligentie — OpenAI
Eightco heeft ongeveer 90 miljoen dollar geïnvesteerd in special purpose vehicles (SPV's) met blootstelling aan aandelenbelangen in de moedermaatschappij van OpenAI. Dit vertegenwoordigt ongeveer 23% van de treasuryactiva, een van de hoogste bekendgemaakte concentraties van alle beursgenoteerde beleggingsvehikels.
ChatGPT, de consumentenapp van OpenAI, is wereldwijd de nummer 1 AI-consumenten-app (Sensor Tower). Op 31 juli 2026 maakte OpenAI bekend dat zijn modellen inmiddels meer dan één miljard actieve gebruikers en meer dan twee miljoen ondernemingen bereiken. Zes maanden nadat zij zich hebben geregistreerd, versturen gebruikers dagelijks ongeveer 50% meer berichten en gebruiken zij ChatGPT voor ongeveer twee keer zoveel soorten werkzaamheden.
Digitale identiteit — WLD-token
Eightco bezit bijna 302 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod. Daarmee bekleedt de onderneming wereldwijd de grootste openbaar gemaakte institutionele positie, die ongeveer 29% van de treasuryactiva van Eightco vertegenwoordigt.
Worldcoin is de native token van World, een wereldwijd Proof of Human-netwerk dat is ontwikkeld door Tools for Humanity (mede opgericht door Sam Altman en Alex Blania) en wordt beheerd door de World Foundation. De Orb-apparaten verstrekken een privacybeschermende World ID die bevestigt dat een gebruiker een uniek mens is en geen AI-agent.
Onder het aangekondigde businessmodel van World betalen applicaties een vergoeding per verificatie, terwijl verificatie voor eindgebruikers gratis blijft. Zowel uitgevers van digitale identiteitsbewijzen als het World-protocol genereren daarbij inkomsten uit de authenticatie van geverifieerde personen. World ziet een totale potentiële omzetkans van 6,35 biljoen dollar in dertien sectoren, waaronder het bankwezen, e-commerce, gaming, sociale media en agentische AI (volgens Tools for Humanity).
Creator-economie — Beast Industries
Eightco heeft 18 miljoen dollar geïnvesteerd in aandelen van Beast Industries, wat ongeveer 5% van de treasuryactiva vertegenwoordigt.
Beast Industries behoort wereldwijd tot de ondernemingen met het grootste rechtstreekse bereik onder consumenten, met op de verschillende platforms samen meer dan 500 miljoen volgers. Dit bereik wordt gedragen door MrBeast, wereldwijd de meest bekeken persoon op YouTube. Naarmate AI de contentproductie steeds meer tot een standaardproduct maakt, worden distributie en het vertrouwen van het publiek steeds schaarser.
Over Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde onderneming die een Worldcoin (WLD)-treasurystrategie toepast die de eerste in haar soort is. Daarmee biedt zij beleggers via één beursticker indirecte blootstelling aan drie bepalende trends van deze cyclus: kunstmatige intelligentie via haar indirecte investering in OpenAI, digitale identiteit via haar positie als grootste beursgenoteerde houder van WLD en het Proof of Human-protocol, en de creator-economie via haar aandelenbelang in Beast Industries van MrBeast. Ondersteund door toonaangevende institutionele beleggers, waaronder Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera en GSR, bouwt Eightco aan de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI.
Voor meer informatie:
X: @iamhuman_orbs
Website: 8co.holdings
Veelgestelde vragen
Wat is het aandeel ORBS?
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde onderneming op de Nasdaq. ORBS biedt indirecte blootstelling aan OpenAI en Beast Industries en houdt een van de grootste openbaar gemaakte posities in Worldcoin (WLD) aan.
Wie bezit de meeste Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) bezit bijna 302 miljoen WLD, wat overeenkomt met ongeveer 8,4% van het circulerende aanbod en wereldwijd de grootste openbaar gemaakte institutionele positie vormt.
Wat is Proof of Human?
Proof of Human is een cryptografische verificatiemethode waarmee wordt vastgesteld dat een gebruiker een unieke, levende persoon is en geen bot of AI-agent. Het is een fundamentele infrastructuur voor sociale netwerken, het bankwezen, agentische handel en elk systeem dat 'één persoon, één account' vereist in het tijdperk van agentische AI.
Hoe verhoudt Eightco (ORBS) zich tot Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is de grootste openbaar gemaakte institutionele houder van Worldcoin (WLD), de token die het Proof of Human-netwerk van World aandrijft.
Wie is de CEO van Eightco Holdings?
Kevin O'Donnell is de CEO van Eightco Holdings (NASDAQ: ORBS). De raad van bestuur van de onderneming bestaat onder meer uit Tom Lee (managing partner en hoofd onderzoek bij Fundstrat en voorzitter van Bitmine Immersion Technologies (NYSE: BMNR)). Brett Winton (hoofdfuturist bij ARK Invest) is adviseur van de raad van bestuur.
Toekomstgerichte verklaringen
Dit persbericht bevat toekomstgerichte verklaringen in de zin van de Private Securities Litigation Reform Act van 1995. Alle verklaringen in dit persbericht, met uitzondering van verklaringen over historische feiten, kunnen worden beschouwd als toekomstgerichte verklaringen, waaronder, zonder beperking, verklaringen met betrekking tot: de verwachting van de onderneming dat kunstmatige intelligentie, digitale identiteit en de creator-economie het komende decennium van innovatie zullen bepalen; de overtuiging van het management dat de treasuryportefeuille van de onderneming enkele van de meest essentiële bouwstenen voor het toekomstige AI- en digitale financiële systeem bevat; de overtuiging van het management dat de gewone aandelen van ORBS ondergewaardeerd zijn ten opzichte van hun intrinsieke waarde en synergetische waarde; de overtuiging van het management dat de aandeleninkopen van de onderneming een efficiënte en effectieve aanwending van kapitaal vormen die de aandeelhouderswaarde vergroten; verklaringen over de potentiële omzetkans van 6,35 biljoen dollar van World in sectoren als het bankwezen, e-commerce, gaming, sociale media en agentische AI; verklaringen dat distributie en het vertrouwen van het publiek steeds schaarser worden naarmate AI de contentproductie tot een standaardproduct maakt; verklaringen dat de onderneming de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI ontwikkelt; verklaringen dat Proof of Human een essentiële basisinfrastructuur vormt voor sociale netwerken, het bankwezen, agentische handel en systemen die een geverifieerde menselijke identiteit vereisen; en verklaringen dat de onderneming via haar investeringen in OpenAI, WLD en Beast Industries indirecte blootstelling biedt aan bepalende trends. Woorden en uitdrukkingen zoals 'plannen', 'verwacht', 'zal', 'voorziet', 'blijven', 'uitbreiden', 'bevorderen', 'ontwikkelen', 'gelooft', 'verwachting', 'doelstelling', 'kan', 'blijft', 'prognose', 'vooruitzichten', 'voornemen', 'schatting', 'zou kunnen', 'zou moeten', 'gepositioneerd', 'visie' en andere termen met een vergelijkbare betekenis zijn bedoeld om toekomstgerichte verklaringen aan te duiden, hoewel niet alle toekomstgerichte verklaringen dergelijke termen bevatten. Toekomstgerichte verklaringen zijn gebaseerd op de huidige overtuigingen en aannames van het management, die onderhevig zijn aan risico's en onzekerheden, en vormen geen garantie voor toekomstige prestaties. De werkelijke resultaten kunnen wezenlijk afwijken van de resultaten in toekomstgerichte verklaringen als gevolg van verschillende factoren, waaronder, zonder beperking: het onvermogen van de onderneming om het management of de activiteiten aan te sturen van private ondernemingen waarin zij geen meerderheidsaandeelhouder is, waaronder OpenAI en Beast Industries; het risico op verlies of afwaardering van de strategische investeringen van de onderneming, waaronder haar indirecte belang in aandelen van OpenAI (aangehouden via special purpose vehicles), haar positie in WLD en haar aandelenbelang in Beast Industries; het vermogen van de onderneming om te blijven voldoen aan de vereisten voor beursnotering van Nasdaq; onverwachte kosten, lasten of uitgaven die haar kapitaalmiddelen verminderen of anderszins de inzet van kapitaal vertragen; het onvermogen om voldoende kapitaal aan te trekken om haar bedrijfsactiviteiten of strategische investeringen te financieren of op te schalen; volatiliteit in de prijzen van digitale activa, waaronder WLD en ETH, die de waarde van de treasurybezittingen van de onderneming wezenlijk kan beïnvloeden; wijzigingen in regelgeving, toekomstige wetgeving en regelgeving die digitale activa, de toepassing van kunstmatige intelligentie of het verzamelen van biometrische gegevens negatief beïnvloeden; risico's met betrekking tot de ontwikkeling, toepassing en marktacceptatie van Proof of Human-technologie en het World-netwerk; onzekerheid over het tempo en de ontwikkeling van de toepassing van agentische AI in zakelijke en consumententoepassingen; onzekerheid over de productroadmap en ontwikkelingen in het bedrijfsmodel van OpenAI en eventuele toekomstige liquiditeitsgebeurtenissen; risico's met betrekking tot het vermogen van Beast Industries om zijn groeiprognoses te realiseren; concurrentie op de markten voor digitale identiteit en AI-infrastructuur; afhankelijkheid van derden voor de waardering van bepaalde investeringen; onzekerheid over het aanhoudende succes van MrBeast en de prestaties van het door creators gedreven bedrijfsmodel van Beast Industries; risico's met betrekking tot de geconcentreerde posities van de onderneming in bepaalde digitale activa en investeringen in private ondernemingen; risico's met betrekking tot het aandeleninkoopprogramma van de onderneming, waaronder de timing, prijs en omvang van eventuele inkopen; veranderende publieke en overheidsstandpunten ten aanzien van digitale activa of sectoren die verband houden met kunstmatige intelligentie; risico's met betrekking tot de timing, kenmerken en commerciële ontvangst van modelreleases van OpenAI; en risico's dat de dynamiek van het WLD-aanbod niet tot de verwachte markteffecten leidt. Gezien deze risico's en onzekerheden wordt u gewaarschuwd niet te sterk op dergelijke toekomstgerichte verklaringen te vertrouwen. Voor een bespreking van andere risico's en onzekerheden en andere belangrijke factoren die er elk toe zouden kunnen leiden dat de werkelijke resultaten van Eightco afwijken van die welke in de hierin opgenomen toekomstgerichte verklaringen worden beschreven, wordt verwezen naar de documenten die Eightco bij de Securities and Exchange Commission (de 'SEC') heeft ingediend, waaronder de risicofactoren en andere informatie in haar jaarverslag op formulier 10-K, dat op 15 april 2026 bij de SEC is ingediend, het kwartaalverslag op formulier 10-Q, dat op 15 mei 2026 bij de SEC is ingediend, en andere openbaar beschikbare documenten die bij de SEC zijn ingediend. Alle informatie in dit persbericht heeft betrekking op de datum van publicatie. Eightco neemt geen verplichting op zich om deze informatie bij te werken of de resultaten van eventuele herzieningen van de hierin opgenomen toekomstgerichte verklaringen openbaar te maken om feitelijke resultaten of wijzigingen in haar verwachtingen weer te geven.
Au cours des deux dernières semaines, Eightco a racheté 14 millions d'actions ordinaires dans le cadre de son programme de rachat d'actions de 125 millions de dollars précédemment annoncé
Composition de la trésorerie d'Eightco au 19 août 2026 : 90 millions de dollars de participations (indirectes) dans OpenAI, 18 millions de dollars de participations au capital de Beast Industries, 16 278 ETH, près de 302 millions de WLD, ainsi que 132 millions de dollars de liquidités et équivalents, pour un total d'environ 389 millions de dollars
Eightco a récemment pris part à un tour de table de 52,5 millions de dollars organisé par World Foundation, mené par Pantera avec la participation de Bain Capital Crypto, Selini Capital, Susquehanna Crypto et d'autres investisseurs
Eightco offre une exposition indirecte à certaines des entreprises privées les plus innovantes, dont OpenAI et Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ : ORBS) (« Eightco » ou la « société ») a fourni aujourd'hui une mise à jour de l'ensemble de ses participations, soulignant sa position dans le domaine des actifs numériques et des investissements stratégiques dans des sociétés technologiques privées de premier plan. Eightco a également annoncé avoir racheté environ 14 millions de ses actions ordinaires dans le cadre de son programme de rachat d'actions de 125 millions de dollars précédemment annoncé.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Au 19 août 2026 à 18 h 00 (heure de l'Est), les actifs d'ORBS comprennent un investissement de 90 millions de dollars (indirectement, par l'intermédiaire de sociétés à vocation spécifique) dans OpenAI, un investissement financé de 18 millions de dollars dans Beast Industries, un investissement de 1 million de dollars dans Mythical Games, 301 971 219 jetons Worldcoin (WLD) à 0,37 dollar par WLD (selon Coinbase), 16 278 jetons Ethereum (ETH), ainsi qu'environ 132 millions de dollars en liquidités et cryptomonnaies stables, pour un total d'environ 389 millions de dollars.
Les titres phares de l'actualité :
La direction d'Eightco estime que le portefeuille de trésorerie de la société contient certains des éléments les plus essentiels pour l'avenir de l'IA et du système financier numérique. Parmi les principaux titres de cette semaine :
OpenAI a mené à bien une cession secondaire d'actions d'un montant total d'environ 7 milliards de dollars en amont de son introduction en bourse prévue, donnant ainsi à ses employés actuels et anciens la possibilité de vendre leurs actions sur la base d'une valorisation de la société à 852 milliards de dollars (CNBC). Le 4 août, Cloudflare a annoncé le lancement de Cloudflare Wallets, un portefeuille programmable destiné à l'internet agentique, qui permet aux agents d'IA de disposer d'un portefeuille et d'effectuer des transactions (Cloudflare). Le 10 août, OpenAI a annoncé l'extension de son programme Daybreak Cyber Partner, qui vise à mettre à disposition ses modèles de cybersécurité les plus performants par l'intermédiaire d'entreprises et de prestataires de services de cybersécurité de confiance. Grâce au programme Daybreak, des partenaires tels qu'Accenture, IBM, CrowdStrike, Palo Alto Networks, Cisco, Cloudflare et bien d'autres peuvent intégrer les modèles d'OpenAI à leurs produits et services de sécurité existants (OpenAI). Le 18 août, OpenAI a lancé ChatGPT for Teens, une initiative conçue pour aider les adolescents à apprendre, à développer leur esprit critique, à approfondir leurs connaissances et à utiliser l'IA en toute confiance. L'objectif est d'intégrer des mesures de sécurité plus efficaces pour les adolescents, notamment des fonctionnalités visant à favoriser une utilisation saine de la plateforme et à fournir aux parents des outils de contrôle supplémentaires (OpenAI). « Nous continuons de penser que les actions ordinaires d'ORBS sont sous-évaluées, non seulement par rapport à leur valeur intrinsèque, mais aussi par rapport à la valeur synergique des actifs détenus », déclare Kevin O'Donnell, président-directeur général d'Eightco (ORBS). « Notre décision de racheter 14 millions d'actions au cours des deux dernières semaines témoigne de la confiance que nous accordons à la stratégie, aux actifs et à l'avenir d'Eightco. Nous estimons que ces rachats d'actions constituent une utilisation efficace et rentable du capital et qu'ils contribuent à accroître la valeur pour les actionnaires. »
Eightco : exposition aux grandes tendances
Eightco s'articule autour de trois grandes tendances qui, selon la société, devraient façonner l'innovation pour la prochaine décennie : l'intelligence artificielle, l'identité numérique et l'économie des créateurs, avec des expositions à chacune de ces tendances via des investissements indirects dans OpenAI (23 % de la trésorerie d'ORBS), le Worldcoin (29 %) et Beast Industries (5 %).
Intelligence artificielle – OpenAI
Eightco a investi environ 90 millions de dollars dans des sociétés à vocation spécifique détenant des participations dans la société mère d'OpenAI, ce qui représente environ 23 % de ses actifs de trésorerie, soit l'une des plus fortes concentrations divulguées de toutes les structures cotées en bourse.
ChatGPT, l'application grand public d'OpenAI, est l'application d'IA nº 1 au monde dans sa catégorie (Sensor Tower). Le 31 juillet 2026, OpenAI a annoncé que ses modèles comptaient désormais plus d'un milliard d'utilisateurs actifs et plus de deux millions d'entreprises. Six mois après leur inscription, les utilisateurs envoient environ 50 % de messages en plus chaque jour et utilisent ChatGPT pour environ deux fois plus de types de tâches.
Identité numérique – jeton WLD
Eightco détient près de 302 millions de jetons WLD, soit environ 8,4 % de l'offre en circulation. Il s'agit de la plus importante position institutionnelle rendue publique à l'échelle mondiale, qui représente environ 29 % des actifs de la trésorerie d'Eightco.
Worldcoin est le jeton natif de World, un réseau mondial Proof of Human (preuve d'humanité) construit par Tools for Humanity (entreprise cofondée par Sam Altman et Alex Blania) et géré par la World Foundation. Ses appareils Orb émettent un identifiant World qui protège la vie privée et permet de vérifier que l'utilisateur est bien un être humain unique, et non un agent d'IA.
Dans le cadre du modèle commercial annoncé par World, les applications paient des frais de vérification alors que la vérification de l'utilisateur final est gratuite. Les fournisseurs d'identifiants et le protocole World génèrent donc des revenus à partir de l'authentification humaine vérifiée. World estime à 6 350 milliards de dollars le potentiel de revenus adressables dans 13 secteurs, allant du secteur bancaire au commerce électronique, en passant par les jeux vidéo, les réseaux sociaux et l'IA agentique (selon Tools for Humanity).
Économie des créateurs – Beast Industries
Eightco a investi 18 millions de dollars en actions de Beast Industries, soit environ 5 % des actifs de trésorerie.
Beast Industries exploite l'une des plus vastes présences directes auprès des consommateurs dans le monde, avec une base combinée de plus de 500 millions d'abonnés sur toutes les plateformes, MrBeast étant la personne la plus regardée sur YouTube dans le monde entier. Avec la standardisation de la production de contenus par l'IA, la distribution et la confiance du public deviennent des atouts de plus en plus rares.
À propos d'Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ : ORBS) est une société cotée en bourse qui met en œuvre une stratégie de trésorerie en Worldcoin (WLD) inédite, proposant aux investisseurs, à travers un seul titre coté, une exposition indirecte à trois des tendances déterminantes de ce cycle : l'intelligence artificielle grâce à son investissement indirect dans OpenAI, l'identité numérique grâce à sa position de plus grand détenteur publiquement connu de jetons WLD et au protocole Proof of Human, et l'économie des créateurs grâce à sa participation dans Beast Industries, la société de MrBeast. Soutenue par des investisseurs institutionnels de premier plan, dont Bitmine Immersion Technologies Inc. (NYSE : BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera ou encore GSR, Eightco met en place la couche d'infrastructure nécessaire à la vérification humaine à l'ère de l'IA agentique.
Informations complémentaires :
X : @iamhuman_orbs
Site internet : 8co.holdings
Questions fréquemment posées
Qu'est-ce que l'action ORBS ?
Eightco Holdings Inc. (NASDAQ : ORBS) est une société cotée au Nasdaq. ORBS offre une exposition indirecte à OpenAI et à Beast Industries, et détient l'une des plus importantes positions publiquement déclarées dans le jeton Worldcoin (WLD).
Qui possède le plus de jetons Worldcoin (WLD) ?
Eightco Holdings (NASDAQ : ORBS) détient près de 302 millions de WLD, soit environ 8,4 % de l'offre en circulation, ce qui représente la plus importante position institutionnelle rendue publique à l'échelle mondiale.
Qu'est-ce que Proof of Human ?
Proof of Human est la vérification cryptographique qu'un utilisateur est une personne unique et vivante, et non un robot ou un agent d'IA. Il s'agit d'une infrastructure fondamentale pour les réseaux sociaux, les banques, le commerce agentique et tout système nécessitant « une personne, un compte » à l'ère de l'IA agentique.
Quel est le lien entre Eightco (ORBS) et Proof of Human ?
Eightco Holdings (NASDAQ : ORBS) est le plus important détenteur institutionnel publiquement identifié de Worldcoin (WLD), le jeton qui alimente le réseau Proof of Human de World.
Qui est le directeur général d'Eightco Holdings ?
Kevin O'Donnell est le directeur général d'Eightco Holdings (NASDAQ : ORBS). Figurent au conseil d'administration de la société Tom Lee (associé directeur et responsable de la recherche chez Fundstrat, et président du conseil d'administration de Bitmine Immersion Technologies [NYSE : BMNR]) et, comme conseiller du conseil d'administration, Brett Winton (futurologue en chef chez ARK Invest).
Déclarations prospectives
Le présent communiqué de presse contient des déclarations prospectives au sens de la loi de 1995 relative à la réforme des litiges sur les titres privés. Toutes les déclarations contenues dans le présent communiqué de presse, autres que les déclarations de faits historiques, peuvent être considérées comme prospectives, y compris, mais sans s'y limiter, les déclarations concernant : les prévisions de la société selon lesquelles l'intelligence artificielle, l'identité numérique et l'économie des créateurs façonneront la prochaine décennie d'innovation ; la conviction de la direction selon laquelle le portefeuille de trésorerie de la société contient certains des éléments les plus essentiels pour l'avenir de l'IA et du système financier numérique ; la conviction de la direction selon laquelle les actions ordinaires d'ORBS sont sous-évaluées par rapport à leur valeur intrinsèque et synergique ; la conviction de la direction selon laquelle les rachats d'actions de la société constituent une utilisation efficace et rentable du capital qui accroît la valeur pour les actionnaires ; les déclarations concernant le potentiel de revenus adressables de World, estimé à 6 350 milliards de dollars, dans des secteurs tels que la banque, le commerce électronique, les jeux vidéo, les réseaux sociaux et l'IA agentique ; les déclarations selon lesquelles la distribution et la confiance du public deviennent des atouts de plus en plus rares à mesure que l'IA standardise la production de contenu ; les déclarations selon lesquelles la société met en place la couche d'infrastructure nécessaire à la vérification humaine à l'ère de l'IA agentique ; les déclarations selon lesquelles Proof of Human constitue une infrastructure fondamentale pour les réseaux sociaux, le secteur bancaire, le commerce agentique et les systèmes nécessitant une identité humaine vérifiée ; et les déclarations concernant l'exposition indirecte de la société aux tendances déterminantes grâce à ses investissements dans OpenAI, le WLD et Beast Industries. Des termes tels que « prévoit », « s'attend à », « fera », « anticipe », « continuer », « étendre », « faire évoluer », « développer », « estime », « orientations », « objectif », « pourrait », « demeurer », « prévision », « perspectives », « avoir l'intention de », « estimer », « pourrait », « devrait », « bien placé pour », « point de vue », ainsi que d'autres mots et expressions de sens similaire, servent à identifier les déclarations prospectives, bien que toutes les déclarations prospectives ne contiennent pas nécessairement ces termes. Les déclarations prospectives sont fondées sur les convictions et les hypothèses actuelles de la direction, qui sont soumises à des risques et à des incertitudes, et ne constituent pas des garanties de performances futures. Les résultats réels peuvent différer considérablement de ceux énoncés dans toute déclaration prospective en raison de divers facteurs, y compris, mais sans s'y limiter : l'incapacité de la société à diriger la gestion ou les opérations d'entreprises privées dont elle n'est pas l'actionnaire majoritaire, notamment OpenAI et Beast Industries ; le risque de perte ou de dépréciation sur les investissements stratégiques de la société, y compris sa participation indirecte dans le capital d'OpenAI (détenue par l'intermédiaire de sociétés à vocation spécifique), son exposition au WLD et sa participation au capital de Beast Industries ; la capacité de la société à continuer de se conformer aux exigences du maintien de la cotation au Nasdaq ; les coûts, charges ou dépenses imprévus qui réduisent les ressources en capitaux de la société ou retardent d'une autre manière le déploiement de ces capitaux ; l'incapacité à lever des capitaux suffisants pour financer ou développer ses activités commerciales ou ses investissements stratégiques ; la volatilité des cours des actifs numériques, notamment ceux du WLD et de l'ETH, qui pourrait affecter de manière significative la valeur des actifs de trésorerie de la société ; les changements réglementaires, la législation future et l'élaboration de règles ayant un impact négatif sur les actifs numériques, l'adoption de l'intelligence artificielle ou la collecte de données biométriques ; les risques liés au développement, à l'adoption et à l'acceptation par le marché de la technologie Proof of Human et du réseau World ; l'incertitude concernant le rythme et la trajectoire du déploiement de l'IA agentique dans les applications d'entreprise et grand public ; l'incertitude concernant la feuille de route des produits d'OpenAI, l'évolution de son modèle économique et tout événement futur lié à la liquidité ; les risques liés à la capacité de Beast Industries à atteindre ses prévisions de croissance ; la concurrence sur les marchés de l'identité numérique et des infrastructures d'IA ; la dépendance à l'égard de sources tierces pour l'évaluation de certains investissements ; l'incertitude concernant la pérennité du succès de MrBeast et la performance du modèle économique axé sur les créateurs de Beast Industries ; les risques liés à la concentration des positions de la société sur certains actifs numériques et investissements dans des sociétés privées ; les risques liés au programme de rachat d'actions de la société, notamment le calendrier, le prix et le montant de tout rachat ; l'évolution des positions du public et des pouvoirs publics concernant les actifs numériques ou les secteurs liés à l'intelligence artificielle ; les risques liés au calendrier, aux fonctionnalités et à l'accueil commercial des lancements de modèles d'OpenAI ; et les risques que la dynamique de l'offre de WLD ne se traduise pas par les effets attendus sur le marché. Compte tenu de ces risques et incertitudes, nous vous conseillons de ne pas accorder une confiance excessive à ces déclarations prospectives. Pour obtenir plus d'informations sur les autres risques et incertitudes, ainsi que sur d'autres facteurs importants, dont chacun pourrait entraîner un écart entre les résultats réels d'Eightco et ceux figurant dans les déclarations prospectives contenues dans le présent document, veuillez vous reporter aux documents déposés par Eightco auprès de la Securities and Exchange Commission (la « SEC »), notamment les facteurs de risque et autres informations figurant dans son rapport annuel sur le formulaire 10-K, déposé auprès de la SEC le 15 avril 2026, dans son rapport trimestriel sur le formulaire 10-Q, déposé auprès de la SEC le 15 mai 2026, ainsi que dans d'autres documents déposés auprès de la SEC et accessibles au public. Toutes les informations contenues dans le présent communiqué de presse sont valables à la date de sa publication, et Eightco n'assume aucune obligation de mettre à jour ces informations ni d'annoncer publiquement les résultats de toute révision des déclarations prospectives contenues dans le présent document afin de refléter les résultats réels ou tout changement dans ses prévisions.
Eightco repurchased 14 million shares of common stock in the past two weeks under its previously announced $125 million share repurchase program
Eightco treasury composition as of August 19, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $132M cash and equivalents, totaling approximately $389 million
Eightco recently participated in World Foundation's $52.5M funding round, led by Pantera with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, and additional investors
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies. Eightco also announced that it has repurchased approximately 14 million shares of its common stock under its previously announced $125 million share repurchase program.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
As of August 19, 2026, at 6:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 301,971,219 Worldcoin (WLD) at $0.37 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $132 million in total cash and stablecoins, for total holdings of approximately $389 million.
Top Headlines Driving the News:
Eightco's management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week's top headlines include:
OpenAI completed a secondary share sale totaling roughly $7 billion ahead of its anticipated IPO, allowing current and former employees to sell stock at the company's $852 billion valuation (CNBC). On August 4, Cloudflare announced Cloudflare Wallets, the programmable wallet for the agentic internet, giving AI agents a wallet and the ability to transact (Cloudflare). On August 10, OpenAI announced that it is expanding its Daybreak Cyber Partner Program to make its most capable cybersecurity models available through trusted cybersecurity companies and service providers. Through Daybreak, partners such as Accenture, IBM, CrowdStrike, Palo Alto Networks, Cisco, Cloudflare, and others can incorporate OpenAI's models into their existing security products and services (OpenAI). On August 18, OpenAI introduced ChatGPT for Teens, designed to help teens learn, think critically, deepen understanding, and use AI with confidence. It is intended to provide stronger built-in safety protections for teens, including features to promote healthy use and additional controls for parents (OpenAI). "We continue to believe ORBS' common shares are undervalued to not only intrinsic value, but also the synergistic value of assets held," said Kevin O'Donnell, Chairman and CEO of Eightco (ORBS). "Our decision to repurchase 14 million shares in the past two weeks reflects the confidence we have in Eightco's strategy, assets and future. We believe these share repurchases are an efficient and effective use of capital and increase shareholder value."
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (23% of ORBS' treasury holdings), Worldcoin (29%), and Beast Industries (5%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 23% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower). On July 31, 2026, OpenAI announced that its models now reach more than one billion active users and more than two million businesses. Six months after signing up, people send roughly 50 percent more messages each day and use ChatGPT for about twice as many kinds of work.
Digital Identity — WLD Token
Eightco holds nearly 302 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 29% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 5% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to OpenAI and Beast Industries, and holds one of the largest publicly disclosed positions in Worldcoin (WLD).
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds nearly 302 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; management's belief that the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system; management's belief that ORBS' common shares are undervalued relative to intrinsic and synergistic value; management's belief that the Company's share repurchases are an efficient and effective use of capital that increase shareholder value; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements that distribution and audience trust become increasingly scarce assets as AI commoditizes content production; statements that the Company is building the infrastructure layer for human verification in the agentic AI era; statements that Proof of Human is foundational infrastructure for social networks, banking, agentic commerce, and systems requiring verified human identity; and statements regarding the Company providing indirect exposure to defining trends through its investments in OpenAI, WLD, and Beast Industries. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," "positioned," "view," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where it is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges, or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation, and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof of Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap, business model developments, and any future liquidity events; risks related to Beast Industries' ability to achieve its growth projections; competition in the digital identity and AI infrastructure markets; reliance on third-party sources for the valuation of certain investments; uncertainty regarding MrBeast's continued success and the performance of Beast Industries' creator-driven business model; risks related to the Company's concentrated positions in certain digital assets and private company investments; risks related to the Company's share repurchase program, including the timing, pricing, and amount of any repurchases; shifting public and governmental positions on digital assets or artificial intelligence-related industries; risks related to the timing, features, and commercial reception of OpenAI's model releases; and risks that WLD supply dynamics may not result in anticipated market effects. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect actual results or any change in its expectations.
Shares of Bitmine Immersion Technologies Inc. (NYSE:BMNR) are gaining on Thursday morning, trading higher as major digital assets extend their upward momentum.
BitMine Immersion shares are powering higher. Why are BMNR shares rallying? Crypto Treasury Value Expands On Price MomentumThe stock’s strength comes as Bitcoin (CRYPTO: BTC) trades near $68,100 and Ethereum (CRYPTO: ETH) pushes past $2,290, directly boosting the net asset value of Bitmine’s crypto-heavy balance sheet.
Management Update Highlights $11.4 Billion TreasuryBuilding on market tailwinds, management released an update on August 17 detailing the company’s vast digital asset reserves. Executive Chairman Tom Lee stated, “Bitmine crypto + total cash & marketable securities + ‘moonshots’ holdings total $11.4 billion, including 5.82 million ETH tokens…”
Addressing the company’s progress toward acquiring 5% of the global Ethereum supply, an initiative dubbed the ‘Alchemy of 5%’, Executive Chairman Tom Lee noted that “Bitmine owns 4.8% of the total ETH coin supply of 120.7 million. Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months.”
With over 5 million ETH actively staked to generate recurring yield, Bitmine offers investors high-beta equity exposure to this week’s Ethereum rally.
BMNR Shares Surge Thursday MorningBMNR Price Action: BitMine Immersion shares were up 7.86% at $21.82 during premarket trading on Thursday, according to Benzinga Pro data.
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Buy BMNR. It’s the biggest listed holder of ETH and is nearing its 5% Ethereum accumulation target; finishing the DCA cycle should flip the story from dilutive to free-cash-flow via staking (~2.9% annual returns), then dividends and buybacks. The stock is also technically strong (above $17.5, above 50-day MA, in an ascending channel) and the catalyst is live: ETH is rebounding and spot ETH ETF inflows are accelerating ($189M Wednesday; $534M this month).
Key Risk: Ethereum falls back hard and BMNR can’t complete the accumulation/valuation re-rate (ETH price drops and staking economics and investor risk appetite break).
ETH ETF inflows
Buy spot Ethereum exposure via an ETH ETF (e.g., iShares Ethereum Trust/“ETHA” or similar). The article shows a clear demand impulse: spot ETH ETF inflows are surging and total net assets are rising fast, which tends to pull spot ETH higher and sustain risk-on flows. This is the cleanest way to monetize the rebound without company-specific execution risk.
Key Risk: ETF inflows reverse quickly (outflows return), causing ETH to roll over even if sentiment improves briefly.
BitMine stock jumped to $20.85, its highest level since May 15, up sharply from the year-to-date low of $12.54. This rebound happened as Ethereum price jumped above the crucial resistance level of $2,000 amid a crypto resurgence.
BitMine stock jumped as investors rotated to Ethereum and other coins. ETH rose to $2,330, its highest level since May 11. It has jumped by 50% from its lowest level this year.
This rebound continued as investors embraced a risk-on sentiment. The Crypto Fear and Greed Index has moved from the extreme fear zone of 17 to the current 52. In most cases, this growth normally leads to more demand for cryptocurrencies.
Ethereum is also rising as demand for its quoted ETFs continued adding assets. Data shows that spot Ethereum ETF inflows jumped by $189 million on Wednesday, up sharply from $71 million on Tuesday and $30 million a day earlier.
These funds have added $534 million this month up sharply from $365 million a month earlier. They have had a cumulative inflows of over $11.75 billion, bringing the total net assets to $12 billion. These are all bullish catalysts for Ethereum and BitMine, the biggest holder of the coin.
Tom Lee’s BitMine Immersion is nearing an inflection point as it nears the 5% Ethereum accumulation target. If Ethereum rebounds and hits its all-time high, BitMine will have executed one of the best dollar cost averaging (DCA) strategy over time. That’s because it has been buying Ethereum as its price has plunged in the past few months.
The company has bought 37,696 coins in the last 30 days, bringing the total coins to 5.815 million coins. This means that it needs to buy 185k coins to hit its 5% target.
Finishing the accumulation will bring it to an inflection point where it will change it from a dilutive company into a free cash flow machine. In this, it will now start focusing solely on Ethereum staking, which will bring in about 2.9% annual returns.
If the company makes 180,000 coins a year, its annual revenue will be over $423 million a year if the price remains in this range. The company will now use these funds to pay dividends and implement share buybacks. Also, it will use these funds to make strategic investments.
Another potential catalyst for the company is that it holds a stake in Eightco, which gives it an indirect stake in OpenAI.
BMNR stock chart | Source: TradingView
The daily chart shows that the BitMine stock price has been in an uptrend in the past few months. It has jumped from a low of $12.54 to the current $20.24.
The stock has formed an ascending channel and is now nearing the upper side. Also, the stock has jumped above the crucial resistance level of $17.5, its lowest swing in February. It also moved above the 50-day moving average.
Therefore, the stock will likely continue rising as bulls target the key resistance level of $25. A drop below the lower side of the channel will invalidate the bullish forecast.
Even with the Clarity Act stalled in Congress, the he U.S. Securities and Exchange Commission (SEC) is proposing new cryptocurrency-related rules; this framework is known as “Regulation Crypto Assets.” This helps to explain why Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock is up 13% to $104.72 midday Wednesday, as part of a broad rally in crypto-linked equities as Bitcoin (CRYPTO:BTC) punches back above $68,000 for the first time in months.
Bitmine Immersion Technologies (NYSEAMERICAN:BMNR) stock is climbing 13% to $20.63. Coinbase (NASDAQ:COIN) shares are up 11% to $162.88. The move marks the sharpest one-day pop for these crypto proxies all summer.
Yet, even after today’s spike, all three remain deeply negative on the year. This is a sharp one-day rally inside a brutal 2026.
Bitcoin’s Rebound Off Summer Lows Bitcoin is trading at $68,500, up 6% over the past 24 hours. Ethereum (CRYPTO:ETH) trades at $1,908 as of August 19, according to CoinGecko data.
No company-specific catalyst has surfaced. The move looks like a rebound off summer lows that pushed Bitcoin’s year-to-date drawdown deep into the red, possibly boosted by the SEC’s proposed crypto rules.
Strategy Leads the Bitcoin Proxies Higher Strategy stock is up 13% to $104.72, though shares remain down 39% year to date (YTD) through Tuesday’s close. Strategy’s leverage to Bitcoin cuts both ways, and it’s cut hard in 2026.
The company has sold Bitcoin in multiple tranches since May to fund dividends on its STRC preferred shares, reversing the accumulation-only approach that built its reputation. In Q2 2026, 12 of Strategy’s 15 largest institutional holders added to their positions, with combined holdings rising $700 million. That trails the Q1 2026 figure, when 13 top holders added and combined holdings rose $4.6 billion.
Capital International Investors remains the largest holder after adding $346 million to lift its stake to $3.49 billion, or 9.4% of shares outstanding. BlackRock (NYSE:BLK) Institutional Trust grew its position by $84 million, and Goldman Sachs nearly quadrupled its Strategy stake to $555 million. UBS trimmed $142 million. Executive Chairman Michael Saylor posted Wednesday on X, stating that “some are trying to bring Bitcoin to billions” while “others are trying to win arguments on the internet.”
Bitmine’s Ethereum Bet Bitmine Immersion Technologies stock is up 13% to $20.63 and down 33% year to date through Tuesday’s close. The company holds 4.8% of Ethereum’s circulating supply, making Chairman Tom Lee one of the asset’s largest institutional stakeholders. That gives Lee a direct financial incentive to tie Ethereum to major crypto narratives.
Lee posted that crypto is “more relevant today given the rapidly increasing capabilities of AI and robotics,” calling Ethereum “the most important L1.” He was responding to a BlackRock report titled “Re-Underwriting Bitcoin,” which attributed Bitcoin’s 50% drawdown from its October 2025 high to crypto-native deleveraging. The report never mentions Ethereum, robotics, or blockchain verification of AI systems, per BeInCrypto, so Lee’s framing extends beyond the source material.
Coinbase Rides the Volatility Bid Coinbase stock is up 11% to $162.88 and down 35% year to date through Tuesday’s close. The exchange is the most direct equity beneficiary of sustained Bitcoin trading activity.
Options positioning tilts bullish, with a Coinbase full-chain put/call ratio of 0.39. Polymarket assigns a 98.6% probability that Coinbase shares close higher today.
Bitwise Crypto Industry Innovators ETF The Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) trades at $23.48 and is up 12% year to date through Tuesday’s close, one of the few names in this cohort that’s green for 2026.
The fund holds crypto industry equities rather than Bitcoin itself, so returns track miners, exchanges, and Bitcoin treasury vehicles. That concentration risk means idiosyncratic blowups at a top holding can hit performance hard, even when Bitcoin cooperates.
What to Watch Traders may want to keep an eye on whether Bitcoin holds above $68,000. Follow-through in Strategy, Bitmine Immersion Technologies, and Coinbase volumes tomorrow can help distinguish a genuine trend change from a violent short-covering pop inside a downtrend.
The setup is asymmetric. A rally that fails from here reinforces the bearish MSTR positioning that gained traction on WallStreetBets over the weekend, where a thread titled “Why I Expect $MSTR at $40ish in 8-12 Weeks” drew heavy engagement. A close above the day’s highs could squeeze that positioning across the whole crypto-equity complex. Given how far these names have fallen, a cautious position size is the reasonable play for anyone chasing the rebound.
Contact [email protected] for any questions or corrections.
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
Bitmine is 96% of the way to the 'Alchemy of 5%' in just 14 months
In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto
Bitmine repurchased 1.7 million shares of common stock in the past week, and has repurchased over 20.8 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program
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 $9.6 billion at $1,893 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $73 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 $11.4 billion, including 5.82 million ETH tokens, total cash & marketable securities of $78 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
, /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 $11.4 billion.
Bitmine Weekly Update
ETH/BTC ratio: Moving above a 1-year downtrend
ETH/BTC ratio: Future tailwinds of Tokenization and AI
STAKING: BMNR now staking over 5 million ETH as of August 16, 2026
As of August 16, 2026 at 9:30pm ET, the Company's crypto holdings are comprised of 5,815,164 ETH at $1,893 per ETH (per CoinbaseNASDAQ: COIN), 210 Bitcoin (BTC), $180 million stake in Beast Industries, $73 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $78 million. Bitmine's ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).
"We are encouraged to see the ETH/BTC ratio at 0.02994 and rising. This ratio has moved above the long-term downtrend in place over the last few years and is a sign, in our view, that markets are beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum," stated Thomas "Tom" Lee, Chairman of Bitmine. "We expect easing financial conditions to be a tailwind for crypto."
"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.
"We continue to view Bitmine's common shares as undervalued and the Company repurchased 1.7 million shares during the past week, bringing total common equity repurchases to over 20.8 million common shares since the start of July. This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury)," continued Lee. Since July 1, 2026, Bitmine has repurchased 20.8 million shares of common stock under the previously authorized $4 billion share repurchase program.
"Over the past week, we acquired 9,926 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) 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 16, 2026, Bitmine total staked ETH stands at 5,067,309 ($9.6 billion at $1,893 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 $287 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $250 million. And this 5.1 million ETH is 87% of the 5.82 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (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 $58 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
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine 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://x.com/fundstrat
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 $287 million (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners at scale), current projected annualized staking revenues of approximately $250 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (v) the Company's $4 billion share repurchase program, including statements regarding the execution, size, and potential accretive value of such program; (vi) management's views regarding the valuation of the Company's common shares and the characterization of such shares as "undervalued"; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100, including statements that ETH outperformed the Nasdaq 100 by 2,500 basis points in July 2026 as "reflective of the strengthening fundamentals of crypto"; (viii) management's expectation that easing financial conditions will be "a tailwind for crypto"; (ix) statements and expectations regarding the ETH/BTC ratio, including that markets are "beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum," and that the ETH/BTC ratio will rise in the upcoming crypto cycle driven by Wall Street tokenization and agentic-AI using blockchains; (x) 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; (xi) statements regarding the Company's investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xii) 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; 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, MAVAN expansion, and share repurchase activities; operational, security, and technological risks associated with the Company's staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; 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 investment in Eightco Holdings 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 and on the Company's website at https://Bitminetech.io/investor-relations/. 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.
