Bitmine Immersion Technologies, Inc. filed an 8-K style press release on November 2, 2026, disclosing that its total crypto holdings, liquid securities, and "moonshot" investments reached $14.5 billion as of November 1, 2026.

Key Highlights

  • ETH holdings: As of November 1, 2026 at 4:00 p.m. ET, the company held 6,060,506 ETH valued at $2,261 per ETH, representing 4.9% of the total ETH supply of 122.2 million units, according to the filing.
  • Staking position: The company reported 5,227,037 ETH staked as of November 1, 2026, valued at $11.8 billion at $2,261 per ETH.
  • Additional holdings: The filing disclosed 216 Bitcoin (BTC), a $180 million stake in Beast Industries, an $82 million stake in Eightco Holdings (NASDAQ:ORBS), and $498 million in total cash and marketable securities.
  • Weekly ETH purchase: According to the filing, the company acquired 8,573 ETH during the prior week, and the company stated it has purchased ETH every week since launching its ETH treasury strategy on June 30, 2025.
  • Annualized staking reward: The filing cited a projected staking reward of $415 million on an annualized basis at full scale, based on a 7-day BMNR yield of 3.03%, and current annualized staking revenue of $358 million based on 5.2 million ETH staked.
  • Russell 1000 inclusion: The filing stated that Bitmine joined the Russell 1000 large-cap index on June 26, 2026.
  • NYSE listings: The company's common shares trade on NYSE as BMNR, and its Series A preferred shares trade on NYSE under the symbol BMNP.

Bitmine Discloses $14.5 Billion in Crypto and Securities Holdings After Binance Exploit

Bitmine Immersion Technologies, Inc. (NYSE:BMNR), headquartered in Norwalk, Connecticut, disclosed on November 2, 2026, that its combined crypto, cash, marketable securities, and "moonshot" investments totaled $14.5 billion. The filing attributed these figures to data as of November 1, 2026. The company's 6,060,506 ETH holding was priced using a Coinbase (NASDAQ:COIN) reference rate of $2,261 per ETH, and the company described itself as "the largest Ethereum treasury in the world," second overall in global crypto treasury size behind Strategy Inc., which the filing said holds 848,517 BTC valued at approximately $71 billion.

The disclosure also addressed a recent security incident at Binance. According to the filing, Chairman Thomas "Tom" Lee stated that $6.3 billion in customer assets was stolen in the Binance exploit, with the FBI designating North Korea (DPRK) as responsible within two days. Lee offered six reasons why he characterized the market's reaction as "much more muted" than following the February 2025 ByBit hack, in which $1.5 billion was stolen and ETH fell 8% on the day of the announcement and 20% within a week. The filing noted ETH declined only 4% following the Binance disclosure. These characterizations are the company's own views and subject to its cautionary language.

The filing also highlighted MAVAN (Made in America Validator Network), described as the company's institutional-grade staking platform, initially built to manage Bitmine's own Ethereum treasury and subsequently expanded to serve institutional investors, custodians, and ecosystem partners. The company's $82 million stake in Eightco Holdings (NASDAQ:ORBS) was characterized in the filing as among "the only publicly traded stocks in the world" offering indirect exposure to OpenAI, though this is the company's own characterization.

What Was Disclosed

Bitmine disclosed its November 1, 2026 crypto holdings totaling $14.5 billion, including 6,060,506 ETH, 216 BTC, $498 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings (NASDAQ:ORBS). The filing also provided context on the Binance security exploit and staking operations.