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8-K ·Filed Sep 21, 2026

BMNR

BITMINE IMMERSION TECHNOLOGIES, INC.
NEUTRAL
Impact 4/10
Horizonweeks Processed1mo ago SEC0001493152-26-043486
8-K context-dependent: Items 7.01
Actionable Insight • Neutral

Monitor ETH price movements and the company's weekly ETH acquisition pace for continued accumulation trajectory. The September 30 keynote at Korea Blockchain Week by Chairman Tom Lee may provide additional strategic commentary.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+20d
BMNR ▼ -23.65% at T+20d
NEUTRAL call -23.65% · α vs SPY -22.74% · entry $28.25 → $21.57
Next anchor: T+60d in 7w
Latest observation: T+24 -32.24% FF3 residual α
Entry = T+0 close
Sep 21, 2026
via day close
T+1d
+1.81%
call +1.81% · α +1.82%
$28.76
settled 5w ago
T+5d
-4.99%
call -4.99% · α -3.97%
$26.84
settled 29d ago
T+20d
-23.65%
call -23.65% · α -22.74%
$21.57
settled 8d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Bitmine Immersion Technologies issued a press release on September 21, 2026, disclosing its crypto and cash holdings as of September 20, 2026. The company reported total crypto, cash, marketable securities, and 'moonshot' investments of $17.1 billion, including 5.98 million ETH tokens (4.9% of total ETH supply), 212 BTC, $714 million in cash and marketable securities, and stakes in Eightco Holdings and Beast Industries. The filing is a routine operational update under Regulation FD and contains no financial results or guidance.

Key Facts

  • Total crypto + cash + marketable securities + 'moonshots' = $17.1 billion as of September 20, 2026
  • ETH holdings: 5,983,940 tokens at $2,688/ETH, representing 4.9% of total ETH supply of 122.1 million
  • Cash and marketable securities: $714 million
  • Staked ETH: 5,067,309 tokens ($13.6 billion at $2,688/ETH), representing 85% of total ETH holdings
  • Projected annualized staking revenues: $357 million; at full staking scale, projected rewards of $421 million
  • Bitcoin holdings: 212 BTC
  • Stake in Eightco Holdings (NASDAQ: ORBS): $105 million; stake in Beast Industries: $180 million
  • Average daily dollar volume of BMNR stock: $1.2 billion (5-day average as of September 18, 2026), ranking #100 among US-listed stocks
  • Company added 27,562 ETH in the past week; has bought ETH every week since June 30, 2025

Financial Impact

Total holdings of $17.1 billion disclosed; no revenue, earnings, or guidance provided

Risk Factors

  • Extreme volatility of digital asset prices, particularly ETH and Bitcoin, could materially change the value of disclosed holdings
  • Projected staking revenues of $357 million are based on current yields and ETH prices; actual results may differ materially
  • Concentration risk: 85% of ETH holdings are staked, exposing the company to staking-related operational and protocol risks

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001493152-26-043486
Exhibit: ex99-1.htm0001493152-26-043486
Document: 0001493152-26-043486-index-headers.html0001493152-26-043486
Document: 0001493152-26-043486-index.html0001493152-26-043486
Document: 0001493152-26-043486.txt0001493152-26-043486
45 reports for BMNR
Performance horizon
56% Hit rate @ T+20 5 of 9 directional calls Went positive at some point 6 of 10 best @ T+60▲ +71.90%Jul 6, 2026
Filters
Rows
Reports for BMNR — sortable, filterable
TypeNow
Oct 26, 2026
1d ago
8-K
NEUTRAL ★ 4/10
$21.81awaiting T+20—$21.16 (−3.00%)
Oct 21, 2026
5d ago
Institutional Cluster
BULLISH ★ 4/10
$22.50awaiting T+20—$21.16 (−5.98%)
Oct 19, 2026
8d ago
8-K
NEUTRAL ★ 4/10
$21.57awaiting T+20—$21.16 (−1.92%)
Oct 13, 2026
14d ago
8-K
NEUTRAL ★ 4/10
$23.49awaiting T+20—$21.16 (−9.94%)
Oct 7, 2026
20d ago
8-K
NEUTRAL ★ 4/10
$24.66awaiting T+20—$21.16 (−14.21%)
Oct 5, 2026
22d ago
8-K
NEUTRAL ★ 4/10
$26.79awaiting T+20—$21.16 (−21.03%)
Sep 30, 2026
27d ago
8-K
NEUTRAL ★ 2/10
$26.43awaiting T+20—$21.16 (−19.96%)
Sep 28, 2026
29d ago
8-K
BULLISH ★ 6/10
$26.84 $21.34▼ −20.51%▼ −20.48%$21.16 (−21.18%)
Sep 22, 2026
4w ago
Institutional Cluster
BULLISH ★ 4/10
$28.76 $22.82▼ −20.65%▼ −20.09%$21.16 (−26.44%)
Sep 21, 2026
5w ago
8-K
NEUTRAL ★ 4/10
$28.25 $21.57▼ −23.65%▼ −22.74%$21.16 (−25.12%)
Showing 10 of 45

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Report published Sep 21, 2026