BitMine Immersion Technologies (BMNR)

Treasury Qualification

Treasury classificationDigital Asset Company with Corporate BTC

Qualification tierCore Directory

Directory statusIncluded

Ownership status212 company-owned BTC at September 20, 2026, 9 p.m. ET, disclosed September 21. ETH and staking quantities remain outside BTC fields. The nine-BTC increase lacks a complete disclosed transaction bridge; no purchase/sale allocation is inferred. BTC-specific encumbrance quantities remain undisclosed. The May financial snapshot is separately dated from September's treasury balance.

Strategic intent

BitMine operates a long-term digital-asset accumulation strategy centered primarily on Ethereum while retaining a separately reported corporate Bitcoin position. The company describes itself as a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment through treasury purchases, mining, staking, and capital-markets activity.

Bitcoin Treasury

Last verified attributable BTC212 BTC

Balance dateSeptember 20, 2026

Estimated value$16,909,544BTC price retrieved: October 27, 2026 at 08:17 UTC

Average purchase priceNot disclosed

Included in totals

Verified at the stated balance date

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported212

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateralNot separately disclosed

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted owned BTCNot separately disclosed

Latest Financial Results

Reporting period: Three months ended May 31, 2026

Revenue$46,535,000

Operating income/loss$-11,865,000

Net income/loss$-83,595,000

Cash$340,289,000

Management

Chief executive officer: Chi Tsang
Chief financial officer: Young Kim
Executive chair: Thomas Lee

Research Notes

BitMine reported 203 BTC as of May 31, 2026 alongside 5,416,901 ETH and other corporate assets. Although its present treasury strategy is primarily focused on Ethereum, the company continues to identify itself as a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment. The 203 BTC are reported as company holdings and are not customer or custodial assets. BitMine had no debt at February 28, 2026, but the May 31 holdings update did not provide a Bitcoin-specific encumbrance reconciliation, so current pledged and unencumbered fields remain unspecified. For the six months ended February 28, 2026, BitMine reported revenue of $13.335 million, operating loss of $9.311 billion, and net loss of $9.023 billion, primarily reflecting unrealized fair-value changes in digital assets. At February 28, total assets were $9.894 billion, total liabilities were $36.168 million, and cash and cash equivalents were $879.577 million. September 29, 2026 methodology and financial refresh: 212 company-owned BTC at September 20, 2026, 9 p.m. ET, disclosed September 21. ETH and staking quantities remain outside BTC fields. The nine-BTC increase lacks a complete disclosed transaction bridge; no purchase/sale allocation is inferred. BTC-specific encumbrance quantities remain undisclosed. The May financial snapshot is separately dated from September's treasury balance. USD, three months ended May 31, 2026 (Q3), replacing a six-month snapshot; not a like-for-like comparison. 'Total Revenue' 46,535,000; 'Loss from operations' -11,865,000; 'Net loss' -83,595,000 consolidated including noncontrolling interests. Cash 340,289,000; assets 11,630,253,000; liabilities 30,128,000 at May 31. CEO Chi Tsang corrects missing information. Young Kim retains CFO/COO roles; Thomas Lee retained. Financial source: https://www.sec.gov/Archives/edgar/data/1829311/000162828026048157/bmnr-20260531.htm (published July 14, 2026). Eligible historical/current evidence: https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-98-million-tokens-and-total-crypto-and-total-cash-holdings-of-17-1-billion-302884434.html (source date: September 21, 2026). Management evidence: https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-98-million-tokens-and-total-crypto-and-total-cash-holdings-of-17-1-billion-302884434.html. Historical notes above are preserved as dated history; earlier eligibility descriptions do not override this review. The existing last_verified date is unchanged and is not a blanket verification of unresolved fields.