---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-046088"
form_type: "8-K"
ticker: "BMNR"
cik: "0001829311"
company_name: "BITMINE IMMERSION TECHNOLOGIES, INC."
filed_at: "2026-10-07T12:46:55+00:00"
generated_at: "2026-10-12T15:58:47.437714+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bitmine's Tom Lee: crypto bull market underway; company holds ~6M ETH, near 5% supply target

## Summary
- Bitmine accumulated 6 million ETH over 15 months, largely during a bear market, and needs about 100,000 more ETH to hit its 5% ETH-supply target.
- Chairman Tom Lee says Bitcoin's Aug. 19, 2026 close above its 200-day moving average has flagged a bull market 8 of 9 times since 2012.
- Bitmine completed the largest crypto buyback ever: 21 million shares for $350 million, begun July 14 and finished Aug. 17, 2026.
- Series A preferred BMNP (9.56% yield) is up 24% from its $80 issue price while U.S. Treasuries fell 8%; Bitmine has outperformed ETH by over 50,000bp since inception.
- MAVAN staking platform manages $2B of third-party crypto and earns about $1M per day; Bitmine also holds stakes in Eightco, Beast Industries and Ethereum Foundation spin-offs.

## SEC filing metadata
- accession: 0001493152-26-046088
- form_type: 8-K
- ticker: BMNR
- cik: 0001829311
- company_name: BITMINE IMMERSION TECHNOLOGIES, INC.
- filed_at: 2026-10-07T12:46:55+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829311/000149315226046088/0001493152-26-046088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829311/000149315226046088/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046088
- JSON: https://secwatch.observer/filing/0001493152-26-046088.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.