Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) today reported crypto + total cash + “moonshots” holdings totaling $9.9 billion.
As of March 1, 2026 at 2:00pm ET, Bitmine’s crypto holdings include 4,473,587 ETH (priced at $1,976 per ETH), 195 BTC, a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings (NASDAQ: ORBS), and total cash of $868 million. Bitmine’s ETH holdings represent 3.71% of the total ETH supply (120.7 million ETH).
Bitmine has 3,040,483 staked ETH, representing approximately $6.0 billion at $1,976 per ETH. Chairman Thomas “Tom” Lee noted recent purchases and ongoing accumulation: “In the past week, we acquired 50,928 ETH. Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance.”
Bitmine said that at scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), ETH staking rewards could be $253 million annually (using a 2.86% 7-day BMNR yield). Bitmine’s current annualized staking revenues are $172 million. The Company reported its 7-day staking yield at 2.86% versus the Composite Ethereum Staking Rate (CESR) administered by Quatrefoil at 2.83%. Bitmine is advancing its staking solution, the Made in America VAlidator Network (MAVAN), targeted for deployment in early 2026 and currently working with three staking providers.
Bitmine remains the largest ETH treasury in the world and ranks as the #2 global crypto treasury behind Strategy Inc. (NASDAQ: MSTR), which holds 717,722 BTC. Bitmine also highlighted its market liquidity, reporting average daily dollar trading volume of $0.8 billion (5-day average as of February 27, 2026), ranking #145 among U.S.-listed stocks.
“We continue to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this ‘mini crypto winter,’” Lee said. “Geopolitical uncertainty has risen in the past few days, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings.”
Bitmine emphasized institutional support from investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee as it pursues its “alchemy of 5%” goal to acquire 5% of ETH supply.
The Chairman’s message, the Fiscal Full Year 2025 Earnings presentation and the corporate presentation are available on Bitmine’s investor relations site. To stay informed, sign up on Bitmine’s contact page and follow Bitmine on X.
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with U.S. operations deploying excess capital to build the leading Ethereum treasury. The company’s strategy focuses on ETH as its primary treasury reserve asset and leverages protocol-level activities including staking and decentralized finance mechanisms. Bitmine plans to launch MAVAN (Made-in America VAlidator Network) in Q1 2026.
Forward-Looking Statements
This release contains forward-looking statements that involve risks and uncertainties, including statements regarding ETH acquisition, staking progress, the value of Ethereum, growth of the Ethereum treasury strategy, and related benefits. Actual results may differ materially due to factors beyond Bitmine’s control, including technological change, financing ability, competition, and future crypto asset values. See the Risk Factors in Bitmine’s Form 10-K and other SEC filings for additional detail. Bitmine undertakes no obligation to update forward-looking statements except as required by law.
