Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) reported total crypto, cash and strategic holdings of $11.5 billion and provided an update on its Ethereum and staking positions. The company released figures as of March 15, 2026 (7:00 p.m. ET).
Holdings snapshot
– Ethereum: 4,595,562 ETH (valued at $2,185 per ETH). Bitmine’s ETH represents roughly 3.81% of the circulating supply (120.7 million ETH).
– Staked ETH: 3,040,515 ETH (approximately $6.6 billion at $2,185/ETH).
– Bitcoin: 196 BTC.
– Strategic equity: $200 million stake in Beast Industries and an $83 million position in Eightco Holdings (NASDAQ: ORBS).
– Cash: $1.2 billion on hand.
– Aggregate: crypto plus cash and moonshot investments total $11.5 billion.
Recent buying and trades
– Bitmine has increased ETH purchases in recent weeks. In the most recent week the company acquired 60,999 ETH versus its recent weekly average of about 45,000–50,000 ETH.
– The company purchased 5,000 ETH directly from the Ethereum Foundation to help the Foundation fund core operations without selling ETH into the open market.
Strategic moves
– Bitmine expanded its position in Eightco (ORBS) with an additional $80 million investment. ORBS has itself taken positions in AI-related assets, including a reported $50 million equity stake in OpenAI and a $25 million stake in Beast Industries; Bitmine highlighted ORBS as a publicly listed way for investors to gain direct exposure to OpenAI ahead of a potential IPO.
Staking performance and MAVAN
– Bitmine reported a seven-day staking yield of 2.81%. The CESR administered by Quatrefoil is cited at 2.79%.
– Using the 2.81% figure, Bitmine estimates full-scale ETH staking rewards could reach roughly $272 million annually; current annualized staking revenues are reported at about $180 million.
– Bitmine is building the Made-in-America Validator Network (MAVAN), a dedicated staking infrastructure planned for deployment in Q1 2026. The company is coordinating with three staking providers ahead of launch.
Market position and liquidity
– Bitmine states it operates the largest ETH treasury worldwide and the largest publicly disclosed Ethereum treasury. It ranks as the #2 global crypto treasury by reported assets behind MicroStrategy (MSTR).
– The company reports active institutional support from investors and firms including ARK Invest (Cathie Wood), MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and investor Thomas Lee.
– Bitmine’s shares show high trading liquidity, with a five-day average daily dollar volume of $1.0 billion as of March 13, 2026, placing it near #105 among U.S. listed stocks by dollar volume.
Strategy and disclosures
– Bitmine reiterated its treasury approach, described as the alchemy of 5%, which prioritizes ETH as the primary reserve asset while leveraging protocol-level revenue opportunities such as staking and DeFi.
– The company’s chairman commentary, Fiscal 2025 earnings presentation and additional corporate materials are posted on Bitmine’s investor relations site.
– The release contains forward-looking statements about ETH acquisitions, staking goals, the value of Ethereum, MAVAN development and other plans. These statements involve risks and uncertainties that may cause actual outcomes to differ materially. Investors are advised to review Bitmine’s SEC filings for risk factors and further details.