Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) says its combined crypto, cash and venture holdings total $11.5 billion. The update, provided as of March 15, 2026 at 7:00 p.m. ET, details a large Ethereum position and expanded staking operations as the core of the company’s treasury strategy.
Holdings snapshot
– Ethereum: 4,595,562 ETH (about 4.596 million), valued at $2,185 per ETH. This represents roughly 3.81% of the 120.7 million ETH supply.
– Bitcoin: 196 BTC.
– Equity stakes: $200 million in Beast Industries and $83 million in Eightco Holdings (NASDAQ: ORBS).
– Cash: $1.2 billion on hand.
Overall, Bitmine reports total assets in crypto, cash and selected venture investments of $11.5 billion.
Recent transactions and equity moves
Bitmine boosted its position in Eightco (ORBS) by $80 million. The company says this increase supports ORBS’s equity actions, including a $50 million purchase of OpenAI shares and a $25 million investment into Beast Industries. Bitmine characterizes ORBS as a unique publicly listed vehicle providing direct investor exposure to OpenAI and notes ORBS is bringing ARK on board as a strategic advisor.
Separately, Bitmine purchased 5,000 ETH from the Ethereum Foundation to allow the Foundation to fund operations without selling ETH on the open market. Over the most recent week, Bitmine acquired 60,999 ETH, exceeding its more typical weekly pace of roughly 45k–50k ETH.
Staking and MAVAN
– Total staked ETH: 3,040,515, valued at about $6.6 billion using the $2,185 per-ETH valuation.
– Bitmine reports it has staked more ETH than any other single entity.
– The Composite Ethereum Staking Rate (CESR) is 2.79%; Bitmine’s seven-day staking yield was 2.81%. Using a 2.81% rate, Bitmine estimates annual staking rewards of approximately $272 million; current annualized staking revenues are reported at $180 million.
– To support its staking scale, Bitmine is developing MAVAN (Made-in-America VAlidator Network), a dedicated validator infrastructure aimed for deployment in Q1 2026 in partnership with three staking providers.
Market position and liquidity
Bitmine calls itself the largest public Ethereum treasury and the second-largest global crypto treasury behind MicroStrategy (MSTR). The company also reports heavy stock trading activity, averaging $1.0 billion in daily dollar volume (five-day average) and ranking #105 among U.S. stocks by that metric. Institutional and strategic backers cited include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Tom Lee.
Leadership comments
Chairman Thomas “Tom” Lee highlighted recent crypto market outperformance amid geopolitical developments and reiterated that continued ETH accumulation and expanded staking remain central to Bitmine’s treasury approach.
Additional information and disclosures
Corporate materials, the chairman’s message and the fiscal 2025 earnings presentation are available at Bitminetech.io/investor-relations. Follow the company on X: @bitmnr.
Forward-looking statements
The company’s release contains forward-looking statements about ETH acquisition and staking plans, expected values, MAVAN timing and related expectations. Actual results may differ materially; see Bitmine’s SEC filings, including the Form 10‑K filed November 21, 2025, for risk factors and further information. Bitmine disclaims any obligation to update forward-looking statements except as required by law.