Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) announced its crypto, cash and “moonshot” holdings total $11.0 billion as of March 22, 2026 (3:00pm ET).
Holdings and valuation
– 4,660,903 ETH valued at $2,072 per ETH
– 196 BTC
– $200 million stake in Beast Industries
– $95 million stake in Eightco Holdings (NASDAQ: ORBS)
– Total cash: $1.1 billion
– Bitmine’s ETH equals 3.86% of the 120.7 million ETH supply
Staking and MAVAN
– Total staked ETH: 3,142,643 (valued at ~$6.5 billion at $2,072/ETH)
– Bitmine reports a 7‑day BMNR staking yield of 2.83% (annualized) vs. a CESR of 2.75%
– Annualized staking revenues are now $184 million; at scale (if all ETH is staked via MAVAN and partners) projected staking rewards are $272 million annually
– Bitmine is developing MAVAN (Made-in-America VAlidator Network) as a dedicated staking infrastructure, targeted for deployment in early 2026; the company is working with three staking providers
Strategic position and market context
– Bitmine is the largest ETH treasury globally and the #2 crypto treasury overall (behind Strategy Inc. (MSTR) for BTC)
– The company says it has reached over 77% of its “Alchemy of 5%” ETH accumulation goal in eight months
– Bitmine emphasizes ETH’s recent outperformance versus equities and gold in the context of geopolitical events
– Prediction markets (e.g., Polymarket) show ~68% probability that the Clarity Act will be signed into law in 2026, which Bitmine cites as a positive catalyst for ETH
Market and investor interest
– Bitmine stock has averaged $1.2 billion in daily trading volume (5‑day average as of March 20, 2026), ranking #101 among U.S. stocks by dollar volume
– The company notes institutional support from investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Tom Lee
Corporate materials and contact
– Chairman’s message, fiscal FY2025 earnings presentation and investor materials are available on Bitmine’s investor relations site
– Bitmine will launch MAVAN in Q1 2026 and continues to pursue its Ethereum treasury strategy focused on staking and DeFi participation
Forward‑looking statements
– This release contains forward‑looking statements regarding ETH acquisition, staking, MAVAN deployment, future revenues and the long‑term value of digital assets. Actual results may differ materially due to risks including technology, market, financing and regulatory factors. Refer to Bitmine’s SEC filings (including the Form 10‑K) for risk details.