LAS VEGAS, March 23, 2026 — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, announced crypto + total cash + “moonshots” holdings totaling $11.0 billion.
Holdings and valuation (as of March 22, 2026, 3:00pm ET)
– 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 holdings represent 3.86% of the ETH supply (120.7 million ETH).
Staking and MAVAN
– Total staked ETH: 3,142,643 (valued at $6.5 billion at $2,072 per ETH)
– Staked ETH is ~67% of Bitmine’s ETH holdings.
– Bitmine reports a 7‑day staking yield of 2.83% (annualized) versus a Composite Ethereum Staking Rate (CESR) of 2.75% (per Quatrefoil).
– Annualized staking revenues are now $184 million. At scale, when fully staked via MAVAN and partners, ETH staking rewards are estimated at $272 million annually (using the 2.83% yield).
– MAVAN (Made-in-America VAlidator Network), Bitmine’s dedicated staking infrastructure, is on track for deployment in early 2026. Bitmine is currently working with three staking providers as it prepares MAVAN’s launch.
Strategic position and market context
– Bitmine is the largest public Ethereum treasury and the #2 global crypto treasury behind MicroStrategy (NASDAQ: MSTR), which holds 761,068 BTC.
– The company states it now owns 3.86% of ETH and is over 77% of the way toward its “Alchemy of 5%” target in eight months.
– Bitmine highlights strong trading liquidity in BMNR stock, with average daily dollar volume of $1.2 billion (5‑day average as of March 20, 2026), ranking #101 among U.S.-listed stocks.
– Institutional and notable investors supporting Bitmine include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Tom Lee.
Market commentary and catalysts
– Chairman Thomas “Tom” Lee noted ETH’s recent outperformance amid geopolitical volatility—citing ETH up 18% since the Iran war commenced and outpacing equities—while gold fell more than 15%.
– Bitmine cites political and regulatory developments as potential catalysts for ETH. Prediction markets (Polymarket) show greater than a 68% chance the Clarity Act will be signed into law in 2026, which Bitmine views as positive for Ethereum.
– The company characterizes recent market conditions as a “mini-crypto winter” nearing its final stages and has increased the pace of ETH acquisitions in recent weeks (acquiring 65,341 ETH in the most recent week versus a prior weekly average of 45k–50k).
Corporate materials and contacts
– The Chairman’s message, fiscal year 2025 earnings presentation and investor materials are available on Bitmine’s investor relations site.
– For updates and contact information, visit Bitmine’s website and follow X: @bitmnr.
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) operates U.S.-based Bitcoin mining and is executing an institutional digital asset strategy centered on Ethereum as its primary treasury reserve asset. The company leverages protocol-level activities including staking and DeFi, and plans to launch MAVAN to support its staking operations.
Forward-looking statements
This release contains forward-looking statements about Bitmine’s plans to acquire and stake ETH, expected benefits of MAVAN, anticipated regulatory outcomes, projected staking rewards and future financial performance. These statements involve risks and uncertainties, and actual results may differ materially. Factors include technological change, financing ability, competition, market prices for crypto assets and other risks described in Bitmine’s SEC filings. Bitmine undertakes no obligation to update forward-looking statements except as required by law.
