Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, announced crypto + total cash + “moonshots” holdings totaling $10.7 billion.
As of March 29, 2026 at 6:00pm ET, Bitmine’s crypto holdings comprised 4,732,082 ETH (priced at $2,005 per ETH), 197 BTC, a $200 million stake in Beast Industries, a $102 million stake in Eightco Holdings (NASDAQ: ORBS), and total cash of $961 million. Bitmine’s ETH holdings represent 3.92% of the total ETH supply (120.7 million ETH).
Thomas “Tom” Lee, Chairman of Bitmine, commented on market dynamics, noting that amid the Iran war, ETH and crypto outperformed the broader market, with ETH outperforming equities by 1,160 basis points while gold underperformed by over 750 basis points. Lee highlighted an increasing inverse correlation between crypto (and equities) and oil, saying rising oil is a headwind for equities and crypto and that the crypto winter may end when upside oil risk peaks.
Bitmine maintained an increased pace of ETH purchases over the past four weeks, acquiring 71,179 ETH in the most recent week compared to a prior weekly average of 45k–50k ETH.
The company announced the official launch of MAVAN (Made in America VAlidator Network), an institutional-grade staking platform initially developed for Bitmine’s treasury that will expand to serve institutional investors, custodians, and ecosystem partners. A portion of Bitmine’s ETH is already staked on MAVAN.
As of March 29, 2026, Bitmine’s total staked ETH stood at 3,142,643 (valued at $6.3 billion at $2,005 per ETH). When fully staked by MAVAN and its staking partners, Bitmine estimates ETH staking rewards of $266 million annually based on a 2.80% 7-day BMNR yield. Current annualized staking revenues are $177 million. The Composite Ethereum Staking Rate (CESR) administered by Quatrefoil is 2.79%, while Bitmine’s staking operations generated a 7-day yield of 2.80% (annualized). The 3.1 million staked ETH represents about 66% of Bitmine’s 4.7 million ETH holdings.
Bitmine’s crypto treasury ranks as the #1 Ethereum treasury and the #2 global crypto treasury behind MicroStrategy, which holds 762,099 BTC. Bitmine remains the largest ETH treasury in the world.
Bitmine also holds $102 million of ORBS, described as one of the only publicly listed equities providing investors direct exposure to OpenAI, and a $200 million stake in Beast Industries. The company says its crypto + total cash + “moonshots” sum to $10.7 billion.
Bitmine is among the most widely traded US stocks, with an average daily dollar volume of $920 million (5-day average as of March 27, 2026), ranking #100 in the US by liquidity among 5,704 US-listed stocks.
Institutional investors supporting Bitmine include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas “Tom” Lee. Bitmine follows a strategy it calls the “alchemy of 5%,” targeting ETH as its primary treasury reserve asset while leveraging staking and DeFi mechanisms.
The Chairman’s message is available at https://www.Bitminetech.io/chairmans-message. The Fiscal Full Year 2025 earnings presentation and corporate presentation are at https://Bitminetech.io/investor-relations/. To stay informed, sign up at https://Bitminetech.io/contact-us/.
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with U.S. operations deploying excess capital to build the leading Ethereum treasury globally and implementing a digital asset strategy for institutional and public market participants. The company launched MAVAN (Made-in America VAlidator Network) in 2026.
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Forward-Looking Statements
This press release contains forward-looking statements regarding Bitmine’s goals for ETH acquisition and staking, the long-term value of Ethereum, and the benefits of the company’s Ethereum treasury strategy. Actual results may differ materially due to risks and uncertainties, including Bitmine’s ability to keep pace with technology, finance operations, compete effectively, and future cryptocurrency values. See the Risk Factors in Bitmine’s Form 10-K filed with the SEC on November 21, 2025, and other SEC filings at www.sec.gov. Bitmine undertakes no obligation to update forward-looking statements except as required by law.
