NORWALK, Conn., April 6, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced crypto + total cash + “moonshots” holdings of $11.4 billion and that it has been approved to uplist from the NYSE American to the New York Stock Exchange, effective at the open of trading on April 9, 2026. The company’s common stock will continue to trade under the symbol “BMNR.”
As of April 5, 2026 at 8:30 pm ET, Bitmine’s crypto and related holdings include:
– 4,803,334 ETH valued at $2,123 per ETH (Coinbase price), representing 3.98% of the total ETH supply (120.7 million ETH);
– 198 Bitcoin (BTC);
– $200 million stake in Beast Industries;
– $92 million stake in Eightco Holdings (NASDAQ: ORBS);
– Total cash of $864 million.
Bitmine reported 3,334,637 ETH staked (approximately $7.1 billion at $2,123 per ETH) and launched MAVAN (Made in America VAlidator Network), an institutional-grade staking platform developed to support Bitmine’s Ethereum treasury and to serve institutional investors, custodians, and partners. A portion of Bitmine’s ETH is already staked on MAVAN.
Staking metrics and yields:
– Total staked ETH: 3,334,637 (≈69% of Bitmine’s 4.8M ETH);
– Bitmine’s 7‑day staking yield: 2.78% (annualized);
– Composite Ethereum Staking Rate (CESR, Quatrefoil): 2.74%;
– Annualized staking revenues currently $196 million;
– At scale (when all ETH is staked via MAVAN and partners), annual ETH staking rewards estimated at $282 million using a 2.78% yield.
Bitmine said its ETH accumulation pace has accelerated: in the most recent week it acquired 71,252 ETH, the highest weekly buy pace since the week of December 22, 2025. The company noted it now owns 3.98% of ETH and is over 79% of the way toward its “alchemy of 5%” target within nine months.
Market position and trading liquidity:
– Bitmine is the largest ETH treasury in the world and ranks #2 among global crypto treasuries behind Strategy Inc. (NASDAQ: MSTR), which holds 762,099 BTC (~$51 billion);
– BMNR is among the most actively traded U.S. stocks, averaging $987 million in daily dollar volume (recent multi-day average), ranking #96 by dollar volume among U.S.-listed stocks.
Support and strategy:
Bitmine is backed by institutional investors and notable market participants, including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and investor Thomas “Tom” Lee. The company emphasizes a strategy of deploying excess capital to build an institutional Ethereum treasury, leveraging staking and protocol-native activities, and targeting long-term ETH accumulation as a primary treasury reserve asset.
Chairman Thomas “Tom” Lee commented on macro drivers and ETH performance, noting ETH’s relative strength during current geopolitical tensions and citing dual tailwinds from Wall Street tokenization and growing demand from AI systems for public blockchains.
Corporate materials:
– Chairman’s message, fiscal 2025 earnings presentation and investor materials are available at Bitmine’s investor relations site.
– To receive updates, sign up via the company contact page.
About Bitmine:
Bitmine (NYSE: BMNR) is a U.S. Bitcoin miner and digital asset company deploying capital to build the world’s leading Ethereum treasury. The company focuses on ETH accumulation, staking, and decentralized finance strategies and launched MAVAN, a Made-in-America staking infrastructure, in 2026.
Forward-Looking Statements:
This release contains forward-looking statements about Bitmine’s goals for ETH acquisition and staking, long-term value of Ethereum, expected growth of the Ethereum treasury strategy, and related benefits. Actual results may differ materially due to risks and uncertainties, including technological, market, financing, competitive and regulatory factors. See Bitmine’s SEC filings, including the Form 10‑K filed November 21, 2025, for risk factors. Bitmine undertakes no obligation to update these statements except as required by law.