NORWALK, Conn., June 1, 2026 — Bitmine Immersion Technologies (NYSE: BMNR) today reported consolidated crypto, cash and strategic equity holdings totaling $11.6 billion and disclosed that its Ethereum treasury has reached roughly 5.42 million ETH.
Key highlights
– Total crypto + cash + moonshots: $11.6 billion. This includes 5,416,901 ETH (valued at $2,003 per ETH), 203 BTC, $180 million in Beast Industries, $93 million in Eightco Holdings, and $446 million in cash.
– ETH ownership and staking: Bitmine holds about 4.49% of the circulating ETH supply (120.7 million). Of the 5.42 million ETH, 4,718,677 ETH are staked, representing approximately $9.5 billion at $2,003 per ETH.
– Staking performance: Bitmine reports a 7-day staking yield of 2.73% (annualized). When fully staked through its MAVAN platform and partners, projected annualized staking rewards are estimated at $296 million; current annualized staking revenue is projected at $258 million.
– MAVAN: Bitmine launched MAVAN (Made in America VAlidator Network), an institutional-grade staking infrastructure initially built to support the company’s own Ethereum treasury and intended to serve institutional investors, custodians and ecosystem partners.
– Market position and liquidity: Bitmine claims the largest ETH treasury in the world and ranks as the #2 global crypto treasury behind an entity holding significant BTC. BMNR is among the most actively traded U.S. stocks, averaging $628 million in daily dollar volume (4-day average) and ranking roughly #225 by average daily trading volume.
– Strategic backing: Bitmine cites support from prominent institutional investors and industry participants as it pursues the firm’s goal of reaching a 5% ETH treasury allocation.
Chairman commentary
Thomas Lee, Chairman of Bitmine, said the company added 26,497 ETH during the most recent week and remains on track to reach the company’s stated “alchemy of 5%” goal in 2026. Lee emphasized that Bitmine views Ethereum as benefiting from dual secular tailwinds: Wall Street tokenization of financial assets and growing demand from agentic AI systems for public, neutral blockchains.
About Bitmine and strategy
Bitmine is a U.S.-based Bitcoin miner that has deployed excess capital toward building what it describes as the world’s leading Ethereum treasury. The company’s strategy focuses on ETH as a primary reserve asset, participating in native protocol activities such as staking and decentralized finance, and scaling institutional staking services through MAVAN.
Investor materials and contacts
Bitmine has published its chairman’s message and investor presentations through its investor relations channels. Investors are encouraged to consult official filings and the company’s SEC reports for full details and risk disclosures.
Forward-looking statements
This release contains forward-looking statements about Bitmine’s plans, projections and expectations, including targets for ETH accumulation, staking revenue projections, business expansion and market trends. Actual results may differ materially due to risks including market volatility, regulatory developments, technological changes, financing availability and other factors described in Bitmine’s SEC filings. Bitmine undertakes no obligation to update forward-looking statements except as required by law.