Bitmine Immersion Technologies, Inc. (NYSE: BMNR) reported total crypto + cash + “moonshots” holdings of $13.1 billion as of May 3, 2026. The Company’s portfolio includes 5,180,131 ETH (priced at $2,336 per ETH), 200 BTC, a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS), and $700 million in cash. Bitmine’s ETH position represents 4.29% of the estimated 120.7 million ETH supply.
The Company completed its uplisting to the New York Stock Exchange from the NYSE American effective April 9, 2026 and continues to trade under the ticker BMNR. Bitmine reported average daily dollar trading volume of $625 million (5-day average as of May 1, 2026), ranking #173 among 5,704 U.S.-listed stocks.
Bitmine has been accelerating ETH accumulation. In the most recent week reported, the Company acquired 101,745 ETH. As of May 3, 2026, Bitmine’s total staked ETH is 4,362,757, valued at approximately $10.2 billion at $2,336 per ETH. Bitmine notes that roughly 4.4 million ETH (over 84% of its 5.18 million ETH holdings) is already participating in staking operations. Using a 7-day BMNR staking yield of 2.91%, Bitmine projects annual staking rewards of $352 million at full scale; current annualized staking revenues are reported at $297 million.
The Company launched MAVAN (Made in America VAlidator Network), an institutional-grade Ethereum staking platform initially built to support Bitmine’s own treasury. MAVAN is intended to expand to serve institutional investors, custodians, and ecosystem partners with a focus on security, performance, and resilience.
Thomas “Tom” Lee, Chairman of Bitmine, commented on regulatory developments and market conditions, noting the U.S. Senate’s CLARITY Act compromise text and prediction market odds of passage in 2026. Lee characterized the current market phase as “Crypto Spring,” where prices strengthen while sentiment remains muted. He highlighted two structural tailwinds for Ethereum: Wall Street tokenization on-chain and growing demand from agentic AI systems for public, neutral blockchains. Lee also described ETH’s evolving role as both a store of value and a unit of exchange, citing ETH’s outperformance versus the S&P 500 by 1,380 basis points since the Iran War commenced.
Bitmine positions itself as the largest ETH treasury globally and the #2 digital-asset treasury overall behind Strategy Inc. (NASDAQ: MSTR). The Company says it is 86% of the way toward its “Alchemy of 5%” goal within ten months and continues deploying excess capital toward becoming the leading Ethereum treasury company. Bitmine’s investor base includes institutional supporters and notable investors such as ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas Lee.
Additional materials referenced by the Company include the Chairman’s message and the Fiscal Full Year 2025 Earnings presentation, available on Bitmine’s investor relations site. Bitmine also maintains an X (formerly Twitter) presence at x.com/bitmnr and x.com/fundstrat.
About Bitmine
Bitmine (NYSE: BMNR) is a U.S. bitcoin miner deploying excess capital to build an institutional-scale Ethereum treasury. Guided by the “alchemy of 5%” philosophy, the Company emphasizes ETH as its primary treasury reserve asset and leverages protocol-level activities including staking and decentralized finance. MAVAN was launched in 2026 to provide dedicated staking infrastructure.
Forward-Looking Statements
This release contains forward-looking statements about Bitmine’s goals, strategies, regulatory expectations, staking projections, and market outlook that involve risks and uncertainties. Actual results may differ materially due to factors including market volatility, regulatory developments, competitive pressures, execution of the Company’s strategies, and other risks detailed in Bitmine’s SEC filings, including its Form 10-K filed November 21, 2025. Bitmine undertakes no obligation to update these statements except as required by law.