NORWALK, Conn., May 26, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) today reported updated treasury and staking positions, confirming 5,390,404 ETH in its crypto treasury and total crypto + cash + strategic investments of $12.3 billion.
Key highlights
– ETH holdings: 5,390,404 ETH (reported using an ETH price of $2,134), representing approximately 4.47% of the current 120.7 million ETH supply. Bitmine says it is 89% of the way to its “alchemy of 5%” target and expects to reach 5% in 2026.
– Staked ETH: 4,712,917 ETH are currently staked, valued at $10.1 billion at $2,134 per ETH. Bitmine reports a 7-day staking yield of 2.75% (annualized), implying projected annual staking rewards of roughly $276 million when fully scaled.
– Total treasury value: $12.3 billion, which includes 5.39M ETH, 203 BTC, $444 million in cash, a $200 million stake in Beast Industries, and a $95 million stake in Eightco Holdings (NASDAQ: ORBS).
– Corporate milestone: Bitmine’s common stock uplisted from the NYSE American to the New York Stock Exchange effective April 9, 2026, continuing to trade under the ticker BMNR.
– Trading liquidity: Bitmine is among the most actively traded U.S. stocks, with average daily dollar volume of $572 million (5-day average), ranking #193 across U.S.-listed equities.
MAVAN staking platform
Bitmine launched MAVAN (Made in America VAlidator Network), an institutional-grade staking infrastructure originally built to support Bitmine’s own Ethereum treasury. MAVAN is positioned to serve institutional investors, custodians, and ecosystem partners with a focus on security, performance, and resilience. A portion of Bitmine’s ETH is already staked via MAVAN.
Chairman’s remarks
Thomas “Tom” Lee, Chairman of Bitmine, reiterated the company’s long-term view that Ethereum stands to benefit from increased Wall Street tokenization and growing demand from agentic AI systems for public, neutral blockchains. Lee noted that Bitmine continued to acquire ETH during recent price pullbacks and highlighted progress toward the company’s 5% treasury goal.
Institutional support
Bitmine notes backing from a group of institutional and prominent investors, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee.
About Bitmine
Bitmine (NYSE: BMNR) is a U.S.-based Bitcoin miner that is deploying excess capital to build one of the world’s largest Ethereum treasuries. The company’s strategy emphasizes ETH as a primary treasury reserve asset and leverages protocol-level activities including staking and decentralized finance. MAVAN was launched in 2026 to support Bitmine’s staking operations and to offer institutional-grade validator services.
Forward-looking statements
This release contains forward-looking statements regarding Bitmine’s goals, expectations for ETH acquisition and staking returns, and market and regulatory developments. Actual results may differ materially due to risks and uncertainties described in Bitmine’s SEC filings. Bitmine undertakes no obligation to update forward-looking statements except as required by law.