NORWALK, Conn., April 13, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Bitcoin and Ethereum network company focused on long-term crypto accumulation, disclosed its treasury composition and operational updates, reporting total crypto, cash and equity ‘moonshot’ holdings of $11.8 billion.
Holdings and balance sheet
– Ethereum: 4,874,858 ETH valued at $2,206 per ETH (approximately 4.04% of the 120.7 million ETH supply)
– Bitcoin: 198 BTC
– Equity ‘moonshots’: $200 million stake in Beast Industries; $85 million stake in Eightco Holdings (NASDAQ: ORBS)
– Cash: $719 million
– Total crypto + cash + moonshots: $11.8 billion
Corporate and market developments
– Bitmine completed an uplisting to the New York Stock Exchange from NYSE American, effective April 9, 2026, and continues to trade under the ticker BMNR.
– The company reports it is roughly 81% of the way to its targeted 5% ETH treasury allocation within about nine months of starting the program.
– Bitmine is among the most actively traded U.S. equities, averaging $747 million in daily dollar volume (5-day average as of April 10, 2026), ranking #117 nationwide.
Staking, MAVAN and yields
– Bitmine launched MAVAN (Made-in-America Validator Network), an institutional-grade Ethereum staking platform initially built to service the company’s treasury and intended for expansion to institutional customers, custodians and partners.
– As of April 13, 2026, Bitmine has 3,334,637 ETH staked, approximately 68% of its ETH holdings, valued at about $7.4 billion at $2,206 per ETH.
– Using a 7-day BMNR staking yield of 2.89% (annualized), Bitmine projects staking rewards of roughly $310 million per year at scale; current annualized staking revenues are reported at $212 million.
– The Composite Ethereum Staking Rate (CESR) is 2.73%, versus Bitmine’s 7-day staking yield of 2.89%.
Operational commentary
Chairman Thomas Lee highlighted macro and strategic drivers for the company’s accumulation pace, noting geopolitical developments have been a material market influence. Since the start of the Iran war, Bitmine says ETH has been the best-performing asset with a 17.4% gain, outperforming the S&P 500 by 1,830 basis points and outperforming gold by 2,743 basis points. Lee also pointed to dual tailwinds for Ethereum: increased tokenization activity by Wall Street and growing demand from agentic AI systems for public, neutral blockchain infrastructure. Bitmine has accelerated ETH purchases over the past four weeks and acquired 71,524 ETH in the most recent week, its largest weekly buy since the week of December 22, 2025.
Positioning and partners
– Bitmine reports it holds the largest corporate ETH treasury globally and ranks as the #2 crypto treasury by market value behind Strategy Inc. (NASDAQ: MSTR).
– The company cites support from institutional and notable investors, including ARK Invest, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, MOZAYYX and chairman Thomas Lee, in advancing its 5% ETH accumulation objective.
Investor resources and forward-looking statements
Investor materials, the chairman’s message and fiscal presentations are available at bitminetech.io. Interested parties can sign up via Bitmine’s contact page for updates.
This release contains forward-looking statements about ETH accumulation goals, staking revenue forecasts, MAVAN expansion, potential share repurchases and other plans. These statements are subject to risks and uncertainties, including market volatility, regulatory changes and competitive dynamics, as described in Bitmine’s SEC filings. Actual results may differ materially; the company does not undertake an obligation to update forward-looking statements except as required by law.