LAS VEGAS, March 2, 2026 — Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) reported combined crypto, cash and strategic “moonshot” assets totaling $9.9 billion.
As of March 1, 2026 at 2:00 p.m. ET, Bitmine’s holdings comprised 4,473,587 ETH (priced at $1,976 per ETH), 195 BTC, a $200 million equity stake in Beast Industries, a $14 million stake in Eightco Holdings (ORBS), and $868 million in cash. The Company’s ETH position equals roughly 3.71% of the 120.7 million ETH circulating supply. Bitmine said it has reached more than 74% of its stated “Alchemy of 5%” target in eight months.
Of the ETH balance, 3,040,483 ETH are currently staked (approximately $6.0 billion at $1,976 per ETH). Chairman Thomas “Tom” Lee said Bitmine added 50,928 ETH in the prior week and continues to view market pullbacks as buying opportunities given Ethereum’s utility. The Company emphasized ongoing work to optimize yield from its ETH treasury.
Bitmine’s staking produced a 7-day yield of 2.86% (annualized), versus a Composite Ethereum Staking Rate (CESR) of 2.83% per Quatrefoil. Based on current staking activity, Bitmine estimates annualized staking revenue of $172 million. At scale—when the Company’s ETH is fully staked through its MAVAN staking solution and partners—annual rewards are estimated at $253 million using a 2.86% yield assumption. MAVAN (Made-in-America VAlidator Network), a dedicated staking infrastructure, is targeted for deployment in early 2026 and is being developed with three staking providers.
Bitmine is the world’s largest ETH treasury and the second-largest crypto treasury overall, behind Strategy Inc. (MSTR), which holds 717,722 BTC valued at about $47 billion. The Company highlighted strong liquidity for BMNR shares, reporting a 5-day average daily dollar volume of $0.8 billion (ranked #145 among U.S.-listed names as of Feb. 27, 2026).
Bitmine’s shareholder and institutional supporters include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and investor Thomas “Tom” Lee. The Company noted that regulatory and macro developments influence markets but reaffirmed its commitment to ETH accumulation and staking.
Additional materials, the Chairman’s message and FY2025 investor information are available on Bitmine’s investor relations site. Forward-looking statements in this release are subject to risks and uncertainties described in Bitmine’s SEC filings.