Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) reports a total portfolio of crypto, cash and strategic investments valued at $11.0 billion as of March 22, 2026 (3:00 pm ET).
Holdings summary
– Ethereum: 4,660,903 ETH, valued at $2,072 per ETH
– Bitcoin: 196 BTC
– Equity stakes: $200 million in Beast Industries; $95 million in Eightco Holdings (NASDAQ: ORBS)
– Cash and cash equivalents: $1.1 billion
– Bitmine’s ETH position represents approximately 3.86% of the 120.7 million ETH supply.
Staking, revenue and MAVAN
– Total staked ETH: 3,142,643 (valued at roughly $6.5 billion at $2,072/ETH)
– Reported 7-day BMNR staking yield: 2.83% (annualized), versus a CESR benchmark of 2.75%
– Current annualized staking revenues: $184 million; projected annual staking rewards at scale (if all ETH is staked via MAVAN and partners): $272 million
– Bitmine is building MAVAN (Made-in-America Validator Network), a dedicated staking infrastructure. MAVAN is targeted for deployment in Q1 2026 and will be operated with three staking providers.
Strategic position and market context
– Bitmine says it is the largest Ethereum treasury in the world and ranks as the #2 crypto treasury overall (behind Strategy Inc. (MSTR) for BTC exposure).
– The company has achieved more than 77% of its “Alchemy of 5%” ETH accumulation target in eight months.
– Bitmine highlights ETH’s recent relative performance versus equities and gold amid geopolitical developments and cites prediction markets (e.g., Polymarket) indicating about a 68% probability that the Clarity Act will be signed into law in 2026, which the company views as a potential positive catalyst for ETH.
Market and investor engagement
– Bitmine’s common stock averaged $1.2 billion in daily trading volume (5‑day average as of March 20, 2026), placing it roughly #101 among U.S. stocks by dollar volume.
– The company notes institutional and prominent investor interest, naming supporters such as ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Tom Lee.
Investor materials and outlook
– The chairman’s message, fiscal 2025 earnings presentation and additional investor materials are available on Bitmine’s investor relations website.
– Bitmine reiterates its focus on growing and monetizing its Ethereum treasury through staking and DeFi participation and expects to launch MAVAN in early 2026.
Forward-looking statements
– This release contains forward-looking statements about ETH acquisitions, staking results, MAVAN deployment, future revenues and the long-term value of digital assets. Actual outcomes may differ materially because of risks including technology, market, financing and regulatory factors. See Bitmine’s SEC filings, including its Form 10‑K, for a detailed discussion of risks and uncertainties.