Bitmine Immersion Technologies, Inc. (NYSE: BMNR) reported combined crypto, cash, and strategic investments totaling $13.1 billion as of May 3, 2026. Its disclosed portfolio includes 5,180,131 ETH (valued at $2,336 per ETH), 200 BTC, a $200 million position in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS), and $700 million in cash. Bitmine’s ETH holding represents about 4.29% of the estimated 120.7 million ETH supply.
The company completed an uplisting to the New York Stock Exchange from NYSE American effective April 9, 2026, and continues trading under the ticker BMNR. Bitmine reported a five-day average daily dollar trading volume of $625 million as of May 1, 2026, ranking it #173 among 5,704 U.S.-listed stocks by dollar volume.
Bitmine said it has accelerated ETH accumulation, acquiring 101,745 ETH in the most recently reported week. As of May 3, 2026, the company had 4,362,757 ETH staked, worth roughly $10.2 billion at $2,336 per ETH. In total, approximately 4.4 million ETH—more than 84% of its 5.18 million ETH—are participating in staking operations. Using a seven-day BMNR staking yield of 2.91%, Bitmine projects annual staking rewards of $352 million at full scale; its current annualized staking revenues are reported at $297 million.
To support staking and institutional participation, Bitmine launched MAVAN (Made in America Validator Network), an institutional-grade Ethereum staking platform initially built for the company’s own treasury. MAVAN is designed to expand service to institutional investors, custodians, and ecosystem partners with an emphasis on security, performance, and resilience.
Chairman Thomas Lee commented on regulatory and market developments, citing the U.S. Senate’s CLARITY Act compromise text and prediction-market odds for its passage in 2026. Lee described the present market environment as a “Crypto Spring,” where prices strengthen even as sentiment remains muted. He pointed to two structural tailwinds for Ethereum: increasing tokenization of Wall Street assets on-chain and rising demand from agentic AI systems for public, neutral blockchains. Lee also framed ETH’s role as both a store of value and a medium of exchange, noting that ETH has outperformed the S&P 500 by 1,380 basis points since the Iran War began.
Bitmine positions itself as the largest ETH treasury globally and the second-largest digital-asset treasury overall, behind Strategy Inc. (NASDAQ: MSTR). The company says it is about 86% of the way toward its “Alchemy of 5%” goal within ten months and continues to deploy excess capital to build an institutional-scale Ethereum treasury. Bitmine’s investor base includes institutional backers and notable investors such as ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas Lee.
Additional materials, including the Chairman’s message and the Fiscal Year 2025 earnings presentation, are available on Bitmine’s investor relations site. The company also maintains a presence on X at x.com/bitmnr and x.com/fundstrat.
About Bitmine
Bitmine (NYSE: BMNR) is a U.S. bitcoin miner that reallocates excess capital to build an institutional-scale Ethereum treasury. Guided by the “alchemy of 5%” strategy, the company emphasizes ETH as its primary treasury reserve asset and engages in 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 objectives, strategies, regulatory expectations, staking projections, and market outlook that involve risks and uncertainties. Actual results may differ materially due to market volatility, regulatory changes, competitive pressures, execution risks, and other factors described in Bitmine’s SEC filings, including its Form 10-K filed November 21, 2025. Bitmine does not undertake any obligation to update forward-looking statements except as required by law.