Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) reported total crypto, cash and strategic investments of $9.9 billion.
As of March 1, 2026 at 2:00 pm ET, Bitmine’s reported holdings include 4,473,587 ETH (valued at $1,976 per ETH), 195 BTC, a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings (NASDAQ: ORBS), and $868 million in cash. The company’s ETH position represents about 3.71% of the total ETH supply (120.7 million ETH).
Of the ETH holdings, 3,040,483 ETH are currently staked, representing roughly $6.0 billion at the stated ETH price. Bitmine said it purchased 50,928 ETH in the prior week as part of ongoing accumulation, noting the company views recent price weakness as a buying opportunity given Ethereum’s strengthening fundamentals and long-term role in finance.
At scale, if Bitmine’s ETH is fully staked through its MAVAN (Made in America VAlidator Network) and staking partners, the company projects staking rewards of approximately $253 million annually based on a 2.86% 7-day BMNR yield. Bitmine’s current annualized staking revenues are reported at $172 million. The company’s 7-day staking yield is 2.86% compared with the Composite Ethereum Staking Rate (CESR) administered by Quatrefoil at 2.83%.
Bitmine is advancing its MAVAN staking solution for deployment in early 2026 and is working with three staking providers to operationalize the network.
With its ETH holdings, Bitmine says it is the largest Ethereum treasury globally and the #2 crypto treasury overall, behind Strategy Inc. (NASDAQ: MSTR), which holds 717,722 BTC. Bitmine also highlighted market liquidity metrics, reporting an average daily dollar trading volume of $0.8 billion (5-day average as of February 27, 2026), ranking the company #145 among U.S.-listed stocks by that measure.
Chairman Thomas “Tom” Lee commented that the company is methodically executing its Ethereum treasury strategy through what it describes as a late-stage mini crypto winter, continuing to acquire ETH and optimize yield while monitoring geopolitical and market developments.
Bitmine emphasized institutional and strategic backing from investors including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Chairman Tom Lee. The company reiterated its longer-term objective, referred to internally as the “alchemy of 5%,” to acquire up to 5% of the ETH supply.
The Chairman’s message, the Fiscal Full Year 2025 earnings presentation and the corporate presentation are available on Bitmine’s investor relations website. Investors and interested parties can sign up on Bitmine’s contact page and follow the company on X for updates.
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner that is deploying excess capital to build an Ethereum-focused treasury. The company’s strategy centers on holding ETH as its primary reserve asset and participating in protocol-level activities such as staking and decentralized finance. Bitmine plans to launch MAVAN in Q1 2026.
Forward-Looking Statements
This release contains forward-looking statements that involve risks and uncertainties, including statements about future ETH acquisitions, staking progress, expected staking yields and the growth of Bitmine’s Ethereum treasury strategy. Actual results may differ materially due to factors outside the company’s control, including technological change, financing, competition and crypto asset price fluctuations. See the Risk Factors in Bitmine’s Form 10-K and other SEC filings for additional information. Bitmine does not undertake any obligation to update forward-looking statements except as required by law.