LAS VEGAS, March 16, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine”) today announced crypto + total cash + “moonshots” holdings totaling $11.5 billion.
Holdings and composition (as of March 15, 2026, 7:00pm ET):
– 4,595,562 ETH (valued at $2,185 per ETH) — ~3.81% of the 120.7 million ETH supply.
– 196 BTC.
– $200 million stake in Beast Industries.
– $83 million stake in Eightco Holdings (NASDAQ: ORBS) plus recent incremental investment (see below).
– Total cash: $1.2 billion.
Bitmine describes its full portfolio as crypto + cash + “moonshots” totaling $11.5 billion.
Key developments and strategy:
– Bitmine increased its investment in existing “moonshot” Eightco (ORBS) by $80 million to support ORBS’s $50 million equity purchase in OpenAI and a $25 million stake in Beast Industries. The company notes ORBS is the only publicly listed equity offering direct investor exposure to OpenAI ahead of an anticipated 2026 IPO.
– Bitmine acquired 5,000 ETH from the Ethereum Foundation to enable EF to fund core operations without selling ETH on the open market.
– Bitmine’s “alchemy of 5%” target remains its strategic treasury goal; at ~3.81% of supply, Bitmine says it is over 76% of the way to 5% in about eight months.
Staking and MAVAN:
– Total staked ETH: 3,040,515 (valued at approximately $6.6 billion at $2,185/ETH).
– Bitmine states it has staked more ETH than any other entity and is progressing on its Made-in-America VAlidator Network (MAVAN), a dedicated staking infrastructure expected to deploy in early 2026 (Q1 2026). Bitmine is working with three staking providers to launch MAVAN.
– Staking yields and revenue guidance cited: a 7-day BMNR staking yield of 2.81% (CESR by Quatrefoil at 2.79%). At scale, Bitmine estimates ETH staking rewards of $272 million annually (using 2.81% yield). The company also cites current annualized staking revenues of $180 million.
Market position and liquidity:
– Bitmine claims the #1 Ethereum treasury and the #2 global crypto treasury (behind MicroStrategy, NASDAQ: MSTR). Bitmine remains the largest ETH treasury in the world.
– The company reports average daily dollar trading volume of $1.0 billion (5-day average as of March 13, 2026), ranking #105 among U.S.-listed stocks by dollar volume (Fundstrat / Statista data).
– Bitmine says it leads crypto treasury peers in velocity of raising crypto NAV per share and in BMNR stock trading liquidity.
Chairman commentary:
– Thomas “Tom” Lee, Chairman of Bitmine, commented on recent market moves and macro drivers, noting crypto’s short-term outperformance versus the S&P 500 amid geopolitical tensions and higher oil, and highlighting crypto’s correlation with software and growth stocks.
Institutional support:
– Bitmine notes continued backing from institutional and notable investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee.
Additional materials and disclosures:
– The Chairman’s message, fiscal full year 2025 earnings presentation, and corporate presentation are available on Bitmine’s investor relations site (bitminetech.io). Bitmine’s X (Twitter) accounts: @bitmnr, @fundstrat, @bmnrintern.
– Forward-looking statements: The release contains forward-looking statements regarding ETH acquisition and staking goals, MAVAN deployment, expected benefits, and other future outcomes subject to risks and uncertainties, including market conditions and Bitmine’s operational and financing capabilities. See Bitmine’s SEC filings, including Form 10-K (filed Nov. 21, 2025), for risk factors and additional disclosure. Bitmine undertakes no obligation to update forward-looking statements except as required by law.
