LAS VEGAS, March 16, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company focused on long-term crypto accumulation, announced crypto + total cash + “moonshots” holdings totaling $11.5 billion.
As of March 15, 2026 at 7:00pm ET, Bitmine’s crypto holdings comprised 4,595,562 ETH (4.596 million) valued at $2,185 per ETH, 196 BTC, a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS), and total cash of $1.2 billion. Bitmine’s ETH holdings equal 3.81% of the 120.7 million ETH supply.
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. Bitmine says ORBS is the only publicly listed equity providing direct investor exposure to OpenAI and is bringing ARK as a strategic advisor.
Bitmine acquired 5,000 ETH from the Ethereum Foundation to enable EF to fund core operations without selling ETH on the open market. Over the past week Bitmine acquired 60,999 ETH compared to a recent weekly average of 45k–50k ETH.
Staking and MAVAN
– Total staked ETH: 3,040,515 (valued at $6.6 billion at $2,185/ETH).
– Bitmine reports it has staked more ETH than any other single entity.
– Composite Ethereum Staking Rate (CESR) is 2.79%; Bitmine’s 7‑day staking yield was 2.81%. At scale, using a 2.81% yield, BITMINE estimates staking rewards of $272 million annually; current annualized staking revenues are $180 million.
– Bitmine is developing MAVAN (Made-in-America VAlidator Network), a dedicated staking infrastructure, targeted to deploy in Q1 2026, working with three staking providers.
Market position and liquidity
– Bitmine is the #1 Ethereum treasury and the #2 global crypto treasury behind MicroStrategy (MSTR).
– The company is among the most widely traded U.S. stocks, averaging $1.0 billion in daily dollar volume (5-day avg), ranking #105 in the U.S.
– Institutional and strategic backers include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Thomas “Tom” Lee.
Chairman’s remarks
Thomas “Tom” Lee, Chairman of Bitmine, highlighted recent crypto outperformance amid geopolitical events and emphasized Bitmine’s continued ETH accumulation and staking expansion as core to its treasury strategy.
Additional information
– The Chairman’s message, fiscal year 2025 earnings presentation, and corporate materials are available at Bitminetech.io/investor-relations.
– Follow Bitmine on X: @bitmnr.
Forward-Looking Statements
This release contains forward-looking statements about ETH acquisition and staking goals, future value of Ethereum, MAVAN launch timing, and related expectations. Actual results may differ materially. See Bitmine’s SEC filings, including the Form 10-K filed November 21, 2025, for risk factors and additional information. Bitmine undertakes no obligation to update forward-looking statements except as required by law.