Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) today reported crypto, cash and “moonshot” holdings totaling $11.5 billion and updated its Ethereum and staking positions.
As of March 15, 2026 (7:00 pm ET), Bitmine’s reported crypto holdings included 4,595,562 ETH (valued at $2,185 per ETH), 196 BTC, a $200 million stake in Beast Industries, and an $83 million stake in Eightco Holdings (NASDAQ: ORBS), together with total cash of $1.2 billion. Bitmine’s ETH holdings represent 3.81% of the circulating ETH supply (120.7 million ETH).
Chairman Thomas “Tom” Lee commented that recent geopolitical events have driven crypto outperformance versus equities and that investors often turn to growth-oriented exposures, including software and crypto. Bitmine noted increased ETH purchases in recent weeks—acquiring 60,999 ETH in the past week compared to recent weekly averages of 45k–50k ETH.
Strategic moves announced:
– Bitmine increased its investment in Eightco (ORBS) by $80 million. ORBS acquired a $50 million equity stake in OpenAI and a $25 million stake in Beast Industries. Bitmine highlighted ORBS as a publicly listed vehicle offering direct investor exposure to OpenAI ahead of its anticipated IPO.
– Bitmine acquired 5,000 ETH from the Ethereum Foundation to enable the Foundation to fund core operations without selling ETH on the open market.
Staking and MAVAN:
– Bitmine reported 3,040,515 ETH staked (valued at approximately $6.6 billion at $2,185/ETH). This is the largest single entity staking position reported by the Company.
– Bitmine cited a 7‑day yield of 2.81% for its staking operations (CESR administered by Quatrefoil is 2.79%). At scale, when fully staked through MAVAN and partners, Bitmine estimates ETH staking rewards could reach $272 million annually (using the 2.81% figure). Current annualized staking revenues are reported at $180 million.
– The Company is developing the Made-in-America Validator Network (MAVAN), a dedicated staking infrastructure intended to be deployed in Q1 2026, and is working with three staking providers in advance of the launch.
Portfolio and market position:
– Bitmine states it is the largest ETH treasury globally and the #1 Ethereum treasury and #2 global crypto treasury behind MicroStrategy (MSTR).
– Crypto + total cash + moonshot positions total $11.5 billion, which includes 4.596 million ETH, $1.2 billion cash, and other strategic holdings.
– Bitmine reported active institutional backing from investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and investor Thomas Lee.
– The Company’s stock has high trading liquidity: a five-day average daily dollar volume of $1.0 billion (as of March 13, 2026), ranking #105 among U.S. listed stocks by dollar volume.
Additional context and disclosures:
– Bitmine reiterated its strategy, “the alchemy of 5%,” targeting ETH as its primary treasury reserve asset and leveraging protocol-level activities such as staking and DeFi.
– The Chairman’s message, Fiscal Full Year 2025 earnings presentation and corporate materials are available on Bitmine’s investor relations site.
– The release contains forward-looking statements about ETH acquisition and staking goals, the value of Ethereum, the Company’s treasury strategy and MAVAN development. These statements involve risks and uncertainties, and actual results may differ materially. Investors should review Bitmine’s SEC filings for risk factors and additional information.
