NORWALK, Conn., April 13, 2026 /PRNewswire/ — (NYSE: 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 $11.8 billion and reported key updates to its treasury and business operations.
Key holdings and balance sheet
– ETH: 4,874,858 ETH at $2,206 per ETH (4.04% of the 120.7 million ETH supply)
– BTC: 198 Bitcoin
– Equity “moonshots”: $200 million stake in Beast Industries; $85 million stake in Eightco Holdings (NASDAQ: ORBS)
– Cash: $719 million
– Total crypto + cash + moonshots: $11.8 billion
Corporate and market developments
– Bitmine uplisted to the New York Stock Exchange (“NYSE”) from the NYSE American effective April 9, 2026; common stock continues to trade under the symbol “BMNR.”
– Bitmine is 81% of the way to its “Alchemy of 5%” ETH target in approximately nine months.
– Bitmine is among the most actively traded U.S. stocks, averaging $747 million in daily dollar volume (5-day average as of April 10, 2026), ranking #117 in the U.S.
Staking, MAVAN, and yields
– Bitmine launched MAVAN (Made-in-America Validator Network), an institutional-grade Ethereum staking platform initially developed to support the Company’s treasury and planned to expand for institutional customers, custodians, and partners.
– As of April 13, 2026, Bitmine has 3,334,637 ETH staked (about 68% of its total ETH holdings), valued at $7.4 billion at $2,206 per ETH.
– Using a 7-day BMNR yield of 2.89% (annualized), Bitmine projects staking rewards of $310 million annually at scale; current annualized staking revenues are reported at $212 million.
– The Composite Ethereum Staking Rate (CESR) is 2.73%, while Bitmine’s 7-day staking yield is 2.89%.
Operational commentary
Thomas “Tom” Lee, Chairman of Bitmine, commented on market drivers and strategy:
– “The Iran war enters its 7th week and this war remains the most important driver of global markets. ETH is now the best performing asset since the start of the war, with a 17.4% gain and outperforming the S&P 500 by 1,830 basis points. And we believe ETH beating gold by 2,743 basis points demonstrates ETH is the wartime store of value.”
– “Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains.”
– “Bitmine has maintained the increased pace of ETH buys in each of the past four weeks. In the past week, we acquired 71,524 ETH which is the highest pace of buys since the week of December 22, 2025.”
Positioning and peers
– Bitmine is the largest ETH treasury in the world and ranks as the #2 global crypto treasury behind Strategy Inc. (NASDAQ: MSTR) on a market-value basis.
– The Company cites support from institutional and prominent investors, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee, to advance its 5% ETH accumulation goal.
Investor resources
– Chairman’s message, fiscal year presentations, and investor relations materials are available at Bitmine’s website (bitminetech.io).
– To stay informed, sign up via Bitmine’s contact page.
Forward-looking statements
This release contains forward-looking statements regarding Bitmine’s ETH acquisition goals, staking revenue projections, market expectations, expansion of MAVAN, share repurchase program, and other future plans and beliefs. These statements involve risks and uncertainties, including market volatility, regulatory developments, competition, and other factors described in Bitmine’s SEC filings. Actual results may differ materially. Bitmine undertakes no obligation to update forward-looking statements except as required by law.