LAS VEGAS, March 16, 2026 — Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) disclosed today that its combined crypto holdings, cash and strategic “moonshot” investments total $11.5 billion as of March 15, 2026, 7:00 pm ET.
Holdings summary (March 15, 2026):
– 4,595,562 ETH valued at $2,185 per ETH (roughly 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 an $80 million incremental investment announced separately.
– Total cash on hand: $1.2 billion.
Bitmine characterizes its balance sheet as crypto + cash + moonshot investments totaling $11.5 billion.
Recent moves and strategy:
– Bitmine increased its commitment to Eightco (ORBS) by $80 million to help fund ORBS’s $50 million equity purchase in OpenAI and a $25 million position in Beast Industries. The company notes ORBS is the only publicly traded equity vehicle that provides direct investor exposure to OpenAI ahead of an anticipated 2026 IPO.
– Bitmine bought 5,000 ETH from the Ethereum Foundation to enable the Foundation to meet operating needs without selling ETH on the open market.
– The company reiterated its strategic treasury objective, an “alchemy of 5%” target for ETH holdings. At about 3.81% of supply, Bitmine says it has achieved more than three-quarters of that goal in roughly eight months.
Staking and MAVAN:
– Total staked ETH: 3,040,515, valued at approximately $6.6 billion (at $2,185/ETH).
– Bitmine reports it has staked more ETH than any other single entity and is advancing its Made-in-America VAlidator Network (MAVAN), a dedicated U.S.-focused staking infrastructure anticipated to deploy in early 2026 (Q1 2026). The company is collaborating with three staking providers to launch MAVAN.
– Staking yields and revenue guidance: a 7-day BMNR staking yield of 2.81% (CESR by Quatrefoil reported 2.79%). At scale, Bitmine estimates ETH staking rewards of $272 million annually using a 2.81% yield, and cites current annualized staking revenues of about $180 million.
Market position and liquidity:
– Bitmine claims the largest Ethereum treasury globally and the second-largest crypto treasury overall (behind MicroStrategy, NASDAQ: MSTR).
– The company reported an average daily dollar trading volume of $1.0 billion (5-day average as of March 13, 2026), which it says ranked #105 among U.S.-listed stocks by dollar volume (Fundstrat / Statista data).
– Bitmine says it leads crypto treasury peers in the rate of raising crypto NAV per share and in BMNR trading liquidity.
Chairman remarks and institutional support:
– Chairman Thomas ‘Tom’ Lee commented on recent market dynamics, noting crypto’s short-term outperformance versus the S&P 500 amid geopolitical tensions and higher oil prices, and highlighting crypto’s correlation with software and growth equities.
– Bitmine said it continues to receive backing from institutional and high-profile investors, including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee personally.
Additional materials and forward-looking statements:
– The Chairman’s message, fiscal 2025 full-year earnings presentation and corporate presentation are available on Bitmine’s investor relations site (bitminetech.io). Bitmine also maintains X (Twitter) accounts @bitmnr, @fundstrat and @bmnrintern.
– The release contains forward-looking statements about ETH acquisition and staking goals, MAVAN deployment, expected benefits and other future outcomes, all of which are subject to risks and uncertainties including market conditions and Bitmine’s operational and financing capabilities. See Bitmine’s SEC filings, including the Form 10-K filed Nov. 21, 2025, for additional risk factors. Bitmine does not undertake any obligation to update forward-looking statements except as required by law.