Bitmine Immersion Technologies, Inc. announced crypto, cash, and strategic investments totaling approximately $11.4 billion and confirmed approval to uplist from the NYSE American to the New York Stock Exchange. Bitmine common stock will stop trading on the NYSE American after market close on April 8, 2026, and will begin trading on the NYSE under the ticker BMNR at the open on April 9, 2026.
Holdings and valuation (as of April 5, 2026, 8:30pm ET):
– 4,803,334 ETH valued at $2,123 per ETH (Coinbase pricing)
– 198 Bitcoin (BTC)
– $200 million stake in Beast Industries
– $92 million stake in Eightco Holdings (NASDAQ: ORBS)
– Total cash: $864 million
These holdings represent about 3.98% of the outstanding ETH supply (120.7 million ETH) and bring Bitmine’s combined crypto, cash, and strategic stakes to roughly $11.4 billion.
Staking and MAVAN:
Bitmine launched MAVAN (Made in America Validator Network), an institutional-grade staking platform originally built to secure Bitmine’s Ethereum treasury and intended to extend services to institutional investors, custodians, and partners. A portion of the company’s ETH balance is already staked on MAVAN.
As of April 6, 2026, Bitmine reports total staked ETH of 3,334,637, worth about $7.1 billion at $2,123 per ETH. Reported staking metrics include:
– Bitmine 7-day staking yield (annualized): 2.78%
– Composite Ethereum Staking Rate (CESR, Quatrefoil): 2.74%
– Estimated annual ETH staking reward at scale (using 2.78% yield): $282 million
– Current annualized staking revenues: $196 million
Staked ETH accounts for roughly 69% of Bitmine’s 4.8 million ETH position.
Market position and trading:
Bitmine positions itself as the largest public Ethereum treasury and the second-largest global crypto treasury after MicroStrategy (NASDAQ: MSTR), which holds 762,099 BTC. The company is also among the most actively traded U.S. stocks; Fundstrat data cited average daily dollar volume of $987 million (4-day average as of April 2, 2026), ranking Bitmine 96th out of 5,704 U.S.-listed equities.
Leadership commentary:
Chairman Thomas Lee highlighted geopolitical market drivers and said Ethereum has performed strongly since the onset of the Iran conflict, characterizing ETH as acting like a wartime store of value and outperforming gold and the S&P 500 in the referenced period. Lee noted Bitmine accelerated ETH purchases over the prior four weeks and acquired 71,252 ETH in the most recent week, the highest weekly pace since the week of December 22, 2025. He pointed to two structural tailwinds for Ethereum: institutional tokenization on Wall Street and growing AI demand for public, neutral blockchains.
Institutional support:
Bitmine counts institutional backers and supporters such as ARK Invest (Cathie Wood), MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, Digital Currency Group, Galaxy Digital, and personal investor Thomas Lee. The company has stated a broader goal of acquiring up to 5% of ETH supply.
Additional resources:
– Chairman’s message: https://www.Bitminetech.io/chairmans-message
– Fiscal 2025 earnings and investor presentation: https://Bitminetech.io/investor-relations/
– Contact and sign-up: https://Bitminetech.io/contact-us/
– Follow Bitmine on X: https://x.com/bitmnr
About Bitmine:
Bitmine (formerly listed on NYSE American under BMNR) is a U.S.-based digital asset company that combines Bitcoin mining operations with an emerging Ethereum treasury strategy. The firm deploys excess capital into ETH reserves, staking via MAVAN, and protocol-level activities intended to serve institutional and public market participants. Bitmine describes its approach as an “alchemy of 5%” focused on building a meaningful ETH position and related services.
Forward-looking statements:
This release includes forward-looking statements about Bitmine’s plans for ETH acquisition and staking, the future value of Ethereum, and the growth of the company’s Ethereum treasury strategy. Actual results may differ materially due to risks such as market and technological changes, financing availability, competition, and changes in the value of Bitcoin and Ethereum. See Bitmine’s Form 10-K filed with the SEC on November 21, 2025, and other SEC filings for additional risk factors. Bitmine assumes no obligation to update forward-looking statements except as required by law.