Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion
MWN-AI** Summary
Bitmine Immersion Technologies (BMNR) announced significant growth in its cryptocurrency holdings, revealing that its Ethereum (ETH) stash has reached 4.803 million tokens, representing 3.98% of the total ETH supply. Currently valued at approximately $2,123 per ETH, these holdings contribute approximately $10.2 billion to the company’s total crypto and cash assets, which now amount to $11.4 billion. This figure includes additional cash reserves of $864 million and other cryptocurrency investments, including $92 million in ORBS and a $200 million stake in Beast Industries.
The firm has recently been approved for uplisting to the New York Stock Exchange (NYSE), transitioning from NYSE American on April 9, 2026. Trading under the same symbol "BMNR", this move is anticipated to enhance liquidity and visibility for investors. Bitmine is notably supported by prestigious institutional investors, including ARK's Cathie Wood and Bill Miller III, indicating substantial confidence in its direction.
Bitmine's staking strategy is evident, with 3.3 million ETH, or nearly 69% of its holdings, already staked through its newly launched institutional-grade staking platform, MAVAN (Made in America Validator Network). This venture not only reinforces Bitmine's stature as the largest ETH treasury globally but also positions it as a leader in Ethereum staking revenues.
Commenting on market conditions, Chairman Thomas "Tom" Lee emphasized Ethereum's resilience amidst geopolitical tensions, highlighting its 6.8% gain since the onset of the Iran conflict. He underscored Bitmine's commitment to increasing its ETH holdings and predicted that Ethereum would remain a pivotal asset for risk markets moving forward, projecting promising returns for investors.
MWN-AI** Analysis
Bitmine Immersion Technologies (BMNR) has made significant strides recently, announcing impressive Ethereum (ETH) holdings of approximately 4.803 million tokens, valued at about $7.1 billion. The company's total cash and crypto holdings amount to $11.4 billion, reinforcing its position as a leader in crypto treasuries. With a strategic focus on ETH accumulation and staking, Bitmine aims to become a dominant player in the Ethereum ecosystem.
One major highlight for investors is Bitmine's approval for uplisting to the New York Stock Exchange (NYSE), effective April 9, 2026. This shift is likely to enhance visibility and trading volume, as well as attract institutional interest — factors that can contribute to increased stock performance.
Bitmine's staking strategy, particularly through its Made in America Validator Network (MAVAN), positions it favorably to benefit from the ongoing rise in ETH prices and increased staking rewards. Currently, Bitmine’s 3.334 million staked ETH generates an annual revenue stream of approximately $196 million. As more ETH is staked, these earnings could grow substantially, making BMNR an attractive investment for those looking to capitalize on the increasing adoption of Ethereum.
Furthermore, the broader market context reveals Ethereum's resilience amidst geopolitical tensions, with ETH outperforming traditional assets like gold and equities. This performance amid crisis situations suggests growing investor confidence in ETH as a store of value, potentially enhancing demand for Bitmine’s holdings.
Investors should consider BMNR as a high-potential asset with broad institutional backing, solid cash reserves, and strong staking capabilities. However, they should remain cognizant of the inherent volatility within the crypto market and conduct thorough due diligence to mitigate associated risks. Overall, BMNR appears positioned for future growth in an evolving digital economy.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Bitmine has been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American effective at the opening of trading on April 9, 2026
Bitmine has 3,334,637 staked ETH, representing $7.1 billion at $2,123 per ETH
MAVAN (Made in America VAlidator Network) is the premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience
Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the 'Alchemy of 5%' in just 9 months
Bitmine owns $92 million of ORBS, now one of the only publicly listed equities in the world to give investors direct exposure to OpenAI
Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.4 billion, including 4.803 million ETH tokens, total cash of $864 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 96th most traded stock in the US, trading $987 million per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
NORWALK, Conn., April 6, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $11.4 billion.
Additionally, the company announced that it has been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American. As a result of the uplisting, the Company's common stock will cease trading on the NYSE American after market close on April 8, 2026, and will commence trading on the NYSE effective at the opening of trading on April 9, 2026. The Company's common stock will continue to trade under the symbol "BMNR".
As of April 5, 2026 at 8:30pm ET, the Company's crypto holdings are comprised of 4,803,334 ETH at $2,123 per ETH (Coinbase NASDAQ: COIN), 198 Bitcoin (BTC), $200 million stake in Beast Industries, $92 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $864 million. Bitmine's ETH holdings are 3.98% of the ETH supply (of 120.7 million ETH).
"The Iran war enters its 6th week and this war remains the most important driver of global markets. ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value. At the moment, this war exerts more influence on risk markets than global central banks," said Thomas "Tom" Lee, Chairman of Bitmine.
"The war has placed downward pressure on global markets, so it is impressive to see ETH as one of the few to rise on an absolute basis. This is a great harbinger, as we expect ETH leadership to strengthen investors and eventually take cash off the sidelines," continued Lee. "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, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025," stated Lee.
Bitmine announced the official launch of MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.
As of April 6, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.1 billion at $2,123 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking reward is $282 million annually (using 2.78% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now $196 million. And this 3.3 million ETH is about 69% of the 4.8 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.74%, while Bitmine's own staking operations generated a 7-day yield of 2.78% (annualized)," continued Lee.
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 762,099 BTC valued at $51 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $987 million (4-day average, as of April 2, 2026), ranking #96 in the US, behind Schlumberger (rank #95) and ahead of Adobe (rank #97) among 5,704 US-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and Securities and Exchange Commission's (the "SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SOURCE Bitmine Immersion Technologies, Inc.
FAQ**
How does Bitmine Immersion Technologies Inc. (BMNR) plan to utilize its substantial ETH holdings, which now exceed 4.8 million tokens, in light of its recent uptick in staking activities?
With Bitmine Immersion Technologies Inc. (BMNR) announcing a total crypto and cash holding of $11.4 billion, what strategies are in place to leverage this capital for future investments or technology advancements?
As Bitmine Immersion Technologies Inc. (BMNR) is set to uplist to the NYSE, how might this affect its market position and investor perception, especially given its unique focus on Ethereum treasury management?
What measures are Bitmine Immersion Technologies Inc. (BMNR) implementing to maintain its leadership in ETH holdings and staking revenues, especially amid the ongoing geopolitical tensions affecting global markets?
**MWN-AI FAQ is based on asking OpenAI questions about Eightco Holdings Inc. (NASDAQ: ORBS).
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