Bitmine has 3,040,515 ETH staked, representing $6.6 billion at $2,185 per ETH; MAVAN staking solution is on track to launch in Q1 2026
Bitmine now owns 3.81% of the ETH token supply, more than 76% of the way to ‘5% Alchemy’ in just 8 months.
Bitmine increased its investment in Eightco (ticker: $ORBS) by $80 million to support ORBS’s $50 million purchase of OpenAI shares.
ORBS is now the only publicly traded stock in the world that gives investors direct exposure to OpenAI.
Bitmine acquired 5000 ETH from the Ethereum Foundation (EF) to enable it to fund its core operations
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $11.5 billion, including 4.596 million ETH tokens, total cash of $1.2 billion, and other cryptocurrency holdings.
Bitmine leads its crypto treasury peers by both the speed of increase in crypto net asset value per share and the high trading liquidity of BMNR shares.
Bitmine is the 105th most traded stock in the US, trading $1.0 billion per day (5-day average)
Bitmine remains backed by a leading 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.
LAS VEGAS, March 16, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum networking company focused on accumulating cryptocurrencies for long-term investments, today announced Bitmine cryptocurrency holdings + total cash + “moonshots” totaling $11.5 billion.
As of March 15, 2026 at 7:00 pm ET, the Company’s cryptocurrency holdings are comprised of 4,595,562 ETH at $2,185 per ETH (NASDAQ: COIN), 196 Bitcoin (BTC), a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $1.2 billion. Bitmine’s ETH holdings represent 3.81% of the ETH supply (of 120.7 million ETH).
“Since the start of the Iran war, cryptocurrency prices have outperformed and Ethereum has outperformed the S&P 500 by 2,450 bps. This is a significant outperformance in just two weeks,” said Thomas “Tom” Lee, President of Bitmine.
“In our view, rising oil is raising concerns about a slowdown in growth for the global economy. And when investors worry about growth, they buy ‘growth stocks,’ including MAG7, software, and cryptocurrencies. As the chart below shows, cryptocurrencies move in tandem with software stocks.” Lee continued.
Last week, Bitmine also made two strategic moves. First, Bitmine increased its investment in the existing Eightco (ticker: $ORBS) by an additional $80 million (link here). ORBS acquired a $50 million equity stake in OpenAI and a $25 million equity stake in Beast Industries. “ORBS is now the only publicly traded security in the world offering investors direct exposure to OpenAI. OpenAI has a highly anticipated IPO in 2026 and investors can now gain direct exposure through ORBS. In addition, we see a lot of synergy between worldchain (proof of being human), the leading AI platform (OpenAI) and the world’s great content creator, Mr. Beast. Eightco is bringing in Cathie Wood’s ARK as a strategic advisor, further increasing the appeal of ORBS”.
Second, Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF, link here) allowing the Environmental Fund to finance its main operations. “Bitmine acquired ETH to demonstrate our support for EF’s goals and operations and allowed EF to raise capital without having to sell its ETH on the open market.”
“Bitmine has slightly increased the pace of ETH purchases in each of the last two weeks, as our base case is that ETH is in the final stages of ‘mini-crypto winter’. Last week, we acquired 60,999 ETH compared to an average of 45,000 to 50,000 weekly recently,” Lee said.
As of March 15, 2026, Bitmine’s total staked ETH stands at 3,040,515 ($6.6 billion at $2,185 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when MAVAN and its partners fully stake Bitmine’s ETH), the ETH staking rewards are $272 million annually (using a 7-day BMNR yield of 2.81%),” Lee said.
“Annualized staking revenue is now $180 million. And these 3.0 million ETH are approximately 66% of the 4.6 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, managed by Quatrefoil) is 2.79%, while Bitmine staking trades generated a 7-day return of 2.81% (annualized). We continue to advance our engagement solution known as The Made in America VAlidator Network (MAVAN). “This will be a ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early 2026. Bitmine is currently working with three staking providers as the Company moves towards the introduction of MAVAN in 2026,” Lee continued.
Cryptocurrency holding Bitmine reigns as the number one Ethereum treasury and the number two treasury globally, behind Strategy Inc. (NASDAQ: MSTR), which holds 738,731 BTC valued at $53 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the United States. According to Fundstrat data, the stock has traded average daily dollar volume of $1.0 billion (5-day average, as of March 13, 2026), ranking 105th in the US, behind Nike (104th) and ahead of Starbucks (106th) among 5,704 US-listed stocks (statistics.com and Fundstrat research).
The GENIUS Act and the Securities and Exchange Commission’s (the “SEC”) Project Crypto are as transformative for financial services in 2025 as the United States’ action on August 15, 1971 that ended 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 titans of Wall Street and today’s financial and payments avenues. These turned out to be better investments than gold.
The president’s message can be found here: https://www.Bitminetech.io/chairmans-message
The fiscal year 2025 results presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, register 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 world’s leading Ethereum treasury company, 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 decentralized and staking financial mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in the first quarter of 2026.
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Forward-looking statements
This press release contains statements that constitute “forward-looking statements.” Statements contained in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. This document specifically contains forward-looking statements regarding the progress and achievement of the Company’s objectives with respect to the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and advancement of the Company’s Ethereum treasury strategy and the benefits applicable to the Company. When evaluating these forward-looking statements, you should consider several factors, including Bitmine’s ability to keep up with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; 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 the 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 filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available on the SEC 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.
