Bitmine has 3,040,515 ETH, representing $6.6 billion at $2,185 per ETH; MAVAN quota solution is on track for a Q1 2026 launch
Bitmine now owns 3.81% of the ETH token supply, more than 76% of the way to “5% alchemy” in just 8 months
Bitmine has increased its investment in Eightco (ticker: $ORBS) by $80 million to support ORBS’ $50 million purchase of OpenAI shares.
ORBS is now the only publicly listed stock in the world giving investors direct exposure to OpenAI
Bitmine acquires 5,000 ETH from the Ethereum Foundation (EF) to enable EF to fund its core operations
Bitmine Crypto + Total Cash Holdings + “Moonshots” totaling $11.5 billion, including 4.596 million ETH tokens, $1.2 billion total cash, and other cryptocurrency holdings
Bitmine outperforms its cryptocurrency treasury peers through the speed of raising its NAV per share and through the high trading liquidity of BMNR shares.
Bitmine is the 105th most actively 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 5% ETH
LAS VEGAS, March 16, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. announced… (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company with a focus on cryptocurrency accumulation for long-term investment, today announced Bitmine’s cryptocurrency + cash + “Moonshots” holdings totaling $11.5 billion.
As of March 15, 2026 at 7:00 PM ET, the Company’s cryptocurrency holdings consist of 4,595,562 Ethereum at $2,185 per ETH (NASDAQ: COIN), 196 Bitcoin (BTC), a $200 million stake in Beast Industries, a $83 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $1.2 billion. Bitmine’s holdings of ETH 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 basis points. This is a meaningful outperformance in just two weeks,” said Thomas “Tom” Lee, Chairman of Bitmine.
“In our view, rising oil raises concerns about slowing global economic growth. When investors are concerned about growth, they buy ‘growth stocks’ including MAG7, software and cryptocurrencies. As the chart below shows, cryptocurrencies move in tandem with software stocks.” Continue to me.
Last week, Bitmine also made two strategic moves. First, Bitmine increased its investment in existing “moonshot” Eightco (ticker: $ORBS) by an additional $80 million (Link here). ORBS acquired a $50 million stake in OpenAI and a $25 million stake in Beast Industries. “ORBS is now the only publicly listed stock in the world that gives investors direct exposure to OpenAI. OpenAI has a much-anticipated IPO in 2026 and investors can now get direct exposure via ORBS. Furthermore, we see a lot of synergy between Worldchain (human proof), the leading AI platform (OpenAI) and the world’s great content creator, Mr. Beast. Eightco is bringing on Cathie Wood’s ARK as a strategic advisor which increases the appeal of ORBS.”
Second, Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF, Link here) Enabling EF to finance its core operations. “Bitmine acquired ETH to demonstrate our support for EF’s goals and operations and enable EF to raise capital without having to sell its ETH on the open market.”
“Bitmine has slightly increased the pace of ETH buying in each of the past two weeks, as our base case is ETH in the final stages of the ‘mini-crypto winter.’ “Last week, we acquired 60,999 ETH compared to an average of 45,000 to 50,000 weekly recently,” Lee stated.
As of March 15, 2026, Bitmine’s total ETH pool stands at 3,040,515 ($6.6 billion at $2,185 per ETH). “Bitmine has bet more on ETH than other entities in the world. At scale (when MAVAN and its partners fully acquired Bitmine’s ETH stakes), the ETH staking rewards are $272 million per year (using a 2.81% 7-day BMNR return),” Lee stated.
“Annual staking revenue is now $180 million. These 3.0 million ETH represent about 66% of the 4.6 million ETH held by Bitmine. CESR (Ethereum Composite Hedging Rate, managed by Bitmine) Quatrefoil) is 2.79%, while Bitmine stakings generated a 7-day return of 2.81% (annualized). We continue to make progress on our Made-in-America VAlidator Network (MAVAN) staking solution. This will be a “best-in-class” solution that provides secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the company moves towards unveiling MAVAN in 2026,” Lee continued.
Bitmine cryptocurrency ranks first in the Ethereum treasury and second in the global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 738,731 bitcoins worth $53 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the United States. According to data from Fundstrat, the stock’s average daily trading volume was $1.0 billion (5-day average, as of March 13, 2026), ranking it #105 in the US, behind Nike (ranked #104) and ahead of Starbucks (ranked #106) out of 5,704 stocks listed in the US (ranked #104).statista.com and Fundstrat research).
The GENIUS Act and the Securities and Exchange Commission (“SEC”) cryptocurrency project are as transformative for financial services in 2025 as the action taken by the United States on August 15, 1971 that ended Bretton Woods and the US dollar on the gold standard 54 years earlier. This event in 1971 served as the catalyst for the modernization of Wall Street, creating the iconic Wall Street giants and financial and payment bars of today. These investments have been proven to be better than gold.
The President’s message can be viewed here: https://www.Bitminetech.io/chairmans-message
The full fiscal year 2025 earnings presentation and corporate presentation can be viewed here: https://Bitminetech.io/investor-relations/
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About Bitmain
Bitmain (NYSE AMERICAN: BMNR) is a Bitcoin mining company with operations in the United States. The company is deploying its excess capital to become 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 “5% chemistry,” the company is committed to ETH as a primary treasury reserve asset, leveraging activities at the native protocol level including DeFi and staking mechanisms. The company will launch MAVAN (Made-in America VAlidator Network), a dedicated storage 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 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 ownership of ETH, the long-term value of Ethereum, the continued growth and progress of the Company’s Ethereum treasury strategy and the benefits applicable 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 fund its current business, Ethereum treasury operations and proposed future business; the competitive environment for Bitmine’s business; 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 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.
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