Bitmine staked 3,040,483 ETH, amounting to $6.0 billion at $1,976 per ETH; MAVAN staking solution on track for launch in Q1 2026
Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the ‘Alchemy of 5%’ in just 8 months
Bitmine recently completed an initial $200 million investment in Beast Industries
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million and other crypto holdings
Bitmine leads crypto treasury peers through both the speed at which crypto NAV per share is increased and the high trading liquidity of BMNR stock
Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day average)
Bitmine continues to be 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 2, 2026 /PRNewswire/ – (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum Network company with a focus on crypto accumulation for long-term investments, today announced Bitmine crypto + total cash + “moonshots” holdings totaling $9.9 billion.
As of March 1, 2026 at 2:00 PM ET, the company’s crypto holdings consist of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”), and a total of $868 in cash. million. Bitmine’s ETH holdings amount to 3.71% of the ETH supply (of 120.7 million ETH).
“Bitmine continues to methodically execute our Ethereum treasury strategy as we work our way through the later stages of this ‘mini-crypto winter’. Geopolitical uncertainty has increased in recent days as the US has initiated combat operations against Iran, and the impact on the financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize returns on our ETH positions,” said Thomas “Tom” Lee, Chairman of Bitmine.
“In the past week, we acquired 50,928 ETH,” Lee continued. “Bitmine purchased Ethereum as we view this pullback as attractive given its strengthening fundamentals. In our view, ETH’s price does not reflect the great utility of ETH and its role as the future of finance.”
As of March 1, 2026, Bitmine’s total stake is ETH 3,040,483 ($6.0 billion at $1,976 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), ETH staking rewards amount to $253 million per year (using a 7-day BMNR yield of 2.86%),” said Lee.
“Annual staking revenue now stands at $172 million. And this 3.0 million ETH is approximately 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, managed by Four-pass) is 2.83%, while Bitmine’s own staking operations generated a seven-day yield of 2.86% (annualized). We continue to make progress with our staking solution, known as The Made in America VAlidator Network (MAVAN). This will be the best-in-class solution providing a secure staking infrastructure and will be deployed in early 2026. Bitmine is currently working with three staking providers as the company moves towards unveiling MAVAN in 2026,” Lee continued.
Bitmine crypto holding reigns as the #1 Ethereum Treasury and #2 global Treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC worth $47 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the US. According to Fundstrat data, the stock has traded an average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (at #144) and ahead of Expedia Group (at #146) among the 5,704 US-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and the Securities and Exchange Commission’s (‘the SEC’) Project Crypto will be as transformative for financial services in 2025 as the US action on August 15, 1971, that put 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 turned out to be better investments than gold.
The chairman’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The profit presentation and the company presentation for the 2025 financial year can be found here: https://Bitminetech.io/investor-relations/
If you would like to stay informed, please register via: https://Bitminetech.io/contact-us/
About Bitmijn
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to become the world’s leading Ethereum Treasury company and 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 core treasury reserve, utilizing proprietary protocol-level operations including staking and decentralized financing 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.” The 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 Company’s progress and achievement of its 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 applicable benefits to the Company. In evaluating these forward-looking statements, you should consider several factors, including Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to fund its current operations, Ethereum treasury operations and proposed future operations; the competitive environment of Bitmine’s business; and the future value of Bitcoin and Ethereum. Actual future performance results and results may differ materially from those expressed in any 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 any 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 assumes 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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