Bitmine has 3,040,483 ETH shares worth $6.0 billion at $1.976 per ETH; MAVAN staking solution on track for Q1 2026 launch
Bitmine now owns 3.71% of ETH token supply, more than 74% of the way to “Alchemy 5%” in 8 months
Bitmine recently closed a $200 million seed investment in Beast Industries
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $9.9 billion, including 4.474 million ETH tokens, $868 million in cash and other crypto holdings
Bitmine leads its crypto treasury peers in terms of both the growth rate of crypto NAV per share and the high trading liquidity of BMNR shares.
Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5 day average)
Bitmine is backed by a leading group of institutional investors including Cathy 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 collecting crypto for long-term investment, today announced Bitmine + crypto +$9 billion.
As of March 1, 2026, at 2:00 p.m., the company’s crypto holdings were 4,473,587 ETH worth $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million in shares in Beast Industries, $14 million in EBSSDNA Holdings: (“Moonshots”), and a total of $868 million in cash. Bitmine’s ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH).
“Bitmine is methodically continuing its Ethereum hoarding strategy as we move into the final stages of this ‘mini-crypto winter’. Geopolitical uncertainty has increased in the past few days as the US has launched hostilities against Iran, and the impact on financial markets and digital assets will be felt in the coming weeks. We will continue to acquire ETH and optimize the yield of our ETH holdings,” said Thomas “Tom” Lee, CEO of Bitmine.
“Last week we got 50,928 ETH,” said Lee. “Bitmine is buying Ethereum because we see this pullback as attractive given the strengthening fundamentals. In our view, the price of ETH does not reflect the high utility of ETH and its role as the future of finance.”
As of March 1, 2026, Bitmine will have a total supply of 3,040,483 ETH ($6.0 billion at $1,976 per ETH). “Bitmine has earned more ETH than any other institution in the world. At scale (when Bitmine’s ETH is fully contributed by MAVAN and its partners), the ETH reward is $253 million annually (using BMNR’s 2.86% 7-day yield),” Lee said.
“Annual staking revenue is now 172 million dollars. And this 3.0 million ETH is about 68% of the 4.5 million ETH that Bitmine has. CESR (Composite Ethereum Staking Rate, managed) Frame) is 2.83%, while Bitmine’s staking operation generated a 7-day yield of 2.86% (annualized). We continue to make progress on our betting solution, known as The Made in America VAlidator Network (MAVAN). It will be a “best-in-class” solution that offers secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the company moves towards opening MAVAN in 2026,” Lee continued.
Crypto holding Bitmine is the #1 Ethereum fund and #2 global fund behind Strategy Inc. (NASDAQ: MSTR), which holds 717,722 BTC worth $47 billion, reigns supreme. Bitmine remains the largest ETH repository in the world.
Bitmine is one of the most widely traded stocks in the US. According to Fundstrat, the stock has traded an average daily volume of USD 0.8 billion (5-day average through February 27, 2026), ranking 145th in the US, behind Datadog (ranked #144) and ahead of Expedia Group (ranked #146) among 5,704 listed stocks (statista.com and Fundstrat Research).
The GENIUS Act and the Securities and Exchange Commission (“SEC”) Project Crypto into Financial Services in 2025 as the US action on August 15, 1971, converts Bretton Woods and the US dollar to 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 the 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 earnings presentation and corporate presentation for the full fiscal year 2025 can be found here: https://Bitminetech.io/investor-relations/
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About Bitmine
Bitcoin (NYSE AMERICAN: BMNR) is a Bitcoin miner operating in the US. The company leverages its excess capital to become the world’s leading Ethereum Treasury, implementing an innovative digital asset strategy for institutional investors and public market participants. Following the philosophy of “5% alchemy”, the company is committed to using ETH as a reserve asset of its treasury, using native protocol level activities, including decentralized financial mechanisms. The company will launch MAVAN (Made-in America VAlidator Network), a special infrastructure for Bitmine assets, in the 1st 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, which 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 ETH acquisition and valuation goals, the long-term value of Ethereum, the growth and future development of Ethereum’s treasury strategy, and the applicable benefits to the Company. When evaluating these forward-looking statements, you should consider various factors, including Bitmine’s ability to adapt to new technology and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future business; Bitmine’s competitive business environment; and the future value of Bitcoin and Ethereum. Actual results and future performance 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 contained 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 www.sec.gov. Bitmine undertakes no obligation to update these statements for corrections or changes after the date of this publication, except as required by law.
