Bitmine Immersion Technologies (BMNR) has announced its total crypto and cash holdings have reached $11.4 billion, driven by its massive accumulation of Ethereum (ETH). The company also revealed it has been approved for an uplisting from the NYSE American to the main New York Stock Exchange (NYSE), effective at the opening of trading on April 9, 2026.
As of April 5, 2026, Bitmine's holdings comprise 4,803,334 ETH (valued at $2,123 per ETH), 198 Bitcoin (BTC), a $200 million stake in Beast Industries, a $92 million stake in Eightco Holdings (ORBS), and $864 million in cash. The company's ETH holdings now represent 3.98% of the total ETH supply (120.7 million tokens), putting it over 79% of the way toward its stated goal of acquiring 5% of the supply—a strategy it calls "the alchemy of 5%".
In a statement, Bitmine Chairman Thomas "Tom" Lee highlighted Ethereum's performance, noting it gained 6.8% since the start of the Iran war six weeks prior, outperforming the S&P 500 by 1,130 basis points and gold by 1,840 basis points. Lee stated, "ETH is the wartime store of value... At the moment, this war exerts more influence on risk markets than global central banks." He also cited dual tailwinds for Ethereum: Wall Street's tokenization on blockchain and agentic AI systems' need for public, neutral blockchains.
The company has officially launched MAVAN (Made in America Validator Network), its institutional-grade staking platform. As of April 6, 2026, Bitmine has staked 3,334,637 ETH (worth $7.1 billion) on MAVAN, representing about 69% of its total ETH holdings. Lee stated that Bitmine has staked more ETH than any other entity globally. At full scale, the staking reward is projected to be $282 million annually; current annualized staking revenues are $196 million, with Bitmine's 7-day yield at 2.78%.
Bitmine's stock (BMNR) is highly liquid, ranking as the 96th most traded stock in the US with an average daily trading volume of $987 million. The company is backed by prominent institutional investors including ARK Invest's Cathie Wood, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital.
