Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.875 Million Tokens, and Total Crypto and Total Cash Holdings of $11.8 Billion

Rhea-AI Summary

Bitmine (NYSE:BMNR) announced crypto + total cash + “moonshots” holdings of $11.8 billion as of April 13, 2026, including 4,874,858 ETH (4.04% of supply) and $719 million cash. Total staked ETH is 3,334,637, representing $7.4 billion at $2,206/ETH.

The company also noted its recent uplisting to the NYSE on April 9, 2026 and launched MAVAN, an institutional Ethereum staking platform.

AI-generated analysis. Not financial advice.

Positive

• Crypto holdings of $11.8 billion
• ETH treasury of 4,874,858 tokens (4.04% of supply)
• Staked ETH of 3,334,637 valued at $7.4 billion
• Annualized staking revenue reported at $212 million
• Uplisting to the New York Stock Exchange on April 9, 2026

Negative

• Concentration risk: 68% of ETH holdings are staked (operational and custodian exposure)
• Market-value sensitivity: holdings valued at $2,206/ETH expose NAV to ETH price swings
• Large equity stakes ($285 million combined) in moonshots may dilute core crypto focus

News Market Reaction – BMNR

+1.08%

29 alerts

+1.08% News Effect

+3.6% Peak in 15 hr 11 min

+$113M Valuation Impact

$10.54B Market Cap

0.4x Rel. Volume

On the day this news was published, BMNR gained 1.08%, reflecting a mild positive market reaction. Argus tracked a peak move of +3.6% during that session. Our momentum scanner triggered 29 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $113M to the company's valuation, bringing the market cap to $10.54B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total crypto + cash + moonshots: $11.8 billion ETH holdings: 4,874,858 ETH Total cash: $719 million +5 more

8 metrics

Total crypto + cash + moonshots $11.8 billion Bitmine combined holdings as of April 12–13, 2026

ETH holdings 4,874,858 ETH Company ETH balance at $2,206 per ETH; 4.04% of supply

Total cash $719 million Cash component within $11.8B total holdings

Staked ETH 3,334,637 ETH Staked on MAVAN and partners; $7.4B at $2,206 per ETH

Projected staking rewards $310 million annually At scale, using 2.89% 7-day BMNR yield assumption

Annualized staking revenues $212 million Based on current 3.3M ETH staked and 2.89% yield

Average daily dollar volume $747 million 5-day average trading value as of April 10, 2026; rank #117 in US

Beast & Eightco stakes $285 million total $200M in Beast Industries and $85M in Eightco (ORBS)

Market Reality Check

Price: $19.25 Vol: Volume 28,226,527 vs 20-d...

low vol

$19.25 Last Close

Volume Volume 28,226,527 vs 20-day average 48,252,224, indicating lighter-than-usual trading activity before this release. low

Technical Shares trade below the 200-day moving average of 37.33, despite sizeable reported crypto and cash holdings.

Peers on Argus

BMNR was up 0.95% while crypto/finance peers in momentum, such as RIOT and LAZ, ...

2 Down

BMNR was up 0.95% while crypto/finance peers in momentum, such as RIOT and LAZ, were both down around 3–4%, pointing to stock-specific dynamics around this ETH and treasury update.

Previous Crypto Reports

5 past events · Latest: Mar 31 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 31	Crypto treasury update	Positive	+8.1%	Eightco detailed its crypto and OpenAI-linked treasury composition and funding.
Mar 30	Crypto holdings update	Positive	-0.5%	Bitmine reported $10.7B in crypto, cash and moonshots plus higher ETH and staking.
Mar 25	MAVAN launch	Positive	+2.1%	Launch of MAVAN institutional staking platform with multi-million ETH already staked.
Mar 16	ETH and treasury update	Positive	+11.4%	Bitmine raised crypto and cash totals to $11.5B and expanded staked ETH base.
Mar 02	Crypto balance update	Positive	+7.5%	Company highlighted $9.9B holdings, 4.47M ETH and growing staking revenues.

Pattern Detected

Crypto treasury and MAVAN-related updates have often coincided with positive single-day moves, though there has been at least one divergence where the stock fell on seemingly positive ETH/treasury news.

Recent Company History

Over recent weeks, Bitmine has repeatedly updated the market on its Ethereum-focused treasury and staking strategy. Prior disclosures cited crypto, cash and “moonshot” holdings between $9.9 billion and $11.5 billion, ETH balances rising from 4.47M to 4.73M, and the launch of the MAVAN staking platform with over 3.14M ETH staked. These steps, alongside acquisitions and Eightco-related investments, frame today’s report of $11.8 billion in combined holdings and higher ETH/staked ETH levels as a continuation of that accumulation strategy.

Historical Comparison

+5.7% avg move · This crypto-treasury update follows a series of ETH and MAVAN disclosures. Over five prior crypto-ta...

crypto

+5.7%

Average Historical Move crypto

This crypto-treasury update follows a series of ETH and MAVAN disclosures. Over five prior crypto-tag events, the average 1-day move was 5.72%, indicating markets often react meaningfully to this theme.

Crypto-tag history shows Bitmine steadily lifting ETH holdings from 4.47M to over 4.73M while scaling MAVAN staking from about 3.04M to 3.14M ETH and emphasizing rising staking revenues.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-07-28

The company has an effective S-3ASR shelf registration filed on 2025-07-28, with reported usage via at least 2 prospectus supplements (Form 424B5). This provides pre-established capacity to issue securities, subject to remaining shelf limits, without specifying amounts here.

Market Pulse Summary

This announcement details Bitmine’s expanded Ethereum-focused treasury, citing $11.8 billion in comb...

Analysis

This announcement details Bitmine’s expanded Ethereum-focused treasury, citing $11.8 billion in combined crypto, cash and “moonshot” holdings, including 4.874M ETH and 3.334M staked ETH. It also points to annualized staking revenues of $212 million and projected rewards of $310 million at scale through MAVAN. In context of earlier updates on growing ETH balances and staking activity, investors may watch future disclosures on staking yields, treasury composition, and any further use of the existing S-3ASR shelf.

Key Terms

staking, validator network, annualized, treasury

4 terms

staking technical

"MAVAN ... is a premier Ethereum staking destination for BMNR and institutional investors"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

validator network technical

"official launch of MAVAN (the Made in American VAlidator Network), the institutional grade staking platform"

A validator network is a group of independent computers or participants that check and record transactions on a digital ledger, using agreed rules to decide which entries are valid. Think of them as a team of referees who confirm plays and keep the official score; their integrity, speed and decentralization determine how secure, fast and reliable the system is. Investors care because the makeup and incentives of the validator network affect transaction finality, security risks, token rewards and governance influence.

annualized financial

"At scale ... the projected ETH staking reward is $310 million annually (using 2.89% 7-day BMNR yield)"

Annualized means converting a return, rate, or figure measured over a period shorter or longer than a year into a comparable yearly rate, so you can see what it would be on a per-year basis. Investors use annualized numbers to compare performance or risk across different time frames—like turning a one-month growth into a projected yearly pace, similar to estimating a year's total from a single week of rainfall—while remembering it assumes the same pace continues.

treasury financial

"Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury"

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

AI-generated analysis. Not financial advice.

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Bitmine now owns more than 4% of the total ETH coin supply of 120.7 million

Bitmine is 81% of the way to the 'Alchemy of 5%' in just 9 months

Bitmine uplisted to the New York Stock Exchange ("NYSE") from the NYSE American effective as of April 9, 2026

Bitmine has 3,334,637 staked ETH, representing $7.4 billion at $2,206 per ETH

MAVAN (Made in America Validator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience

Bitmine owns $85 million of Eightco (NASDAQ-ORBS), now one of the only publicly listed equities in the world to give investors direct exposure to OpenAI

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.8 billion, including 4.875 million ETH tokens, total cash of $719 million, and other crypto holdings

Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock

Bitmine is the 117th most traded stock in the US, trading $747 million per day (5-day avg)

Bitmine remains supported by a premier 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

NORWALK, Conn., April 13, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $11.8 billion.

The Company recently announced its uplisting to the New York Stock Exchange ("NYSE") from the NYSE American on April 9, 2026. The Company's common stock continues to trade under the symbol "BMNR".

As of April 12, 2026 at 3:30pm ET, the Company's crypto holdings are comprised of 4,874,858 ETH at $2,206 per ETH, 198 Bitcoin (BTC), $200 million stake in Beast Industries, $85 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $719 million. Bitmine's ETH holdings are 4.04% of the ETH supply (of 120.7 million ETH).

"The Iran war enters its 7th week and this war remains the most important driver of global markets. ETH is now the best performing asset since the start of the war, with a 17.4% gain and outperforming the S&P 500 by 1,830 basis points. And we believe ETH beating gold by 2,743 basis points demonstrates ETH is the wartime store of value," said Thomas "Tom" Lee, Chairman of Bitmine.

"Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains," continued Lee.

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 71,524 ETH which is the highest pace of buys since the week of December 22, 2025." stated Lee.

Bitmine announced the official launch of MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of April 13, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.4 billion at $2,206 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), the projected ETH staking reward is $310 million annually (using 2.89% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now $212 million. And this 3.3 million ETH is about 68% of the 4.87 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.73%, while Bitmine's own staking operations generated a 7-day yield of 2.89% (annualized)," continued Lee.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 766,970 BTC valued at $54.5 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $747 million (5-day average, as of April 10, 2026), ranking #117 in the US, behind Intuitive Surgical (rank #116) and ahead of Applied Digital (rank #118) among 5,704 US-listed stocks (statista.com and Fundstrat research).

The GENIUS Act and Securities and Exchange Commission's (the "SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending 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 proved to be better investments than gold.

The Chairman's message can be found here: https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, 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 staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

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 which involve risks and uncertainties. This document specifically contains forward-looking statements regarding: (i) progress and achievement of the Company's goals regarding ETH acquisition, including the 'Alchemy of 5%' initiative and the long-term value of Ethereum; (ii) the Company's beliefs regarding Ethereum's performance relative to other assets, including its characterization as a "wartime store of value" and its performance during geopolitical events; (iii) the Company's expectations regarding the current state and future trajectory of the cryptocurrency market, including statements that ETH may be in the "final stages of the mini-crypto winter"; (iv) continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company; (v) the Company's share repurchase program, including statements regarding shares trading below intrinsic value, the Company's ability to accretively retire common shares, and the execution of repurchases through open market transactions; (vi) the Company's digital asset accumulation strategy and staking operations, including MAVAN, its expansion to serve institutional investors, custodians, and ecosystem partners, and projected annual staking revenues and rewards; (vii) statements regarding the benefits of Wall Street tokenization on the blockchain and agentic AI systems utilizing public blockchains; (viii) expectations regarding the potential impact of regulatory developments, including the GENIUS Act and SEC Project Crypto, on financial services and digital assets; and (ix) the Company's financial flexibility to support its treasury operations and expanded repurchase authorization. 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 finance its current business, Ethereum treasury operations, share repurchase program, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; geopolitical events and their impact on cryptocurrency markets; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in 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 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 undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-875-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-8-billion-302740122.html

SOURCE Bitmine Immersion Technologies, Inc.

FAQ

How much ETH does Bitmine (BMNR) hold and what percent of supply is that as of April 12, 2026?

Bitmine holds 4,874,858 ETH, equal to 4.04% of total ETH supply. According to the company, that count uses a 120.7 million ETH supply basis and a $2,206 per-ETH valuation as of April 12, 2026.

How many ETH has Bitmine (BMNR) staked and what annual staking revenue does it report?

Bitmine has staked 3,334,637 ETH, generating $212 million annualized staking revenue. According to the company, staking valuation uses $2,206 per ETH and a 7-day BMNR yield of 2.89%.

What is MAVAN and how does it affect Bitmine (BMNR) shareholders?

MAVAN is an institutional-grade Ethereum staking platform launched by Bitmine to support staking operations and third-party custody. According to the company, MAVAN aims to scale staking for institutional clients and formalize staking revenue capture for BMNR shareholders via institutional services.

What did Bitmine (BMNR) announce about its NYSE listing on April 9, 2026?

Bitmine announced it uplisted to the New York Stock Exchange effective April 9, 2026 and continues trading under BMNR. According to the company, the uplisting follows growth in trading liquidity and larger institutional investor support.

How has Bitmine (BMNR) been acquiring ETH recently and what buying pace was reported?

Bitmine increased ETH buys over the past four weeks, acquiring 71,524 ETH in the most recent week. According to the company, this is the highest weekly purchase pace since December 22, 2025 and supports its goal toward a 5% ETH stake.