Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.596 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion

Rhea-AI Summary

Bitmine (NYSE AMERICAN: BMNR) reports total crypto + cash + "moonshots" holdings of $11.5 billion as of March 15, 2026. Holdings include 4,595,562 ETH (4.596M), 196 BTC, $1.2 billion cash, and $283 million in named equity stakes.

Staked ETH totals 3,040,515 (valued at $6.6B at $2,185/ETH), representing 3.81% of ETH supply; MAVAN staking launch targeted for early 2026.

Positive

• Total holdings of $11.5 billion (crypto + cash + moonshots)
• 4.596 million ETH held, representing 3.81% of ETH supply
• 3,040,515 staked ETH valued at $6.6 billion (staking underway)
• $1.2 billion in total cash on hand
• $80 million追加 investment in Eightco (ORBS) to support ORBS' OpenAI exposure
• Average daily dollar volume $1.0B (5-day avg), ranking BMNR #105 in US trading

Negative

• ETH valuation anchored to an assumed price of $2,185/ETH, exposing reported NAV to price swings
• Large concentration in ETH and crypto versus cash ($1.2B cash vs $11.5B total holdings)

Market Reaction – BMNR

+13.02% $23.22

15m delay 33 alerts

+13.02% Since News

$23.22 Last Price

$22.17 $23.24 Day Range

+$1.22B Valuation Impact

$10.56B Market Cap

1.1x Rel. Volume

Following this news, BMNR has gained 13.02%, reflecting a significant positive market reaction. Our momentum scanner has triggered 33 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $23.22. This price movement has added approximately $1.22B to the company's valuation.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Total holdings: $11.5 billion ETH holdings: 4,595,562 ETH Staked ETH: 3,040,515 ETH +5 more

8 metrics

Total holdings $11.5 billion Crypto + cash + “moonshots” as of Mar 15, 2026

ETH holdings 4,595,562 ETH 3.81% of 120.7M ETH supply at $2,185 per ETH

Staked ETH 3,040,515 ETH $6.6B staked at $2,185 per ETH

Annualized staking revenues $180 million Current ETH staking revenue run-rate

Potential staking rewards $272 million At scale using 2.81% 7-day BMNR yield

Cash balance $1.2 billion Total cash as part of $11.5B holdings

Beast stake $200 million Equity in Beast Industries (“moonshot” holding)

Eightco stake $83 million Includes recent additional $80M investment

Market Reality Check

Price: $20.54 Vol: Volume 79,785,722 is 1.9x...

high vol

$20.54 Last Close

Volume Volume 79,785,722 is 1.9x the 20-day average, indicating elevated trading activity ahead of this update. high

Technical Shares closed at 20.54, trading below the 200-day MA of 35.97 and 87.24% below the 52-week high of 161.

Peers on Argus

Crypto-exposed peers IREN, MARA, RIOT and WULF all appeared on the momentum scan...

4 Up

Crypto-exposed peers IREN, MARA, RIOT and WULF all appeared on the momentum scanner, each moving up around 4.8–5.9%. This aligns with a broader sector move, while BMNR entered this news with only a -0.05% 24h change.

Common Catalyst Momentum across crypto/capital-markets names without same-day peer news suggests a sector-wide crypto rotation rather than company-specific catalysts.

Previous Crypto Reports

5 past events · Latest: Mar 02 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 02	Crypto treasury update	Positive	+7.5%	Reported $9.9B holdings with 4.47M ETH and strong staking revenues.
Feb 02	Crypto treasury update	Positive	-9.2%	Disclosed $10.7B holdings and 4.29M ETH with rising staking revenue.
Jan 26	Crypto treasury update	Positive	-3.5%	Announced $12.8B holdings and 4.24M ETH plus Beast/Eightco stakes.
Jan 20	Crypto treasury update	Positive	-9.4%	Reported $14.5B holdings and 4.20M ETH with major Beast investment.
Jan 15	Beast investment	Positive	-5.5%	Announced $200M equity investment in Beast Industries and 2025 results.

Pattern Detected

Recent crypto-treasury updates often saw negative or mixed next-day reactions; only one of the last five tag-matched crypto events had a positive move despite generally expansionary news.

Recent Company History

Over the last few months, Bitmine has repeatedly updated the market on its Ethereum-centric treasury strategy, growing ETH holdings from 4.20M to 4.47M tokens while maintaining large cash and “moonshot” positions in Beast Industries and Eightco. These updates emphasize rising staking volumes (over 3.0M ETH staked), growing annualized staking revenues, and progress toward the MAVAN staking platform targeted for early 2026. Price reactions have been volatile, with several sizeable selloffs following otherwise expansionary crypto-treasury disclosures.

Historical Comparison

-4.0% avg move · Past crypto-treasury updates for BMNR (tagged “crypto”) saw an average next-day move of about -4%, s...

crypto

-4.0%

Average Historical Move crypto

Past crypto-treasury updates for BMNR (tagged “crypto”) saw an average next-day move of about -4%, showing that even expansionary ETH and staking disclosures have often been followed by selling or consolidation.

Crypto-tagged events show steady ETH accumulation, rising staked balances and staking revenues, and repeated confirmation of an early-2026 launch target for the MAVAN staking platform.

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 dated 2025-07-28, with at least two 424B5 takedowns in August and September 2025. This structure allows Bitmine to raise additional capital in the market, subject to remaining capacity and future usage decisions.

Market Pulse Summary

The stock is surging +13.0% following this news. A strong positive reaction aligns with Bitmine’s pa...

Analysis

The stock is surging +13.0% following this news. A strong positive reaction aligns with Bitmine’s pattern of highlighting rapid ETH accumulation and staking growth, now totaling 4.60M ETH and $11.5B in combined holdings. Historically, crypto-tagged updates have averaged around -4% the next day, so a large upside move would have contrasted prior selling pressure. Investors would still need to weigh dilution flexibility from the active shelf and sensitivity to ETH price swings.

Key Terms

staked, composite ethereum staking rate, validator network, yield, +3 more

7 terms

staked technical

"Bitmine has 3,040,515 staked ETH, representing $6.6 billion at $2,185 per ETH"

"Staked" means that someone has committed or invested their money or assets into a project or system, often to support its operation or security. Think of it like putting money into a savings account to help keep the bank running—it's a way of backing a system with your resources, often in hopes of earning rewards or benefits in return. For investors, being staked indicates their active participation and belief in the success of the project.

composite ethereum staking rate technical

"The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.79%"

A composite ethereum staking rate is the single, annualized percentage that represents the typical return investors earn by locking up Ether across a mix of validators, staking pools and service providers, after accounting for fees and penalties. It matters because it shows the expected income from staking (like an average bank interest rate), helps compare staking vs. selling or lending choices, and influences supply dynamics and investor returns in the Ethereum ecosystem.

validator network technical

"The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution"

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.

yield financial

"using 2.81% 7-day BMNR yield"

Yield is the income an investment generates, expressed as a percentage of the money you put in or the asset’s current price — for example, interest from a bond or dividends from a stock. It matters to investors because it shows how much cash return they can expect relative to cost, much like comparing the annual rent you get from a house to what you paid for it, and helps assess income versus risk and price changes.

bitcoin technical

"196 Bitcoin (BTC), $200 million stake in Beast Industries"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

ethereum technical

"Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF) to enable EF"

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

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.

Bitmine has 3,040,515 staked ETH, representing $6.6 billion at $2,185 per ETH; MAVAN staking solution on track to launch Q1 2026

Bitmine now owns 3.81% of the ETH token supply, over 76% of the way to the 'Alchemy of 5%' in just 8 months

Bitmine increased its investment into Eightco (ticker: $ORBS) by $80 million to support ORBS $50 million purchase of OpenAI equity

ORBS is now the only publicly listed equity in the world to give investor direct exposure to OpenAI

Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF) to enable EF to fund its core operations

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.5 billion, including 4.596 million ETH tokens, total cash of $1.2 billion, 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 105th most traded stock in the US, trading $1.0 billion 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

LAS VEGAS, March 16, 2026 /PRNewswire/ -- (NYSE AMERICAN: 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 $11.5 billion.

As of March 15, 2026 at 7:00pm ET, the Company's crypto holdings are comprised of 4,595,562 ETH at $2,185 per ETH (NASDAQ: COIN), 196 Bitcoin (BTC), $200 million stake in Beast Industries, $83 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $1.2 billion. Bitmine's ETH holdings are 3.81% of the ETH supply (of 120.7 million ETH).

"Since the start of the Iran war, crypto prices have outperformed and Ethereum has outperformed the S&P 500 by 2,450bp. This is a meaningful outperformance in a mere two weeks," said Thomas "Tom" Lee, Chairman of Bitmine.

"In our view, higher oil is triggering concerns of slowing growth for the global economy. And when investors worry about growth, they buy 'growth stocks' including MAG7, software and crypto. As the chart below shows, crypto moves in tandem with software stocks." continued Lee.

In the past 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 equity stake in OpenAI and a $25 million equity stake in Beast Industries. "ORBS is now the only publicly listed equity in the world to give investor direct exposure to OpenAI. OpenAI has a much anticipated IPO in 2026 and investors can now get direct exposure via ORBS. Moreover, we see a lot of synergy between worldchain (proof of human), the leading AI platform (OpenAI) and the world's great content creator, Mr. Beast. Eightco is bringing Cathie Wood's ARK on as a strategic advisor further increasing the appeal of ORBS."

Second, Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF, link here) enabling the EF to fund its core operations. "Bitmine acquired the ETH to demonstrate our support for the goals and operations of EF and enabled EF to raise capital without having to sell its ETH in the open market."

"Bitmine has slightly increased the pace of ETH buys in each of the past two weeks, as our base case is ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 60,999 ETH compared to an average of 45k to 50k weekly recently," stated Lee.

As of March 15, 2026, Bitmine total staked ETH stands at 3,040,515 ($6.6 billion at $2,185 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 ETH staking rewards is $272 million annually (using 2.81% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now $180 million. And this 3.0 million ETH is about 66% of the 4.6 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.79%, while Bitmine's own staking operations generated a 7-day yield of 2.81% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering 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," continued Lee.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 738,731 BTC valued at $53 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 $1.0 billion (5-day average, as of March 13, 2026), ranking #105 in the US, behind Nike (rank #104) and ahead of Starbucks (rank #106) 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 AMERICAN: 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 will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.

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

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 progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, 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 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 and proposed future business; the competitive environment of Bitmine's business; 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.

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SOURCE Bitmine Immersion Technologies, Inc.