Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion
Rhea-AI Summary
Bitmine (NYSE AMERICAN: BMNR) reported crypto + cash + "moonshots" holdings of $9.9 billion as of March 1, 2026. Holdings include 4,473,587 ETH (3.71% of supply) and $868 million cash; 3,040,483 ETH are staked ($6.0 billion at $1,976/ETH).
The company acquired 50,928 ETH in the prior week, cites annualized staking revenues of $172 million, and expects to launch its MAVAN staking solution in early 2026.
Positive
- $9.9B total crypto + cash + moonshots holdings
- 4.47M ETH held, representing 3.71% of supply
- 3.04M staked ETH valued at $6.0B
- Annualized staking revenues of $172M
- MAVAN staking solution on track for early 2026 deployment
Negative
- High concentration in ETH: 4.47M ETH exposure
- Crypto NAV sensitive to ETH price volatility and market shocks
- Geopolitical uncertainty noted as potential near-term market risk
News Market Reaction – COIN
On the day this news was published, COIN gained 5.34%, reflecting a notable positive market reaction. Argus tracked a trough of -4.6% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $2.49B to the company's valuation, bringing the market cap to $49.18B at that time.
Data tracked by StockTitan Argus on the day of publication.
Bitmine has 3,040,483 staked ETH, representing
Bitmine now owns
Bitmine recently closed on initial
Bitmine Crypto + Total Cash Holdings + "Moonshots" total
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 145th most traded stock in the US, trading
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
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 the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling
As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at
"Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine.
"In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 (
"Annualized staking revenues are now
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at
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
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
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-474-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-9-billion-302700582.html
SOURCE Bitmine Immersion Technologies, Inc.
