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.

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 – MSTR

+2.89%

68 alerts

+2.89% News Effect

+4.4% Peak in 1 hr 4 min

+$1.39B Valuation Impact

$49.65B Market Cap

0.4x Rel. Volume

On the day this news was published, MSTR gained 2.89%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.4% during that session. Our momentum scanner triggered 68 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $1.39B to the company's valuation, bringing the market cap to $49.65B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total holdings: $11.8 billion ETH holdings: 4,874,858 ETH Staked ETH: 3,334,637 ETH +5 more

8 metrics

Total holdings $11.8 billion Crypto + total cash + moonshots holdings as of April 12, 2026

ETH holdings 4,874,858 ETH ETH at $2,206 per token as of April 12, 2026

Staked ETH 3,334,637 ETH Staked ETH worth $7.4B at $2,206 per ETH as of April 13, 2026

Total cash $719 million Cash component of crypto + cash + moonshots holdings

Beast stake $200 million Stake in Beast Industries classified as moonshot holding

Eightco stake $85 million Stake in Eightco Holdings (NASDAQ: ORBS) as moonshot exposure

Projected staking reward $310 million annually Projected ETH staking reward at 2.89% 7-day yield at scale

Annualized staking revenues $212 million Current annualized ETH staking revenues from 3.3M staked ETH

Market Reality Check

Price: $158.19 Vol: Volume 12,959,314 vs 20-d...

low vol

$158.19 Last Close

Volume Volume 12,959,314 vs 20-day average 18,893,102, indicating lighter-than-normal trading. low

Technical Price 128.64 is trading below the 200-day MA at 248.21 and 71.86% under the 52-week high.

Peers on Argus

Key software peers like CDNS (-5.37%), SNOW (-8.6%) and ADP (-3.67%) show broad ...

Key software peers like CDNS (-5.37%), SNOW (-8.6%) and ADP (-3.67%) show broad sector pressure, but the momentum scanner does not flag a coordinated move tied to this crypto-focused news.

Previous Crypto Reports

5 past events · Latest: Feb 02 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 02	ETH treasury update	Positive	-6.7%	Reported $10.7B in crypto, cash and moonshot holdings with 4.29M ETH.
Feb 05	Rebranding announcement	Positive	-3.3%	Rebranded to Strategy as a bitcoin treasury and AI-focused software company.
Jan 31	Preferred stock pricing	Negative	-1.6%	Priced 8.00% Series A perpetual preferred stock to raise about $563.4M.
Jan 27	Preferred offering plan	Negative	-1.6%	Proposed Series A perpetual preferred stock offering for bitcoin and corporate uses.
Jan 24	Convertible note redemption	Positive	-5.2%	Announced redemption of $1.05B zero-coupon 2027 convertible notes in shares.

Pattern Detected

Crypto/treasury and financing announcements with a crypto tag have often been followed by negative next-day moves, even when the news itself was constructive.

Recent Company History

Across prior crypto-tagged events, the company highlighted large-scale bitcoin/crypto treasuries, brand repositioning around digital assets, and multiple preferred stock offerings and note redemptions to fund bitcoin purchases. The Feb 2026 Bitmine update already disclosed multi-billion-dollar crypto and cash holdings, while several 2025 Strategy Inc releases detailed ATM activity and balance-sheet moves tied to bitcoin accumulation. Today’s update continues the theme of using the corporate balance sheet as a large crypto treasury vehicle, now emphasizing ETH scale and staking economics.

Historical Comparison

-3.7% avg move · Crypto-tag releases over the past year averaged a -3.69% next-day move, suggesting that even constru...

crypto

-3.7%

Average Historical Move crypto

Crypto-tag releases over the past year averaged a -3.69% next-day move, suggesting that even constructive treasury or financing news has often coincided with post-announcement weakness.

Crypto-tag history shows a progression from building large bitcoin/ETH treasuries to rebranding around digital assets and repeatedly using capital markets tools to expand those holdings.

Market Pulse Summary

This announcement highlights Bitmine’s role as a large-scale ETH treasury, with 4.87M ETH, substanti...

Analysis

This announcement highlights Bitmine’s role as a large-scale ETH treasury, with 4.87M ETH, substantial cash and growing staking revenues. It builds on earlier crypto-focused disclosures that used the balance sheet to accumulate digital assets. Context from past events shows that treasury growth and financing activity have been recurring themes. Investors should focus on ETH price sensitivity, the durability of staking yields, and how any future capital raises might affect per-share exposure.

Key Terms

staking, validator, composite ethereum staking rate

3 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 technical

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

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

composite ethereum staking rate technical

"The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.73%"

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.

AI-generated analysis. Not financial advice.

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.

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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.