Bitmine (NYSE: BMNR) outlines $11.6B ETH-focused treasury and staking plan
Rhea-AI Filing Summary
Bitmine Immersion Technologies updated investors on its crypto treasury and staking strategy. As of May 31, 2026, the company reports crypto, cash and “moonshot” holdings totaling $11.6 billion, including 5.42 million ETH, 203 BTC, stakes in other companies, and $446 million in cash.
Bitmine states its ETH position is 4.49% of the reported 120.7 million ETH supply, with 4,718,677 ETH staked, valued at $9.5 billion using $2,003 per ETH. Management highlights its MAVAN staking platform and projects annualized staking rewards of $296 million and staking revenues of $258 million when ETH is fully staked. The company also notes high trading liquidity, citing average daily dollar volume of $628 million that ranks its stock among the most actively traded in the US.
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Insights
Bitmine details a large ETH treasury, aggressive staking strategy, and heavy stock trading activity.
Bitmine reports $11.6B of combined crypto, cash and “moonshot” positions, anchored by $9.5B of staked ETH and total ETH holdings equal to 4.49% of a 120.7M-coin supply. This underscores a highly concentrated exposure to Ethereum within its broader digital asset strategy.
The company’s MAVAN platform underpins this approach, with 87% of its 5.42M ETH already staked and a stated 7‑day yield of 2.73% annualized. Management projects annualized staking rewards of $296M and staking revenues of $258M, though these figures depend on ETH prices, protocol economics, and continued operational performance.
Bitmine also emphasizes stock liquidity, citing four‑day average trading of $628M that places BMNR around rank 225 among US‑listed names. Future company filings and earnings materials will be important for reconciling these treasury metrics, projected staking economics, and any regulatory changes affecting large, publicly listed crypto treasuries.
8-K Event Classification
Key Figures
Key Terms
Ethereum treasury financial
staking financial
MAVAN (Made in America VAlidator Network) technical
forward-looking statements regulatory
GENIUS Act regulatory
staking reward financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 7.01 Regulation FD Disclosure.
On June 1, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release (the “Press Release”) providing an update on the Company’s operations. A copy of the Press Release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated June 1, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Bitmine Immersion Technologies, Inc. | ||
| Dated: June 1, 2026 | By: | /s/ Chi Tsang |
| Name: | Chi Tsang | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.42 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion
Bitmine owns 4.49% of the total ETH coin supply of 120.7 million
Bitmine is 90% of the way to the ‘Alchemy of 5%’ in just 11 months
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
Bitmine has 4,718,677 staked ETH, representing $9.5 billion at $2,003 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 $93 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $11.6 billion, including 5.42 million ETH tokens, total cash of $446 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 225th most traded stock in the US, trading $628 million per day (4-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, CT, June 1, 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 $11.6 billion.
As of May 31, 2026 at 2:00pm ET, the Company’s crypto holdings are comprised of 5,416,901 ETH at $2,003 per ETH (per Coinbase NASDAQ: COIN), 203 Bitcoin (BTC), $180 million stake in Beast Industries, $93 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $446 million. Bitmine’s ETH holdings are 4.49% of the ETH supply (of 120.7 million ETH).
On May 11, 2026, Bitmine released the latest Chairman’s Message (link here) for May 2026.
“Over the past week, we acquired 26,497 ETH. In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” stated Thomas “Tom” Lee, Chairman of Bitmine.
Bitmine recently launched 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 May 31, 2026, Bitmine total staked ETH stands at 4,718,677 ($9.5 billion at $2,003 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 $296 million on an annualized basis (using 2.73% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $258 million. And this 4.7 million ETH is over 87% of the 5.42 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.73% (annualized),” continued Lee.
Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 843,738 BTC valued at $62 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 $628 million (4-day average, as of May 29, 2026), ranking #225 in the US, behind Marathon Petroleum (rank #224) and ahead of Blackstone (rank #226) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine management believes 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 expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company’s expectations regarding the cryptocurrency market, including the belief that Ethereum continues to benefit from dual tailwinds of Wall Street tokenization on the blockchain and agentic AI systems increasingly needing public and neutral blockchains; (iii) continued growth and advancement of the Company’s Ethereum treasury strategy and the applicable benefits to the Company; (iv) the Company’s digital asset accumulation strategy and staking operations, including MAVAN, its intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and projected annual staking revenues of $258 million and projected staking rewards of $296 million on an annualized basis (when ETH is fully staked); (v) statements regarding the benefits of Wall Street tokenization on the blockchain and agentic AI systems increasingly needing public and neutral blockchains; (vi) management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard; (vii) the Company’s characterization of ETH prices as not reflecting the strengthening of Ethereum fundamentals; and (viii) the Company’s characterization of market conditions as early stages of crypto spring. 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; 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; 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.
SOURCE Bitmine Immersion Technologies, Inc.
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