Bitmine (NYSE: BMNR) reveals $11.4B crypto stash and NYSE uplisting
Rhea-AI Filing Summary
Bitmine Immersion Technologies reported that its combined crypto, cash and “moonshot” investments total $11.4 billion, including 4.803 million ETH tokens and $864 million in cash. The company has been approved to uplist its common stock from NYSE American to the New York Stock Exchange, with trading on the NYSE expected to begin on April 9, 2026 under the symbol BMNR.
As of April 5, 2026, Bitmine holds 4,803,334 ETH at $2,123 per ETH, 198 Bitcoin, a $200 million stake in Beast Industries and a $92 million stake in Eightco Holdings. Of this, 3,334,637 ETH is staked, valued at $7.1 billion, generating annualized staking revenues of $196 million. Management highlighted Bitmine’s position as a leading Ethereum treasury and the launch of its MAVAN staking platform for its own assets and institutional clients.
Positive
- Significant asset base and ETH concentration: Bitmine reports $11.4 billion in combined crypto, cash and “moonshot” investments, including 4.803 million ETH and $864 million in cash, highlighting substantial balance-sheet resources.
- Growing staking revenue stream: With 3,334,637 ETH staked (valued at $7.1 billion), Bitmine cites annualized staking revenues of $196 million, creating a sizable recurring yield component tied to Ethereum.
- Uplisting to NYSE: Approval to move from NYSE American to the New York Stock Exchange effective April 9, 2026 may enhance market visibility and index and institutional access.
Negative
- None.
Insights
Bitmine discloses a very large ETH-heavy treasury and secures an NYSE uplisting.
Bitmine now reports $11.4 billion in combined crypto, cash and “moonshot” holdings, centered on 4.803 million ETH and $864 million cash. This scale, plus 3.98% of total ETH supply, positions the company as a major Ethereum-focused treasury player.
Staking is already meaningful: 3,334,637 ETH is staked, valued at $7.1 billion, with annualized staking revenues of $196 million using a 2.78% 7‑day yield. The MAVAN platform underpins this and is intended to serve external institutions as well, potentially adding fee-based income alongside proprietary staking rewards.
The planned uplisting from NYSE American to the NYSE on April 9, 2026 may broaden Bitmine’s visibility and access to larger pools of capital. The company also notes high recent trading liquidity, with average daily dollar volume of $987 million over four days, indicating active market interest in BMNR shares.
8-K Event Classification
Key Figures
Key Terms
uplist regulatory
staking financial
Composite Ethereum Staking Rate financial
moonshots financial
GENIUS Act regulatory
Project Crypto regulatory
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
Date
of Report (Date of earliest event reported):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
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Item 7.01 Regulation FD Disclosure.
On April 6, 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 8.01. Other Events.
The Company has entered into a Transfer Agency and Registrar Services Agreement (the “TA Agreement”) with Equiniti Trust Company, LLC (“Equiniti”). Pursuant to the TA Agreement, the Company engaged and appointed Equiniti to serve as the Company’s transfer agent, replacing West Coast Stock Transfer, Inc. Beginning April 8, 2026 and moving forward, Equiniti will serve as the transfer agent for the Company’s common stock.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated April 6, 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: April 6, 2026 | By: | /s/ Chi Tsang |
| Name: | Chi Tsang | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion
Bitmine has been approved for uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American effective at the opening of trading on April 9, 2026
Bitmine has 3,334,637 staked ETH, representing $7.1 billion at $2,123 per ETH
MAVAN (Made in America VAlidator Network) is the premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience
Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the ‘Alchemy of 5%’ in just 9 months
Bitmine owns $92 million of 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 $11.4 billion, including 4.803 million ETH tokens, total cash of $864 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 96th most traded stock in the US, trading $987 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, CT, April 6, 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 $11.4 billion.
Additionally, the company announced that it has been approved for uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American. As a result of the uplisting, the Company’s common stock will cease trading on the NYSE American after market close on April 8, 2026, and will commence trading on the NYSE effective at the opening of trading on April 9, 2026. The Company’s common stock will continue to trade under the symbol “BMNR”.
As of April 5, 2026 at 8:30pm ET, the Company’s crypto holdings are comprised of 4,803,334 ETH at $2,123 per ETH (Coinbase NASDAQ: COIN), 198 Bitcoin (BTC), $200 million stake in Beast Industries, $92 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $864 million. Bitmine’s ETH holdings are 3.98% of the ETH supply (of 120.7 million ETH).
“The Iran war enters its 6th week and this war remains the most important driver of global markets. ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value. At the moment, this war exerts more influence on risk markets than global central banks,” said Thomas “Tom” Lee, Chairman of Bitmine.
“The war has placed downward pressure on global markets, so it is impressive to see ETH as one of the few to rise on an absolute basis. This is a great harbinger, as we expect ETH leadership to strengthen investors and eventually take cash off the sidelines,” continued Lee. “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 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 71,252 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 6, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.1 billion at $2,123 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 reward is $282 million annually (using 2.78% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now $196 million. And this 3.3 million ETH is about 69% of the 4.8 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.74%, while Bitmine’s own staking operations generated a 7-day yield of 2.78% (annualized),” continued Lee.
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 762,099 BTC valued at $51 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 $987 million (4-day average, as of April 2, 2026), ranking #96 in the US, behind Schlumberger (rank #95) and ahead of Adobe (rank #97) 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 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
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.
SOURCE Bitmine Immersion Technologies, Inc.
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