Bitmine (NYSE: BMNR) highlights $10.3B ETH treasury and staking income
Rhea-AI Filing Summary
Bitmine Immersion Technologies filed an 8-K to share an operations update highlighting the scale of its crypto treasury. As of March 8, 2026, the company reports combined crypto, cash and “moonshot” investments totaling $10.3 billion.
The portfolio includes 4,534,563 ETH valued at $1,965 per token, 195 Bitcoin, a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings, and $1.2 billion in cash. Bitmine’s ETH position equals 3.76% of the 120.7 million ETH supply, aligning with its “alchemy of 5%” accumulation goal.
The company has 3,040,483 ETH staked, described as $6.0 billion of value, with current annualized staking revenues of $174 million and potential rewards of $259 million using a 2.91% 7-day yield. Management reiterates plans to launch its MAVAN staking platform in early 2026 and emphasizes Bitmine’s status as a highly traded US stock supported by several institutional investors.
Positive
- None.
Negative
- None.
Insights
Bitmine emphasizes a very large, ETH-heavy treasury with growing staking income.
Bitmine positions itself as an Ethereum treasury and staking play. It reports
The company states that
Bitmine also highlights trading liquidity, citing roughly
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):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive office) (Zip Code)
(Registrants’ telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
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)
Emerging
Growth Company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On March 9, 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 March 9, 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: | March 9, 2026 | By: | /s/ Chi Tsang |
| Name: | Chi Tsang | ||
| Title: | Chief Executive Officer | ||
Exhibit 99.1
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.535 Million Tokens, and Total Crypto and Total Cash Holdings of $10.3 Billion
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,965 per ETH; MAVAN staking solution on track to launch Q1 2026
Bitmine now owns 3.76% of the ETH token supply, over 75% of the way to the ‘Alchemy of 5%’ in just 8 months
Bitmine recently closed on initial $200 million investment into Beast Industries
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $10.3 billion, including 4.535 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 125th 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, NV, March 9, 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 $10.3 billion.
As of March 8, 2026 at 4:00pm ET, the Company’s crypto holdings are comprised of 4,534,563 ETH at $1,965 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $1.2 billion. Bitmine’s ETH holdings are 3.76% of the ETH supply (of 120.7 million ETH).
“Ethereum prices showed resilience this week, in the face of rising war concerns and surging oil prices. We continue to believe that crypto prices are in the late/final stages of the ‘mini-crypto winter’ and are tracking the base case outlined by Bitmine’s advisor, Tom DeMark of DeMark Analytics (aka Symbolik.com). According to DeMark, ETH prices in 2026 are tracking the path of S&P 500 in the fall of 2011 and fall of 1987 closely,” said Thomas “Tom” Lee, Chairman of Bitmine.
“The correlations to these price trajectories is 89% and 93%, for 2011 and 1987, respectively (see charts below). And if these analogs hold, ETH prices bottom between March 8th to March 14th and just below the recent lows of $1,740. Again, consistent with crypto in the final stages of ‘mini-crypto winter,’” continued Lee.
“As the adage goes, nobody ‘rings the bell at the bottom’ and therefore Bitmine’s strategy is to now slightly increase its pace of ETH accumulation. In the past week, we acquired 60,976 ETH compared to an average of 45k to 50k weekly recently,” stated Lee.
As of March 8, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,965 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 $259 million annually (using 2.91% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now $174 million. And this 3.0 million ETH is about 67% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.84%, while Bitmine’s own staking operations generated a 7-day yield of 2.91% (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 720,737 BTC valued at $48 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 6, 2026), ranking #125 in the US, behind Eaton (rank #124) and ahead of United Airlines (rank #126) 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.
SOURCE Bitmine Immersion Technologies, Inc.
MEDIA CONTACT:
Marcy Simon
Marcy@agentofchange.com
+19178333392
FAQ
What total crypto and cash holdings does Bitmine Immersion Technologies (BMNR) report?
How large are Bitmine’s Ethereum (ETH) holdings and what share of supply is this?
How much ETH has Bitmine staked and what revenues does staking generate?
What other investments besides ETH does Bitmine Immersion Technologies (BMNR) hold?
What is Bitmine’s MAVAN staking initiative and when will it launch?
How actively traded is Bitmine Immersion Technologies (BMNR) stock?
Filing Exhibits & Attachments
7 documents