Bitmine Immersion Technologies revealed $11.4 billion in total crypto, cash, and equity holdings on Monday, anchored by 4.803 million ETH tokens. The firm is set to uplist from NYSE American to the New York Stock Exchange on April 9, 2026, under the same ticker BMNR.
4.8M ETH Stack: 3.98% of Circulating Supply, Targeting 5%
As of 8:30 p.m. ET on April 5, Bitmine held 4,803,334 ETH valued at $2,123 per token on Coinbase — approximately $10.2 billion. That represents 3.98% of Ethereum’s total circulating supply of 120.7 million tokens, putting the company 79% of the way toward its stated goal of owning 5% of all ETH, dubbed the “Alchemy of 5%.” The firm also holds 198 bitcoin, a $200 million stake in Beast Industries, $92 million in Eightco Holdings (Nasdaq: ORBS), and $864 million in cash.
By comparison, Strategy Inc. (Nasdaq: MSTR) currently holds 766,970 BTC worth roughly $53.2 billion, remaining the world’s largest corporate crypto treasury. Bitmine ranks second globally and first in ETH.
Tom Lee: ETH Beats Gold & S&P 500 as ‘Wartime Store of Value’
Bitmine Chairman Tom Lee noted that since the start of the Iran war, ETH has gained 6.8%, outperforming the S&P 500 by 1,130 basis points and gold by 1,840 basis points. “ETH beating gold by 1,840 basis points demonstrates ETH is the wartime store of value,” Lee stated. In the past week, Bitmine acquired 71,252 ETH — the highest weekly total since Dec. 22, 2025. Lee called this the final stage of a “mini-crypto winter,” with Ethereum positioned to draw institutional capital off the sidelines.
MAVAN Staking Platform: $196M Annualized Yield
Through its institutional staking platform MAVAN (Made in America VAlidator Network), Bitmine has staked 3,334,637 ETH worth $7.1 billion. The platform generated a seven-day annualized yield of 2.78%, above the Composite Ethereum Staking Rate of 2.74% administered by Quatrefoil. Annualized staking revenues currently stand at $196 million, with a projected $282 million at full scale. MAVAN will expand to serve institutional investors, custodians, and ecosystem partners beyond Bitmine’s own treasury.
Bitmine’s $92 million stake in Eightco Holdings gives BMNR shareholders indirect exposure to OpenAI, one of the only publicly listed equities globally offering such access.
BMNR: Top 100 by Dollar Volume, Elite Institutional Backing
According to Fundstrat, BMNR’s four-day average daily dollar volume of $987 million ranked 96th among 5,704 U.S.-listed equities as of April 2, sitting behind Schlumberger (rank 95) and ahead of Adobe (rank 97). Institutional holders include Ark Investment Management’s Cathie Wood, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital, and Bill Miller III.