Bitmine Immersion Technologies (NYSE: BMNR) disclosed its holdings as of April 19: 4,976,485 ETH (valued at $2,301 per ETH on Coinbase, ~$11.45 billion), 199 BTC, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings (NASDAQ: ORBS), and $1.12 billion in cash. Total assets across crypto, cash, and moonshot investments hit $12.9 billion.
Uplisted to NYSE, World's Second-Largest Corporate Treasury
The company uplisted to the New York Stock Exchange from NYSE American on April 9, retaining ticker BMNR. Its ETH position accounts for 4.12% of Ethereum's total supply (120.7 million ETH), making it the top corporate ETH treasury globally. In overall crypto treasury size, BMNR ranks second only to Strategy Inc. (MSTR), which holds 780,897 BTC. BMNR shares saw a five-day average daily trading volume of $1.2 billion, ranking #80 among 5,704 U.S.-listed equities.
Chairman Thomas Lee: 'Mini-Crypto Winter' Ending
Chairman Thomas Lee stated in the release: “We see growing signs that the 'mini-crypto' winter is coming to an end. With diminishing tail risks from the US-Iran war, ETH has rallied 41% from early February lows and outperformed the S&P 500 by 2,280 basis points since the war started.” He added that every major crypto winter since 2015 coincided with an equity drawdown of at least 20%, but in 2026 the S&P 500 decline is only 8%, implying the crypto winter is “much closer to ending.”
Weekly ETH Buys Jump to 101,627; Staking Revenue Hits $221M Annually
Lee noted the company has accelerated ETH purchases over the past four weeks, acquiring 101,627 ETH last week — the highest weekly pace since the week of December 15, 2025. Bitmine launched the institutional-grade staking platform MAVAN in 2026, where 3,334,637 ETH (~$7.7 billion) is already staked, representing 67% of its total ETH holdings. Annualized staking revenue now stands at $221 million, with a 7-day yield of 2.88%, above the industry composite rate of 2.76%. Lee projects fully staked ETH could generate $330 million in annual rewards.