Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion
MWN-AI** Summary
Bitmine Immersion Technologies (BMNR) has recently disclosed substantial growth in its cryptocurrency assets, announcing that its Ethereum (ETH) holdings have reached 4.474 million tokens, valued at approximately $9.9 billion when including other crypto and cash reserves. The company's ETH holdings alone constitute about 3.71% of the total ETH supply, which stands at 120.7 million. With 3,040,483 ETH staked, Bitmine's staking strategy is projected to yield $172 million annually, bolstered by a newly developed staking solution named the Made in America VAlidator Network (MAVAN), expected to debut in early 2026.
Chairman Thomas "Tom" Lee highlighted that Bitmine has acquired 50,928 ETH recently, viewing these market conditions as favorable for long-term investment. He noted the importance of ETH as a foundational asset for future finance, despite recent geopolitical tensions affecting the market landscape. The company's total crypto assets, cash, and investments in ventures like Beast Industries pulsed Bitmine's holdings, enhancing its reputation as a significant participant in the cryptocurrency sector.
Currently, Bitmine ranks as the 145th most traded stock in the U.S., with an impressive average daily trading volume of $800 million. The company has garnered support from notable institutional investors, including ARK Investment's Cathie Wood and Bill Miller III. With its laser focus on ETH accumulation and staking advancements, Bitmine is strategically positioned to play a pivotal role in the evolving crypto ecosystem, asserting its commitment to achieving a 5% share in the ETH market.
MWN-AI** Analysis
Bitmine Immersion Technologies (BMNR) has made headlines with its substantial holdings in Ethereum and its commitment to establishing itself as a preeminent player in the crypto investment arena. With 4.474 million ETH tokens currently valued at approximately $8.85 billion and total cash and crypto holdings soaring to $9.9 billion, the company is strategically positioned during this transitional phase in the crypto market.
The fact that Bitmine owns 3.71% of the total ETH supply is a remarkable achievement, placing it on a promising trajectory toward its self-imposed target of 5%. This aggressive accumulation strategy has potential advantages, particularly in a market context where Ethereum maintains its pivotal role in decentralized finance (DeFi).
Bitmine's decision to stake over 3 million ETH, yielding substantial annual revenue estimates from staking rewards, further showcases its strategic focus on optimizing returns amidst market fluctuations. Coupled with geopolitical tensions and current market dynamics, this positioning suggests Bitmine could leverage both immediate and long-term gains as markets navigate uncertainty.
However, investors should approach BMNR with caution. While large institutional backing from renowned entities like ARK Invest and Pantera Capital lends credibility, the inherent volatility of crypto markets must not be overlooked. Additionally, the anticipated launch of the MADE IN AMERICA VAlidator Network (MAVAN) could drive growth but also carries execution risks.
Given BMNR's current trading volume and its rank among U.S. stocks, it presents a compelling opportunity for investors looking to enter the high-stakes world of decentralized finance investments. Close monitoring of ETH's price movements and broader market trends will be essential for stakeholders, as geopolitical influences and market sentiment could heavily impact performance in the near term.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026
Bitmine now owns 3.71% of the ETH token supply, over 74% 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 $9.9 billion, including 4.474 million ETH tokens, total cash of $868 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 145th most traded stock in the US, trading $0.8 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, March 2, 2026 /CNW/ -- (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 $9.9 billion.
As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at $1,976 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 $868 million. Bitmine's ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH).
"Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine.
"In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 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 $253 million annually (using 2.86% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.83%, while Bitmine's own staking operations generated a 7-day yield of 2.86% (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 717,722 BTC valued at $47 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 $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) 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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/02/c3944.html
FAQ**
How does Bitmine's current ETH holding of 4.474 million tokens position Bitmine Immersion Technologies Inc (BMNR) as a leader in the cryptocurrency treasury space compared to its peers?
What are the implications of Bitmine Immersion Technologies Inc (BMNR) acquiring 50,9ETH during this period of geopolitical uncertainty, and how might this impact its overall investment strategy?
Can Bitmine Immersion Technologies Inc (BMNR) maintain profitable staking yields with its MAVAN staking solution, and how does this contribute to its long-term strategy in the Ethereum ecosystem?
What risks does Bitmine Immersion Technologies Inc (BMNR) foresee in maintaining such a significant crypto and cash holding of $9.9 billion in light of potential market fluctuations and regulatory changes?
**MWN-AI FAQ is based on asking OpenAI questions about Coinbase Global Inc (NASDAQ: COIN).
NASDAQ: COIN
COIN Trading
-3.96% G/L:
$195.07 Last:
6,559,949 Volume:
$197.76 Open:
