Key Highlights
- Bitmine (BMNR) disclosed cryptocurrency and cash holdings totaling $10.7 billion on March 29, 2026.
- The firm controls 4,732,082 ETH tokens, representing approximately 3.92% of Ethereum’s total circulating supply.
- Staked holdings of 3.14 million ETH produce an annual revenue run-rate of $177 million with a 2.80% yield.
- The company introduced MAVAN, a platform for institutional staking services, on March 25, 2026.
- Shares declined 5.86% during intraday activity as Ethereum appreciated 4.21% during the same timeframe.
Bitmine Immersion Technologies (BMNR) revealed cryptocurrency and cash reserves totaling $10.7 billion on Saturday, March 29, 2026. The disclosure included comprehensive details regarding the company’s expanding Ethereum treasury.
Bitmine Immersion Technologies, Inc., BMNR
The firm’s Ethereum position consists of 4,732,082 tokens, with each token valued at $2,005. This allocation accounts for 3.92% of Ethereum’s entire supply of 120.7 million tokens, establishing BMNR among a select group of public entities with such substantial holdings.
Bitmine’s portfolio extends beyond Ethereum. The company maintains 197 Bitcoin, holds a $200 million position in Beast Industries, owns a $102 million stake in Eightco Holdings (ORBS), and keeps $961 million in cash reserves.
The company added 71,179 Ethereum tokens during the previous week. This acquisition rate exceeds the typical weekly range of 45,000 to 50,000 ETH cited by Chairman Thomas Lee.
Approximately 66% of total ETH holdings, amounting to 3,142,643 tokens, participate in staking activities. At prevailing market rates, this staked allocation carries a value approaching $6.3 billion.
Revenue Generation Through Staking and MAVAN Platform
The staking operations produce an annualized revenue run-rate of $177 million. Seven-day yields reached 2.80%, marginally exceeding the Composite Ethereum Staking Rate of 2.79%.
Bitmine unveiled MAVAN — Made in American VAlidator Network — on March 25. This institutional-grade staking infrastructure was developed initially to serve the company’s treasury management requirements. Management intends to expand platform access to qualified institutional investors and custody providers.
As of March 27, Bitmine shares recorded a 5-day average daily trading volume of $920 million. This activity level positioned the stock as the 100th most actively traded security among 5,704 listed companies in the United States.
Share Price Movement Diverges From Ethereum Performance
BMNR shares decreased 5.86% to $331.00 during intraday trading on March 30. Ethereum demonstrated inverse price action, advancing 4.21% to $2,070 throughout the identical 24-hour window.
The current share price remains substantially below the 52-week adjusted high of $161. Year-over-year returns stand at 130%, although recent trading sessions have exhibited heightened volatility.
InvestingPro metrics indicate BMNR trades above Fair Value thresholds based on current analytical models.
Shares settled at $18.39 before the latest intraday movement. Market participants continue monitoring the company’s trading activity given significant liquidity levels and concentrated cryptocurrency exposure.
