Bitmine Immersion Announces Ownership of 4.976 Million ETH Tokens and Total Crypto and Cash Holdings of $12.9 Billion
Bitmine Immersion Technologies (“Bitmine” or “the Company”) is a Bitcoin and Ethereum Network company focused on long-term cryptocurrency accumulation for investment. Today, Bitmine announced that its total crypto holdings plus cash and “moonshots” amount to $12.9 billion.
Recently, Bitmine announced its uplisting to the New York Stock Exchange (“NYSE”) from NYSE American on 9 April 2026. Bitmine’s ordinary shares continue to trade under the symbol “BMNR”.
As of 19 April 2026 at 4:00 p.m. ET, Bitmine’s crypto holdings consist of 4,976,485 ETH at $2,301 per ETH (NASDAQ: COIN), 199 Bitcoin (BTC), a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”), and $1.12 billion in cash. Bitmine’s ETH holdings represent 4.12% of the ETH supply (120.7 million ETH).
“We are seeing signs that the ‘short crypto winter’ is about to end. As extreme downside risks from the US-Iran war subside, ETH’s price has risen 41% from its early February low. And ETH has outperformed the S&P 500 by 2,280 basis points since the war began and remains the best-performing asset in the world (aside from crude oil prices). Ethereum continues to benefit from two main driving factors: blockchain tokenisation by Wall Street and agent AI systems that increasingly require a neutral public blockchain. We believe there is great significance in ETH becoming the ‘best store of value in wartime’ and the leading asset since the war started,” said Thomas “Tom” Lee, Chairman of Bitmine.
“Although many believe the crypto winter may last until autumn 2026, we still believe it will end soon. Every major crypto winter since 2015 has coincided with at least a 20% decline in equity values. Even the crypto price drop in 2025 occurred alongside a 20% decline in the S&P 500 index. However, in 2026, the equity decline has been milder, at -8%,” Lee continued.
“Bitmine has maintained its pace of ETH purchases over the past four weeks, as our base case is that ETH is in the late stages of a ‘short crypto winter’ in the market. In the past week, we acquired 101,627 ETH, which is the highest purchase rate since the week of 15 December 2025,” said Lee.
Recently, Bitmine launched MAVAN (Made in America Validator Network), an institutional-grade staking platform. Although initially developed to support Bitmine’s own Ethereum treasury, MAVAN will be expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of 20 April 2026, Bitmine’s total staked ETH holdings reached 3,334,637 ($7.7 billion at $2,301 per ETH). “Bitmine has staked more ETH than any other entity in the world. On a large scale (after all of Bitmine’s ETH is staked by MAVAN and its staking partners), the estimated ETH staking rewards are $330 million per year (using BMNR’s 7-day yield of 2.88%),” said Lee.
“Current annual staking income reaches $221 million. These 3.3 million ETH represent about 67% of the 4.98 million ETH owned by Bitmine. CESR (Composite Ethereum Staking Rate, managed by Quatrefoil) is 2.76%, while Bitmine’s staking operations yield 2.88% (annualised) over 7 days,” said Lee.
Bitmine’s crypto holdings rank as the No. 1 Ethereum treasury and the No. 2 global treasury after Strategy Inc. (NASDAQ: MSTR), which reportedly holds 780,897 BTC worth $58.2 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the US. According to Fundstrat data, the stock has traded with an average daily dollar volume of $1.2 billion (5-day average, as of 17 April 2026), ranking 80th in the US after Uber Technologies (rank 79) and above D-Wave Quantum (rank 81) among 5,704 stocks listed in the US (statista.com and Fundstrat research).