Key Highlights
- Bitmine (BMNR) disclosed cryptocurrency and cash reserves totaling $10.7 billion on March 29, 2026.
- The firm’s Ethereum position comprises 4,732,082 ETH tokens — approximately 3.92% of total circulating supply.
- Over 3.14 million ETH are actively staked, producing $177 million in annualized revenue at 2.80% yield.
- The company unveiled MAVAN, its institutional staking solution, on March 25, 2026.
- Shares dropped 5.86% during intraday action while Ethereum prices climbed 4.21% simultaneously.
Bitmine Immersion Technologies (BMNR) revealed cryptocurrency and cash reserves totaling $10.7 billion as of Saturday, March 29, 2026. The disclosure provided detailed insights into the firm’s expanding Ethereum treasury.
Bitmine Immersion Technologies, Inc., BMNR
The company’s Ethereum portfolio now contains 4,732,082 tokens, priced at $2,005 each. This holding represents 3.92% of Ethereum’s total circulating supply of 120.7 million tokens — a concentration level rarely seen among publicly traded corporations.
Bitmine’s broader portfolio also includes 197 Bitcoin, a $200 million equity position in Beast Industries, a $102 million investment in Eightco Holdings (ORBS), plus $961 million in liquid cash reserves.
The company purchased 71,179 Ethereum tokens during the previous seven-day period. This acquisition rate significantly exceeds the firm’s typical weekly range of 45,000 to 50,000 ETH, per Chairman Thomas Lee’s statements.
Approximately 3,142,643 tokens — representing 66% of total ETH holdings — are deployed in staking protocols. At present market values, this staked allocation carries an estimated value of $6.3 billion.
Revenue From Staking and Platform Introduction
The company’s staking infrastructure generates an annualized revenue run-rate of $177 million. Recent seven-day yields reached 2.80%, marginally outperforming the Composite Ethereum Staking Rate benchmark of 2.79%.
On March 25, Bitmine introduced MAVAN — Made in American VAlidator Network. This enterprise-grade staking infrastructure was originally developed to manage Bitmine’s proprietary ETH treasury. Plans call for expanding access to institutional investors and qualified custodians.
Bitmine’s equity generated average daily trading volume of $920 million on a five-day trailing basis through March 27. This volume positioned the stock as the 100th most actively traded security in the United States among 5,704 listed equities.
Share Price Declines Amid ETH Rally
Notwithstanding the magnitude of its digital asset holdings, BMNR shares declined 5.86% to $331.00 during March 30 intraday trading. Ethereum prices moved inversely, advancing 4.21% to $2,070 throughout the identical 24-hour window.
The equity currently trades substantially beneath its adjusted 52-week peak of $161. Over the trailing twelve months, shares have produced a 130% return, though recent trading sessions have exhibited elevated volatility.
InvestingPro valuation models indicate BMNR shares are presently trading above Fair Value estimates.
Prior to the latest intraday movement, shares settled at $18.39, and the company’s market presence continues drawing scrutiny given its liquidity profile and concentrated cryptocurrency exposure.
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