Bitmine reports $9.9 billion in crypto and cash holdings

Bitmine Immersion Technologies Inc. (NYSE American: BMNR) reported total holdings of $9.9 billion in cryptocurrency, cash and other investments as of March 1, 2026, according to a company statement.

The company holds 4.47 million Ethereum (ETH) tokens valued at $1,976 each, representing 3.71% of the total ETH supply. Bitmine has 3.04 million ETH tokens staked, generating approximately $172 million in annualized staking revenues at a 2.86% yield rate.

The holdings breakdown includes $868 million in cash, 195 Bitcoin tokens, a $200 million investment in Beast Industries, and a $14 million stake in Eightco Holdings (NASDAQ: ORBS). The company acquired 50,928 ETH tokens in the past week.

"Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter,'" said Thomas Lee, chairman of Bitmine.

Bitmine trades an average daily volume of $800 million over five days, ranking as the 145th most traded stock in the US among 5,704 listed companies, according to data from Fundstrat.

The company plans to launch MAVAN (Made-in America Validator Network), a staking infrastructure solution, in the first quarter of 2026. When fully deployed, the staking operation could generate $253 million annually based on current yield rates.

Bitmine describes itself as the largest ETH treasury globally and the second-largest cryptocurrency treasury behind MicroStrategy Inc. (NASDAQ: MSTR), which holds 717,722 Bitcoin valued at $47 billion.

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