Bitmine reaches 4.66 million ETH tokens with $11 billion total holdings

Bitmine Immersion Technologies Inc. (NYSE AMERICAN: BMNR) reported holdings of 4.66 million Ethereum tokens valued at $11 billion in total crypto and cash assets as of March 22, 2026.

The company holds 4,660,903 ETH tokens at $2,072 per token, representing 3.86% of the total ETH supply of 120.7 million tokens, according to the company's press release statement. Bitmine has 3,142,643 staked ETH worth $6.5 billion and 196 Bitcoin tokens.

Additional holdings include $200 million in Beast Industries, $95 million in Eightco Holdings (NASDAQ: ORBS), and $1.1 billion in cash. The company acquired 65,341 ETH tokens in the past week, compared to its previous average of 45,000 to 50,000 weekly purchases.

Bitmine's annualized staking revenues total $184 million, with the company generating a 7-day yield of 2.83%. The company plans to launch its MAVAN staking infrastructure in the first quarter of 2026.

"Bitmine has maintained the increased pace of ETH buys in each of the past three weeks, as our base case is ETH is in the final stages of the 'mini-crypto winter,'" said Thomas Lee, Chairman of Bitmine.

The stock trades an average daily dollar volume of $1.2 billion over five days as of March 20, 2026, ranking 101st among US-listed stocks. Bitmine operates as a Bitcoin miner with operations in the United States and positions itself as an Ethereum treasury company.

The company's institutional investors include ARK's Cathie Wood, Founders Fund, and Pantera, among others supporting Bitmine's goal of acquiring 5% of ETH supply.

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