Key Highlights
- Bitmine (BMNR) announced crypto and cash reserves totaling $10.7 billion on March 29, 2026.
- The firm controls 4,732,082 ETH tokens, representing approximately 3.92% of Ethereum’s circulating supply.
- Of its holdings, 3.14 million ETH are actively staked, producing a projected annual revenue of $177 million at 2.80% yield.
- The company introduced MAVAN, its institutional staking infrastructure, on March 25, 2026.
- Shares of BMNR declined 5.86% during intraday activity, even as ETH climbed 4.21%.
Bitmine Immersion Technologies (BMNR) revealed its cryptocurrency and cash reserves totaling $10.7 billion in a disclosure dated Saturday, March 29, 2026. The update provided detailed insight into the company’s substantial and expanding Ethereum portfolio.
Bitmine Immersion Technologies, Inc., BMNR
The firm now possesses 4,732,082 ETH tokens, with each token priced at $2,005. This substantial holding accounts for 3.92% of Ethereum’s total circulating supply of 120.7 million tokens — placing Bitmine among a select group of publicly traded entities with such significant exposure.
Bitmine’s broader portfolio 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.
In just the last seven days, Bitmine purchased 71,179 Ethereum tokens. This aggressive accumulation rate significantly exceeds the company’s typical weekly acquisition range of 45,000 to 50,000 ETH, as noted by Chairman Thomas Lee.
Currently, 3,142,643 tokens—representing roughly 66% of Bitmine’s total ETH—are deployed in staking protocols. Based on current market valuations, this staked allocation is worth approximately $6.3 billion.
Staking Returns and MAVAN Platform Debut
Bitmine’s staking activities are projected to generate $177 million in annual revenue. The platform achieved a 7-day yield of 2.80%, marginally outperforming the Composite Ethereum Staking Rate of 2.79%.
On March 25, Bitmine unveiled MAVAN—Made in American VAlidator Network. This enterprise-grade staking infrastructure was originally developed to manage Bitmine’s treasury operations but will soon be available to institutional investors and qualified custodians.
As of March 27, BMNR stock registered an average daily trading volume of $920 million over a five-day period. This liquidity positioned it as the 100th most actively traded equity among 5,704 listed U.S. securities.
Share Price Declines While Ethereum Gains
Despite reporting significant holdings, BMNR shares dropped 5.86% to $331.00 during March 30 intraday trading. Meanwhile, Ethereum moved in the contrary direction, appreciating 4.21% to reach $2,070 during the same timeframe.
The stock remains significantly below its 52-week peak of $161 on an adjusted basis. Over the past twelve months, BMNR has generated a 130% return, though trading patterns have shown considerable volatility in recent weeks.
According to InvestingPro’s valuation models, BMNR currently trades above its calculated Fair Value, suggesting potential overvaluation.
Prior to the latest intraday movement, shares closed at $18.39. The company’s trading activity continues drawing substantial market interest due to its high liquidity profile and unprecedented cryptocurrency holdings.
