Bitmine Immersion Technologies Reports $11.8 Billion in Crypto and Cash Holdings

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) has announced reaching 4.875 million ETH tokens, amounting to 4.04% of the total ETH supply of 120.7 million. The company's crypto and cash holdings total $11.8 billion, encompassing 198 Bitcoins, $200 million in Beast Industries, and $85 million in Eightco Holdings. The recent uplisting to the New York Stock Exchange on April 9, 2026, positions BMNR among the most traded stocks, with an average daily volume of $747 million.

Chairman Thomas Lee highlighted Ethereum's strong performance amidst global geopolitical tensions, noting a 17.4% gain since the onset of the Iran war. Bitmine's staking platform, MAVAN, supports significant institutional ETH stakes, capturing 3.33 million ETH, valued at $7.4 billion. Projected ETH staking revenues are estimated at $310 million annually.