Bitmine Acquires 60,999 ETH, Holdings Reach 4.596 Million Tokens Worth $10 Billion

Bitmine Immersion Technologies (NYSE American: BMNR) announced on March 16, 2026, that its combined crypto, cash, and “moonshot” investments have reached $11.5 billion, including 4.595 million ETH valued at approximately $10 billion, 196 Bitcoin, $283 million in strategic equity stakes, and $1.2 billion in cash.

The company acquired 60,999 ETH over the past week—its largest weekly purchase in 2026—bringing its Ethereum holdings to 3.81% of the total circulating supply of 120.7 million ETH. Chairman Thomas “Tom” Lee attributed the continued accumulation to crypto’s 2,450 basis point outperformance of the S&P 500 since the onset of the Iran war, stating that higher oil prices are driving investors toward growth assets including cryptocurrency.

Bitmine now ranks as the world’s largest Ethereum treasury and the second-largest corporate crypto treasury globally, trailing only Strategy Inc. (NASDAQ: MSTR).

Updated Treasury Holdings

Ethereum Position

As of March 15, 2026, at 7:00 PM ET, Bitmine’s Ethereum holdings total 4,595,562 ETH, valued at $2,185 per ETH based on current market pricing. This represents 3.81% of Ethereum’s total supply, positioning the company 76% of the way toward its “Alchemy of 5%” goal—acquiring 5% of all ETH in circulation—achieved in just eight months.

Cash and Other Crypto

The company maintains $1.2 billion in cash reserves alongside 196 Bitcoin. Despite aggressive ETH accumulation, Bitmine has preserved its cash position while increasing acquisition pace.

“Moonshot” Equity Investments

Bitmine holds strategic equity positions totaling $283 million:

Beast Industries: $200 million stake

Eightco Holdings (NASDAQ: ORBS) : $83 million stake, recently increased by an additional $80 million

The increased Eightco investment supports ORBS’s $50 million equity purchase in OpenAI and $25 million stake in Beast Industries. Following these transactions, ORBS became “the only publicly listed equity in the world to give investor direct exposure to OpenAI,” according to Lee. Eightco has also engaged ARK Invest as a strategic advisor.

Staking Operations and Revenue Generation

Current Staked Position

Bitmine has staked 3,040,515 ETH—approximately 66% of its total ETH holdings—valued at $6.6 billion. This represents the largest institutional ETH staking position globally.

Revenue Metrics

The staked position generates $180 million in annualized revenue based on a 7-day yield of 2.81%, which exceeds the Composite Ethereum Staking Rate (CESR) of 2.79%. When Bitmine stakes its full ETH holdings, projected annual revenue could reach $272 million.

MAVAN Infrastructure

The company continues development of the Made in America VAlidator Network (MAVAN), a dedicated staking infrastructure solution scheduled for launch in Q1 2026. Bitmine is currently collaborating with three staking providers as it prepares to unveil MAVAN, described as a “best-in-class” solution offering secure staking infrastructure.

Strategic Transactions

Ethereum Foundation Acquisition

Bitmine acquired 5,000 ETH directly from the Ethereum Foundation, providing operational funding support while enabling the foundation to raise capital without selling ETH on the open market. Lee characterized the purchase as demonstrating “support for the goals and operations of EF.”

Eightco Expansion

The additional $80 million investment in Eightco reflects Bitmine’s confidence in the synergy between worldchain (proof of human), OpenAI as a leading AI platform, and Beast Industries as a major content creator.

Market Performance and Trading Liquidity

Stock Trading Volume

BMNR ranks as the 105th most actively traded stock in the United States, with average daily dollar volume of $1.0 billion over the five trading days ending March 13, 2026. This places BMNR behind Nike (rank #104) and ahead of Starbucks (rank #106) among 5,704 U.S.-listed stocks.

Price Movement

The stock traded at $23.39 as of March 16, 2026, up 13.88% on the day, with a market capitalization of approximately $10.6 billion. Trading volume reached 74 million shares, with an intraday range of $22.17 to $23.53.

Investor Backing

Bitmine is supported by a premier group of institutional investors aligned with its goal of acquiring 5% of ETH supply, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group (DCG), and Galaxy Digital.

Regulatory Context

Lee characterized the GENIUS Act and the Securities and Exchange Commission’s “Project Crypto” as transformational to financial services, comparing their potential impact to the U.S. ending the Bretton Woods gold standard on August 15, 1971—an event he described as the catalyst for Wall Street’s modernization and the creation of today’s financial infrastructure.

Frequently Asked Questions

What is Bitmine’s total Ethereum holdings and percentage of supply?

As of March 15, 2026, Bitmine holds 4,595,562 ETH, representing 3.81% of Ethereum’s total circulating supply of 120.7 million ETH. This makes Bitmine the world’s largest corporate Ethereum treasury.

How much staking revenue does Bitmine generate?

Bitmine currently generates $180 million in annualized staking revenue from 3.04 million staked ETH, based on a 7-day yield of 2.81%. When the company stakes its full ETH holdings, projected annual revenue could reach $272 million.

What are Bitmine’s “moonshot” investments?

Bitmine holds $200 million in Beast Industries and $83 million in Eightco Holdings (ORBS), totaling $283 million in strategic equity investments. The Eightco stake provides indirect exposure to OpenAI, as ORBS recently acquired a $50 million equity position in the AI company.