Bitmine Reaches 4.803 Million ETH Holdings and Announces Uplisting to NYSE
April 6, 2026 – Bitmine Immersion Technologies, a prominent player in the cryptocurrency sector, disclosed today that it holds a staggering total of 4.803 million Ethereum (ETH) tokens, anchoring its overall crypto, cash, and equity holdings valued at approximately $11.4 billion. This announcement comes alongside news that Bitmine will uplist its common stock from NYSE American to the New York Stock Exchange (NYSE), effective April 9, 2026, trading under the ticker symbol BMNR.
Largest Ethereum Treasury Globally
Bitmine’s ETH holdings, currently valued at about $10.2 billion based on a Coinbase price of $2,123 per token (as of April 5, 8:30 p.m. ET), make it the world’s largest Ethereum treasury to date. The company’s ETH amount represents approximately 3.98% of the total circulating supply of 120.7 million ETH tokens. Bitmine is pursuing an ambitious target called the “Alchemy of 5%,” aiming to obtain 5% of the total Ethereum supply, a goal that currently places the firm more than 79% of the way toward completion.
In addition to its Ethereum holdings, Bitmine’s portfolio includes 198 Bitcoin (BTC) tokens, a $200 million stake in Beast Industries, and $92 million invested in Eightco Holdings (Nasdaq: ORBS). The company also maintains a cash reserve of $864 million.
Institutional Staking and Revenue Growth
Bitmine operates MAVAN—Made in America Validator Network—a proprietary institutional staking platform through which it has staked 3.33 million ETH, valued at about $7.1 billion. MAVAN generated an annualized yield of 2.78% over the past week, slightly surpassing the industry Composite Ethereum Staking Rate of 2.74%. This activity currently yields approximately $196 million in annualized staking revenue, with projections indicating a potential rise to $282 million annually at full scale.
The company intends to expand MAVAN’s services beyond its own treasury to include institutional investors, custodians, and partners in the broader Ethereum ecosystem.
Recent Ethereum Accumulation and Market Position
In recent activity, Bitmine acquired 71,252 ETH within a single week, marking its highest weekly purchase pace since December 2025. Chairman Tom Lee described this phase as the “final stage of a mini-crypto winter,” with Ethereum well-positioned to attract institutional capital emerging from the sidelines of the market.
Lee highlighted Ethereum’s resilience and strong performance amid global uncertainties such as the Iran conflict. Since the war’s onset, ETH price appreciation was noted at 6.8%, outperforming the S&P 500 by 11.3 percentage points and gold by 18.4 percentage points, underscoring Ethereum’s growing profile as a wartime store of value.
Market Comparison and Institutional Recognition
Bitmine’s moves place it second only to Strategy Inc., which holds the largest crypto treasury globally with 766,970 BTC worth approximately $53.2 billion. Strategy continues its bitcoin accumulation strategy, recently acquiring an additional 4,871 BTC for nearly $330 million.
Bitmine’s shares rank 96th in average daily dollar trading volume among over 5,700 U.S.-listed equities, trading just behind Schlumberger and ahead of Adobe. The company enjoys backing from prominent institutional investors, including Cathie Wood’s Ark Investment Management, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital, and Bill Miller III.
Strategic Equity Holdings and Shareholder Exposure
Moreover, Bitmine’s $92 million investment in Eightco Holdings offers BMNR shareholders indirect exposure to OpenAI — a rare opportunity among publicly traded stocks. This diversification adds an innovative edge to Bitmine’s crypto-centric portfolio.
Conclusion
Bitmine’s uplisting to the NYSE marks a significant milestone, reflecting its large-scale crypto treasury presence and institutional traction. With ambitious targets to increase Ethereum holdings and continuously generate staking revenue, Bitmine positions itself at the forefront of corporate crypto treasury management as it navigates the evolving digital asset landscape.
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