Bitmine (BMNR) Acquires 71,000 ETH in One Week as Holdings Hit $10.7 Billion

TLDR

• Bitmine (BMNR) reported total crypto and cash holdings of $10.7 billion as of March 29, 2026.
• The company holds 4,732,082 ETH tokens — roughly 3.92% of the entire Ethereum supply.
• 3.14 million of those ETH are staked, generating an annualized run-rate of $177 million at a 2.80% yield.
• Bitmine launched MAVAN, an institutional staking platform, on March 25, 2026.
• BMNR stock fell 5.86% in intraday trading while ETH rose 4.21% in the same period.

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Bitmine Immersion Technologies (BMNR) has disclosed total cryptocurrency and cash holdings of $10.7 billion as of Saturday, March 29, 2026. The announcement came alongside a fresh breakdown of the company’s growing Ethereum position.

Bitmine Immersion Technologies, Inc., BMNR

The company’s ETH holdings stand at 4,732,082 tokens, valued at $2,005 per token. That stake represents 3.92% of the total Ethereum supply of 120.7 million tokens — a position few public companies can match.

Beyond ETH, Bitmine holds 197 Bitcoin, a $200 million stake in Beast Industries, a $102 million stake in Eightco Holdings (ORBS), and $961 million in cash.

It seems that Tom Lee(@fundstrat)'s #Bitmine bought another 50,000 $ETH($108.3M) from #FalconX 4 hours ago.

In the past 2 days, 3 newly created wallets likely linked to #Bitmine have bought a total of 117,111 $ETH($253.3M). pic.twitter.com/fWbGzZYzSJ

— Lookonchain (@lookonchain) March 26, 2026

Bitmine acquired 71,179 Ethereum in the past week alone. That pace is well above the company’s previous average of 45,000 to 50,000 ETH per week, according to Chairman Thomas Lee.

Of its total ETH holdings, 3,142,643 tokens — about 66% — are currently staked. At current prices, that staked position is valued at approximately $6.3 billion.

Staking Revenue and MAVAN Launch

The staking operation is generating an annualized run-rate of $177 million. The 7-day yield came in at 2.80%, just above the Composite Ethereum Staking Rate of 2.79%.

On March 25, Bitmine launched MAVAN — Made in American VAlidator Network. It is an institutional-grade staking platform initially built to manage Bitmine’s own ETH treasury. The company plans to open it to external institutional investors and custodians.

Bitmine’s stock traded an average daily dollar volume of $920 million on a 5-day basis as of March 27. That ranked it the 100th most traded stock in the United States out of 5,704 listed stocks.

Stock Drops as ETH Rises

Despite the scale of its holdings, BMNR slipped 5.86% to $331.00 in intraday trading on March 30. Ethereum moved in the opposite direction, gaining 4.21% to $2,070 over the same 24-hour period.

The stock is currently trading far below its 52-week high of $161 on an adjusted basis. It has delivered a 130% return over the past year, though recent sessions have been volatile.

InvestingPro analysis flagged BMNR as currently overvalued based on Fair Value metrics.

The stock closed at $18.39 prior to the most recent intraday move, and the company’s market activity continues to attract attention given its liquidity and scale of crypto exposure.

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