Bitmine Immersion Technologies (BMNR) provided a business update, announcing its total crypto, cash, and investment holdings reached $11.0 billion as of March 22, 2026. The company continues to execute its strategy of accumulating Ethereum (ETH) as its primary treasury reserve asset, now holding 3.86% of the total ETH supply.
Key Details
- Total Holdings Breakdown: The $11.0 billion includes 4.66 million ETH (valued at ~$9.66B), $1.1 billion in cash, 196 Bitcoin, and $295 million in other investments.
- ETH Staking Progress: 3.14 million ETH (valued at $6.5 billion) are currently staked, generating $184 million in annualized revenue. The company's proprietary MAVAN staking solution is on track to launch in Q1 2026.
- Strategic Goal: Bitmine stated it is over 77% of the way toward its strategic goal of acquiring 5% of the total ETH token supply.