Bitmine Immersion Technologies (BMNR) provided an operational update, announcing its total crypto, cash, and strategic investment holdings have reached $11.5 billion as of March 15, 2026. The company also disclosed a significant follow-on investment in Eightco ($ORBS) to support its purchase of an equity stake in OpenAI.
Key Details
- Total Holdings: Valued at $11.5 billion, consisting of 4.596 million ETH (worth ~$10B), $1.2 billion in cash, 196 BTC, and other strategic investments.
- Strategic OpenAI Investment: Increased its investment in Eightco (ORBS) by $80 million to support ORBS's $50 million equity purchase in OpenAI, providing public investors indirect exposure to the AI company.
- Staking Operations Update: Currently has 3.04 million ETH staked (valued at $6.6 billion), generating $180 million in annualized revenue. Its proprietary MAVAN staking solution is on track for a Q1 2026 launch.
- ETH Accumulation: The company's ETH holdings now represent 3.81% of the total circulating supply. BMNR also recently acquired 5,000 ETH directly from the Ethereum Foundation.