As of March 15, 2026 at 7:00 PM ET, the Company’s cryptocurrency holdings include 4,595,562 ETH priced at $2,185 per ETH (NASDAQ: COIN), 196 Bitcoin (BTC), a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshot”), and total liquidity of $1.2 billion of dollars. Bitmine’s ETH holdings represent 3.81% of ETH supply (equal to 120.7 million ETH).
“Since the start of the war with Iran, cryptocurrency prices have performed above average, and Ethereum has outperformed the S&P 500 Index by 2,450 basis points.” This is a significant outperformance in just two weeks,” said Thomas “Tom” Lee, president of Bitmine.
“In our view, rising oil prices are generating fears of a slowdown in global economic growth.” And when investors fear a slowdown, they buy “growth stocks” including MAG7, software and cryptocurrencies. As the chart below illustrates, cryptocurrencies are moving in lockstep with software stocks,” Lee continued.
In the last week, Bitmine also made two strategic transactions. First, Bitmine increased its investment in the current “ambitious project” Eightco (ticker: $ORBS) by bringing in another $80 million (link here). ORBS acquired a $50 million equity stake in OpenAI and a $25 million equity stake in Beast Industries. “ORBS is, currently, the only publicly traded stock in the world to offer investors direct exposure to OpenAI.” OpenAI plans to launch an IPO in 2026, a highly anticipated move, and investors can gain direct exposure via ORBS today. Additionally, we see strong synergies between WorldChain (Proof of Human), the industry-leading AI platform (OpenAI), and the world’s largest content creator, Mr. Beast. Eightco is working with ARK, Cathie Wood’s company, as a strategic advisor, further increasing the attractiveness of ORBS.”
Secondly, Bitmine acquired 5,000 ETH from the Ethereum Foundation (EF, link here) allowing the latter to finance its core activities. “Bitmine acquired the ETH to demonstrate its support for EF’s goals and activities by allowing it to raise capital without having to sell its ETH on the open market.”
“Over the past two weeks, Bitmine has slightly increased the pace of ETH purchases, as our baseline assumption is that ETH is in the final stages of the “mini-crypto winter.” “In the past week, we acquired 60,999 ETH, compared to a weekly average of 45,000-50,000 units seen recently,” Lee said.
As of March 15, 2026, the total ETH staked on Bitmine was 3,040,515 ($6.6 billion, considering a price of $2,185 per ETH). “Bitmine has staked more ETH than any other entity in the world. “At scale (when Bitmine ETH is fully staked by MAVAN and its staking partners), ETH staking returns are estimated to be $272 million per year (with a 7-day BMNR yield of 2.81%),” Lee said.
“Annual revenue from staking is currently $180 million.” These 3.0 million ETH make up approximately 66% of the 4.6 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.79%, while Bitmine staking operations have generated a 7-day return of 2.81% (annualized). We continue to make progress on our staking solution known as the Made in America VAlidator Network (MAVAN). It will be the “best-in-class” solution, offering secure staking infrastructure and will be implemented in early calendar 2026. “Bitmine is currently working with 3 staking providers as the company prepares to launch MAVAN in 2026,” continued Lee.
Bitmine’s cryptocurrency holdings rank first in the Ethereum treasury rankings and second in the global treasury rankings, behind Strategy Inc. (NASDAQ: MSTR), which holds 738,731 BTC worth $53 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the United States. According to Fundstrat data, the stock had an average daily trading volume of $1.0 billion (5-day average, as of March 13, 2026), ranking it 105th in the US, behind Nike (104th) and ahead of Starbucks (106th) among 5,704 US-listed stocks (statista.com and Fundstrat research).
In 2025, the GENIUS Act and the Securities and Exchange Commission’s (“SEC”) Project Crypto represent a transformation for financial services equal to that brought about by the action taken by the United States on August 15, 1971, which ended the Bretton Woods system and the U.S. dollar gold standard 54 years ago. The 1971 event was the catalyst for the modernization of Wall Street, giving rise to the iconic titans of Wall Street and today’s financial and payments infrastructure. Such investments have proven to be more successful than gold.
The President’s message is available here: https://www.Bitminetech.io/chairmans-message
The full-year 2025 earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
For all updates, you can register at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the United States. The company is using excess capital to become the world’s leading Ethereum treasury firm, with an innovative digital asset strategy for institutional investors and public market participants. Guided by the “alchemy of 5%” philosophy, the Company is committed to using ETH as its primary treasury reserve asset, leveraging native protocol-level assets, including staking mechanisms and decentralized finance. In Q1 2026, the company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets.
For more information, follow us on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. Specifically, this document contains forward-looking statements regarding the progress and achievement of the Company’s objectives regarding the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and progress of the Company’s Ethereum treasury strategy, and the benefits applicable to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine’s ability to keep pace with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; the competitive environment of Bitmine’s business; and the future value of Bitcoin and Ethereum. Actual future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the “Risk Factors” section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as in any other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine assumes no obligation to update these statements in the event of revisions or modifications after the date of publication of this press release, except as required by law.
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