BitMine Immersion Technologies

BMNR

Market cap $12.3B

Bitmine Immersion generated $10.2 million in staking revenue with $306,000 in costs, achieving over 97% gross margin in the latest quarter. Legacy Bitcoin mining produced $1.51 million in revenue against $1.44 million in costs, highlighting structurally weak margins versus the staking model. Bitmine holds 4.875 million ETH (~4.04% supply), generating $212 million annualized revenue from 3.3 million staked tokens.

Strive (NASDAQ:ASST) stock is up 13% in Friday afternoon trading while Bitmine Immersion Technologies (NYSE:BMNR) shares are up 5%, as a broad crypto rally sends both names sharply higher.

Eightco remains largest disclosed Worldcoin (WLD) token holder ahead of the World Lift Off Event Eightco holds 277 million Worldcoin (WLD) tokens (~9% of circulating supply), the largest publicly disclosed institutional position and anchor of the Proof-of-Human thesis Eightco offers public market access to the most innovative private companies including OpenAI and Beast Industries Eightco treasury composition as of April 16, 2026: $90M OpenAI equity, $25M Beast Industries equity, 11,068 ETH , 277 million WLD holdings, and $112M cash and equivalents EASTON, Pa., April 16, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or "the Company") today provided an update on its portfolio ahead of the World Lift Off event, reaffirming its position of 277 million Worldcoin (WLD) tokens, approximately 9% of circulating supply and the largest publicly disclosed institutional holding.

BitMine Immersion Technologies is aggressively building an Ethereum ecosystem business, not just holding crypto assets, yet trades at yearly lows. BMNR expects up to $300 million in annual ETH staking rewards, with 3.3 million ETH staked and nearly 4% of the total ETH supply owned. The MAVAN platform targets institutional ETH staking demand, leveraging dual tailwinds from Wall Street tokenization and AI-driven blockchain needs.

Bitmine now owns more than 4% of the total ETH coin supply of 120.7 million Bitmine is 81% of the way to the 'Alchemy of 5%' in just 9 months Bitmine uplisted to the New York Stock Exchange ("NYSE") from the NYSE American effective as of April 9, 2026 Bitmine has 3,334,637 staked ETH, representing $7.4 billion at $2,206 per ETH MAVAN (Made in America Validator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience Bitmine owns $85 million of Eightco (NASDAQ-ORBS), now one of the only publicly listed equities in the world to give investors direct exposure to OpenAI Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.8 billion, including 4.875 million ETH tokens, total cash of $719 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine is the 117th most traded stock in the US, trading $747 million per day (5-day avg) Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH NORWALK, Conn., April 13, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $11.8 billion.

Bitmine Immersion Technologies has pivoted to become the largest Ethereum treasury globally, with a bold 5% ETH accumulation strategy. Upcoming Q2 2026 earnings are pivotal, as revenue and EPS forecasts depend on MAVAN staking income being recognized as operating revenue. BMNR's fortress balance sheet—$864 million cash, 4.8 million ETH, no net debt—supports a $4 billion buyback, but ongoing dilution remains a risk.

Tom Lee's BitMine (BMNR) and Michael Saylor's Strategy (MSTR) have become the biggest Digital Asset Treasury (DAT) companies in Wall Street. Their stocks have plunged sharply from their all-time highs as Ethereum and Bitcoin prices have plunged in the past few months.

Bitmine Immersion Technologies is rated a strong buy, trading below mNAV despite differentiated income-generating infrastructure and institutional-grade Ethereum exposure. BMNR's hybrid model combines large-scale ETH holdings, staking, and validator services, with MAVAN projected to generate $300 million annually in staking rewards. BMNR's scale, liquidity, and NYSE main board move position it as a top institutional vehicle for Ethereum exposure amid rising regulatory clarity and institutional adoption.

Joining NYSE "Big Board" represents a major milestone for Bitmine, the world's largest holder of Ethereum Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the 'Alchemy of 5%' in just 9 months Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.4 billion, including 4.803 million ETH tokens, total cash of $864 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH NORWALK, Conn., April 9, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") (NYSE: BMNR), a Bitcoin and Ethereum network company focused on long-term crypto asset accumulation, today announced its successful uplisting to the New York Stock Exchange ("NYSE").

Strategy (NASDAQ:MSTR) stock and Bitmine Immersion Technologies (NYSE:BMNR) shares are both surging 6% Monday morning.