Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.976 Million Tokens, and Total Crypto and Total Cash Holdings of $12.9 Billion

Bitmine now owns more than 4% of the total ETH coin supply of 120.7 million

Bitmine is 82% of the way to the 'Alchemy of 5%' in just 9 months

Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the

blockchain and from agentic AI systems increasingly needing public and neutral

blockchains

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 $7.7 billion at $2,301 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 $107 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 $12.9 billion, including 4.976 million

ETH tokens, total cash of $1.12 billion, 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 80th most traded stock in the US, trading $1.2 billion 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 20, 2026 /CNW/ -- (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 $12.9 billion.

The Company recently announced its uplisting to the New York Stock Exchange ("NYSE") from the NYSE American on April 9, 2026. The Company's common stock continues to trade under the symbol "BMNR".

As of April 19, 2026 at 4:00pm ET, the Company's crypto holdings are comprised of 4,976,485 ETH at $2,301 per ETH (Coinbase NASDAQ:COIN), 199 Bitcoin (BTC), $200 million stake in Beast Industries, $107 million stake in Eightco Holdings (NASDAQ:ORBS) ("moonshots") and total cash of $1.12 billion. Bitmine's ETH holdings are 4.12% of the ETH supply (of 120.7 million ETH).

"We see growing signs that the 'mini-crypto' winter is coming to an end. As downside tail risks for the US-Iran war diminish, ETH has risen 41% from its early February lows. And ETH has outperformed the S&P 500 by 2,280 basis points since the war started and remains the single best performing asset in the world (beside crude oil prices). Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains. In our view, there is a lot of meaning to ETH being the best 'war-time store of value' and to ETH being the asset leading since the war started," said Thomas "Tom" Lee, Chairman of Bitmine.

"While many believe the crypto winter may last through the Fall of 2026, our view remains that the crypto winter is much closer to ending. Every major crypto winter since 2015 has coincided with an equity drawdown of at least 20%. In fact, the 2025 crypto drawdown moved in sync with the 20% decline in the S&P 500. But in 2026, the equity decline has been milder at -8%," continued Mr. Lee.

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 101,627 ETH, which is the highest pace of buys since the week of December 15, 2025," stated Lee.

Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of April 20, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.7 billion at $2,301 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $330 million annually (using 2.88% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now $221 million. And this 3.3 million ETH is about 67% of the 4.98 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.76%, while Bitmine's own staking operations generated a 7-day yield of 2.88% (annualized)," continued Lee.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ:MSTR), which reportedly owns 780,897 BTC valued at $58.2 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.2 billion (5-day average, as of April 17, 2026), ranking #80 in the US, behind Uber Technologies (rank #79) and ahead of D-Wave Quantum (rank #81) among 5,704 US-listed stocks (statista.com and Fundstrat research).

The GENIUS Act and Securities and Exchange Commission's (the "SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman's message can be found here: https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine

Bitmine (NYSE:BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding: (i) progress and achievement of the Company's goals regarding ETH acquisition, including the 'Alchemy of 5%' initiative and the long-term value of Ethereum; (ii) the Company's beliefs regarding Ethereum's performance relative to other assets, including its characterization as a "wartime store of value" and its performance during geopolitical events; (iii) the Company's expectations regarding the current state and future trajectory of the cryptocurrency market, including statements that ETH may be in the "final stages of the mini-crypto winter"; (iv) continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company; (v) the Company's share repurchase program, including statements regarding shares trading below intrinsic value, the Company's ability to accretively retire common shares, and the execution of repurchases through open market transactions; (vi) the Company's digital asset accumulation strategy and staking operations, including MAVAN, its expansion to serve institutional investors, custodians, and ecosystem partners, and projected annual staking revenues and rewards; (vii) statements regarding the benefits of Wall Street tokenization on the blockchain and agentic AI systems utilizing public blockchains; (viii) expectations regarding the potential impact of regulatory developments, including the GENIUS Act and SEC Project Crypto, on financial services and digital assets; and (ix) the Company's financial flexibility to support its treasury operations and expanded repurchase authorization. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, share repurchase program, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; geopolitical events and their impact on cryptocurrency markets; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in 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 all other SEC filings, 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 undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Bitmine Immersion Technologies, Inc.

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