BitMine Highlights Massive Ethereum Treasury and MAVAN Staking Launch

BitMine Immersion Technologies ( (BMNR) ) has provided an update.

On March 30, 2026, Bitmine Immersion Technologies reported that as of March 29 it held crypto, cash and “moonshot” investments totaling $10.7 billion, including 4.732 million ETH, 197 Bitcoin, a $200 million stake in Beast Industries, a $102 million position in Eightco Holdings and $961 million in cash. The company said its ETH hoard equals 3.92% of the total Ethereum supply, with 3.14 million tokens staked, making Bitmine the world’s largest Ethereum treasury and placing it second globally among corporate crypto treasuries by value.

Chairman Thomas “Tom” Lee linked the performance of ETH and broader crypto markets to the ongoing Iran war and oil-price dynamics, arguing that digital assets have recently acted as a superior wartime store of value versus gold while remaining sensitive to energy price risks. He added that Bitmine accelerated ETH purchases during what it sees as the final phase of a “mini-crypto winter,” boosting weekly acquisitions and driving annualized staking revenues to about $177 million on a roughly 2.8% yield.

Bitmine also formally launched MAVAN, its institutional-grade Ethereum staking platform built initially for its own treasury but intended to serve external institutions, custodians and ecosystem partners seeking secure, high-performance validator infrastructure. A significant portion of Bitmine’s ETH is already staked via MAVAN, and management projects that fully staking its holdings through the platform and partners could produce hundreds of millions of dollars in annual rewards, reinforcing its strategic tilt toward yield-generating Ethereum assets.

The company emphasized its growing prominence in public markets, noting that BMNR ranks around the 100th most traded U.S. stock with roughly $920 million in average daily dollar volume, a liquidity profile that may appeal to investors seeking direct exposure to large-scale crypto reserves. Bitmine highlighted backing from high-profile institutional investors and framed recent U.S. regulatory and legislative moves around digital assets as structurally transformative for financial services, suggesting a macro backdrop that could further entrench crypto-focused treasury strategies.

The most recent analyst rating on (BMNR) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on BitMine Immersion Technologies stock, see the BMNR Stock Forecast page.

More about BitMine Immersion Technologies

Bitmine Immersion Technologies, Inc. is a U.S.-based Bitcoin miner that is redeploying excess capital to build what it describes as the leading Ethereum treasury globally, positioning ETH as its primary treasury reserve asset alongside Bitcoin. The company targets institutional investors and public market participants with an “alchemy of 5%” strategy, leveraging protocol-level activities such as staking and decentralized finance via its MAVAN (Made-in America VAlidator Network) infrastructure launched in 2026.

Bitmine operates as a Bitcoin and Ethereum network company listed on NYSE American under the ticker BMNR, and it has become one of the most actively traded U.S. equities by dollar volume. Its model combines core mining operations with large-scale ETH accumulation and staking, supported by a roster of prominent institutional backers and focused on generating yield from its digital asset holdings over the long term.

Average Trading Volume: 45,159,755

Technical Sentiment Signal: Sell

Current Market Cap: $8.36B

For a thorough assessment of BMNR stock, go to TipRanks’ Stock Analysis page.