BitMine Highlights Record Ethereum Treasury and Staking Expansion

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

On March 2, 2026, Bitmine Immersion Technologies reported that as of March 1 it held 4.47 million ETH, or 3.71% of the token’s 120.7 million supply, alongside 195 Bitcoin, $868 million in cash and minority stakes in Beast Industries and Eightco, for combined crypto, cash and “moonshot” holdings of $9.9 billion. The company said it had acquired 50,928 ETH in the prior week during what it described as a “mini crypto winter” amid rising geopolitical tensions following U.S. combat operations against Iran, while emphasizing its view that ETH’s price still lags its underlying utility.

Bitmine disclosed that 3.04 million of its ETH, worth about $6.0 billion at $1,976 per token, was staked, generating an annualized $172 million in rewards and a recent seven-day yield of 2.86%, above the industry Composite Ethereum Staking Rate of 2.83%. Management highlighted continued progress toward deploying its MAVAN staking infrastructure in early 2026, reaffirmed its status as the world’s largest Ethereum treasury and noted that its BMNR stock ranks among the most actively traded in the U.S., underscoring growing market liquidity and institutional backing as it advances its goal of eventually controlling 5% of ETH.

The most recent analyst rating on (BMNR) stock is a Buy with a $30.00 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 become a leading Ethereum treasury company for institutional and public market investors. The firm is committed to using ETH as its primary treasury reserve asset and plans to leverage protocol-level activities such as staking and decentralized finance mechanisms through its Made-in America VAlidator Network, or MAVAN, slated to launch in the first quarter of 2026.

Guided by its “alchemy of 5%” philosophy, Bitmine aims to accumulate 5% of the total ETH supply while operating its own staking infrastructure. The company positions itself as an innovative digital asset strategy provider, integrating mining, large-scale ETH holdings and in-house staking solutions to enhance returns and consolidate its role as a core Ethereum-centric treasury in public markets.

Average Trading Volume: 44,304,030

Technical Sentiment Signal: Sell

Current Market Cap: $8.63B

See more data about BMNR stock on TipRanks’ Stock Analysis page.