Bitmine Immersion Technologies, Inc. released a press release on November 2, 2026, disclosing total crypto, cash, marketable securities, and "moonshot" holdings of $14.5 billion as of November 1, 2026, and providing commentary on recent developments in the Ethereum staking and broader crypto markets.

Key Highlights

  • Total holdings: Bitmine reported crypto, total cash and marketable securities, and "moonshot" investments totaling $14.5 billion as of November 1, 2026.
  • ETH position: The company held 6,060,506 ETH valued at $2,261 per ETH, representing 4.9% of the total ETH supply of 122.2 million.
  • Staked ETH: As of November 1, 2026, Bitmine's total staked ETH stood at 5,227,037, valued at $11.8 billion at $2,261 per ETH.
  • Projected staking rewards: At full scale, the company projected annualized ETH staking rewards of $415 million, based on a 3.03% 7-day BMNR yield, according to the filing.
  • Moonshot investments: Holdings included an $82 million stake in Eightco Holdings (NASDAQ:ORBS) and a $180 million stake in Beast Industries.
  • Cash and securities: Total cash and marketable securities were reported at $498 million.
  • Russell 1000 addition: The company disclosed it was added to the Russell 1000 Large-cap index on June 26, 2026.

Bitmine's ETH Treasury Position and MAVAN Staking Platform

According to the filing, Bitmine Immersion Technologies, Inc. (NYSE:BMNR) operates as a blockchain technology infrastructure company focused on institutional digital asset staking, bitcoin mining, and strategic digital asset management. The company described itself as the world's leading Ethereum treasury company, holding 6,060,506 ETH as of November 1, 2026, priced at $2,261 per ETH per Coinbase (NASDAQ:COIN). The company also held 216 Bitcoin as part of its total portfolio.

Earlier in 2026, Bitmine launched MAVAN, described in the filing as the "Made in America VAlidator Network," an institutional-grade staking platform. The filing stated that MAVAN was originally developed to support Bitmine's own Ethereum treasury but has since expanded to serve institutional investors, custodians, and ecosystem partners. The company reported that 5,227,037 ETH, or approximately 86% of its total ETH holdings, was staked as of November 1, 2026. Current annualized staking revenues were reported at $358 million based on 5.2 million staked ETH, with a projected figure of $415 million at full scale.

Chairman Thomas "Tom" Lee addressed the Binance security incident in the filing, stating that $6.3 billion of customer funds was stolen and that the FBI named North Korea (DPRK) as the perpetrator within two days. Lee noted that ETH declined approximately 4% following the Binance disclosure, compared to an 8% single-day drop and a 20% decline within one week following the February 2025 ByBit hack, in which $1.5 billion was stolen. The filing listed six factors that Lee cited to explain the more limited market reaction, including Binance's stated financial capacity to cover customer losses and the absence of a cascade of decentralized finance protocol failures. The filing also noted that Bitmine has acquired ETH each week since the inception of its ETH Treasury Strategy on June 30, 2025, acquiring 8,573 ETH over the most recent week referenced in the press release.

What Was Disclosed

Bitmine disclosed total holdings of $14.5 billion as of November 1, 2026, including 6,060,506 ETH, $498 million in cash and marketable securities, and minority stakes in Beast Industries and Eightco Holdings. The company also provided staking metrics and commentary on recent crypto market events.