BitMine Immersion's $11B Crypto and Cash Holdings

By Chris Stiles • Monday, March 23 17:14 • Permanent Link

BitMine Immersion Technologies said its crypto, cash and “moonshots” holdings rose to $11.0 billion as of March 22, 2026, up from the prior period’s lower base as the company accelerated Ethereum accumulation.

The company reported 4,660,903 ETH, 196 bitcoin, a $200 million stake in Beast Industries, a $95 million stake in Eightco Holdings, and $1.1 billion in cash. Its ETH position alone was valued at about $9.7 billion at $2,072 per token.

BitMine said it now owns 3.86% of the Ethereum supply, or 120.7 million ETH, and is more than 77% of the way to its stated 5% target after eight months.

Staked ETH reached 3,142,643 tokens, valued at $6.5 billion at the same ETH price. That staked balance represented about 67% of BitMine’s total ETH holdings. The company said annualized staking revenue is now $184 million, while its at-scale staking reward estimate is $272 million annually.

In the latest week, BitMine said it bought 65,341 ETH, above its prior weekly pace of 45,000 to 50,000 ETH. Over the past three weeks, it said it maintained the higher buying rate.

BitMine also said its ETH holdings make it the largest Ethereum treasury in the world and the second-largest crypto treasury globally, behind Strategy’s $52 billion bitcoin position.

On trading activity, BitMine said its stock averaged $1.2 billion in daily dollar volume over the past five days, ranking it 101st among U.S.-listed stocks. Following these announcements, the company's shares moved 0.94%, and are now trading at a price of $31.16. If you want to know more, read the company's complete 8-K report here.

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