Bitmine Immersion Technologies (NYSE: BMNR) has announced a staggering world record of 5.078 million ETH tokens, representing 4.21% of the total Ethereum supply. Total crypto, cash, and "moonshots" now stand at $13.3 billion.
Key Highlights
- ETH holdings crossed 5 million, just 84% of the way to the 'Alchemy of 5%' target in only 10 months.
- 3.7 million ETH is staked, generating an annualized yield of 3.033% (7-day average), worth approximately $264 million annually.
- Bitmine is now the #1 Ethereum treasury and #2 global crypto treasury behind Strategy Inc. (MSTR).
- The company recently uplisted to the NYSE from NYSE American, effective April 9, 2026.
- Average daily trading volume of BMNR stock is $845 million, ranking #129 among US stocks.
Why This Matters
Chairman Thomas "Tom" Lee emphasized that Ethereum is benefiting from dual tailwinds: Wall Street tokenization on blockchain and agentic AI systems requiring public, neutral blockchains. He noted that ETH has outperformed the S&P 500 by 1,696 basis points since the Iran War began.
Staking Infrastructure
Bitmine launched MAVAN (Made in America Validator Network), an institutional-grade staking platform. With 73% of its ETH already staked, projected annual staking rewards could reach $363 million when fully deployed.
Regulatory Tailwinds
The GENIUS Act and SEC's Project Crypto are seen as transformational, similar to the end of Bretton Woods in 1971, which catalyzed modern Wall Street.
Investor Backing
Bitmine is supported by prominent investors including ARK's Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee himself.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!