Bitmine Immersion Technologies Inc. (NYSE AMERICAN: BMNR) reported total cryptocurrency and cash holdings of $10.3 billion as of March 8, according to a company statement. The holdings include 4.535 million Ethereum tokens, $1.2 billion in cash, and other investments.

The company holds 4,534,563 ETH tokens valued at $1,965 per token, representing 3.76% of the total ETH supply of 120.7 million tokens. Bitmine also owns 195 Bitcoin, a $200 million stake in Beast Industries, and $14 million in Eightco Holdings (NASDAQ: ORBS).

Of its ETH holdings, 3,040,483 tokens are staked, generating what the company states are annualized staking revenues of $174 million. The staked ETH represents approximately 67% of Bitmine's total ETH holdings.

Bitmine acquired 60,976 ETH tokens in the past week, compared to its stated average of 45,000 to 50,000 weekly acquisitions recently. The company plans to launch its MAVAN staking infrastructure in the first quarter of 2026.

According to Fundstrat data cited by the company, Bitmine stock traded an average daily dollar volume of $1.0 billion over a five-day period as of March 6, ranking it 125th among US-listed stocks by trading volume.

Chairman Thomas Lee stated in the announcement that the company believes cryptocurrency prices are in the final stages of a "mini-crypto winter" and plans to increase its pace of ETH accumulation.

The company describes itself as a Bitcoin miner deploying excess capital toward becoming a leading Ethereum treasury company. Bitmine is backed by institutional investors including ARK's Cathie Wood, Founders Fund, and others according to the statement.