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Bitmine receives NYSE approval, reports $11.4 billion in crypto holdings

April 6, 2026 8:30 AM

Bitmine Immersion Technologies Inc. (NYSE American: BMNR) announced it has received approval to uplist from NYSE American to the New York Stock Exchange, with trading on the NYSE set to begin April 9, 2026. The company will continue trading under the ticker symbol BMNR.

The cryptocurrency investment firm reported total holdings of $11.4 billion as of April 5, 2026, including 4.8 million Ethereum tokens valued at $2,123 each, according to a company statement. The holdings comprise $864 million in cash, 198 Bitcoin, and investments in other ventures including a $200 million stake in Beast Industries and $92 million in Eightco Holdings (NASDAQ: ORBS).

Bitmine currently owns 3.98% of the total Ethereum supply and has 3.3 million ETH tokens staked through its MAVAN staking platform, generating approximately $196 million in annualized staking revenues. The company acquired 71,252 ETH tokens in the past week, representing its highest purchase pace since December 22, 2025.

The company trades an average daily dollar volume of $987 million, ranking 96th among US-listed stocks by trading volume, according to data from Fundstrat. This places it between Schlumberger and Adobe in terms of daily trading activity.

Chairman Thomas "Tom" Lee attributed recent market performance to ongoing geopolitical tensions, stating that "ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp."

Bitmine operates as both a Bitcoin mining company and Ethereum treasury firm, focusing on accumulating cryptocurrency for long-term investment. The company launched MAVAN (Made in American Validator Network) as an institutional-grade Ethereum staking platform.

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