BitMine’s Uplisting to NYSE Marks $11.4 Billion Crypto Holdings
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Bitmine Immersion Technologies (BMNR) has reported a significant total of $11.4 billion in combined crypto and cash assets, as it prepares for its transition to the New York Stock Exchange (NYSE).
The trading on the NYSE is slated to commence on April 9, 2026, following the conclusion of its shares trading on the NYSE American on the previous day. Notably, the firm will keep its existing ticker symbol.
At present, BitMine possesses a notable collection of 4,803,334 Ethereum (ETH) tokens, valued at $2,146 each. Additionally, the company’s assets include 198 Bitcoin (BTC), a $200 million investment in Beast Industries, a $92 million holding in Eightco Holdings (ORBS), and a cash reserve of $864 million.
This impressive portfolio allows BitMine to control approximately 3.98% of the circulating ETH, which is a substantial step toward its objective of accumulating 5% of the total supply. Since shifting its focus from Bitcoin mining to Ethereum, which occurred in mid-2025, the company has adopted this accumulation strategy.
Recently, BitMine made its largest weekly purchase of Ethereum in several months, acquiring 71,252 ETH in the week that concluded on April 5.
In the context of current global events, chairman Tom Lee highlighted Ethereum’s performance amid the ongoing conflict in Iran, which began on February 28 with coordinated military actions involving the US and Israel. Lee noted that Ethereum has emerged as a prominent asset during this period, achieving a 6.8% gain since the conflict began, outpacing the S&P 500 significantly.
He emphasized that Ethereum’s current status as a reliable store of value stands in contrast to traditional assets like gold, showing a strong investor confidence that may lead to a resurgence of capital into risk assets.
In a concurrent discussion, Geoff Kendrick, who leads digital asset research at Standard Chartered, suggested that Ethereum is likely to gain traction as traditional finance increasingly engages with blockchain technologies.
On the staking front, BitMine has staked 3,334,637 ETH, yielding an annual percentage return of 2.78% and generating revenues from staking of around $196 million. The introduction of MAVAN, an institutional-grade Ethereum staking platform, is aimed at serving various custodians and partners within the ecosystem.
Ranked 96th by daily trading volume in the US at $987 million, BitMine’s investor roster boasts notable names such as Cathie Wood from ARK Invest, Founders Fund, and Pantera, alongside personal stakes from Tom Lee himself.
As the company prepares for its uplisting and continues to broaden its ETH acquisition and staking strategies, it is poised to redefine institutional interest in an Ethereum-driven treasury model, which stands as a direct contender to the Bitcoin-focused strategies employed by other firms like Strategy Inc.
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