Company Uplisting Announcement
The company has received approval to uplist from the NYSE American to the New York Stock Exchange (NYSE). Consequently, the Company’s common stock will stop trading on the NYSE American after market close on April 8, 2026, and will begin trading on the NYSE at the start of trading on April 9, 2026, remaining under the ticker symbol “BMNR”.
Current Crypto Holdings
As of April 5, 2026, at 8:30 PM ET, the Company’s cryptocurrency assets include 4,803,334 ETH valued at $2,123 each, 198 Bitcoin (BTC), a $200 million investment in Beast Industries, a $92 million stake in Eightco Holdings, and total cash reserves amounting to $864 million. Bitmine holds 3.98% of the total ETH supply of 120.7 million ETH.
Market Insights
“With the ongoing conflict in Iran now in its sixth week, this situation remains the primary factor influencing global markets. ETH has shown resilience, gaining 6.8% since the onset of the war, outperforming the S&P 500 by 1,130 basis points. Moreover, ETH’s performance surpassing gold by 1,840 basis points highlights its status as a wartime store of value,” commented Thomas “Tom” Lee, Bitmine’s Chairman.
Strength in ETH
“The war’s impact has placed downward pressure on global markets, making it notable that ETH is among the few assets to appreciate overall. This bodes well for future investor confidence as we expect ETH’s leadership to encourage capital allocation away from sidelines,” Lee added. “Ethereum is benefiting from both Wall Street’s tokenization efforts and the increasing reliance of AI systems on public blockchains.”
Increased ETH Purchases
Lee noted that Bitmine has accelerated its ETH purchases over the past month, with 71,252 ETH acquired, marking the highest buying activity since late December 2025. This aligns with their assessment that the crypto market is nearing the end of its current downturn.
Launch of MAVAN Staking Platform
Bitmine has officially introduced MAVAN (Made in American VAlidator Network), an institutional-grade staking platform. Originally designed to support Bitmine’s Ethereum treasury, MAVAN aims to attract institutional investors and partners seeking advanced staking solutions. A portion of Bitmine’s ETH has already been staked through this platform, amounting to 3,334,637 ETH valued at $7.1 billion. This positions Bitmine as the largest ETH treasury globally.
Trading Dynamics and Looking Ahead
According to Fundstrat, Bitmine ranks among the most actively traded stocks in the U.S., with an average daily trading volume of $987 million. This positions the company favorably in a competitive landscape. The GENIUS Act and the SEC’s Project Crypto represent transformative changes in financial services akin to the 1971 transition away from the gold standard, paving the way for advancements in Wall Street and market investment opportunities.
