Company’s Crypto Holdings Update as of March 22, 2026

As of March 22, 2026, at 3:00 PM ET, the Company holds 4,660,903 ETH valued at $2,072 each (NASDAQ: COIN), 196 Bitcoin (BTC), a $200 million investment in Beast Industries, a $95 million stake in Eightco Holdings (NASDAQ: ORBS), referred to as “moonshots,” along with total cash reserves of $1.1 billion. Bitmine’s ETH assets represent 3.86% of the total ETH supply, which stands at 120.7 million ETH.

Market Performance Insights

Thomas “Tom” Lee, Chairman of Bitmine, noted that since the onset of the Iran war, crypto, especially ETH, has significantly outperformed traditional markets, with ETH increasing by 18%—a 2,450 basis points advantage over equities. In contrast, gold, a typical safe-haven asset, has seen a decline of over 15%. Lee remarked that crypto is proving to be a reliable store of value during turbulent times.

Legislative Developments

The Clarity Act is making strides in Congress and is anticipated to be signed into law by the end of April. Prediction markets, such as Polymarket.com, suggest there is over a 68% chance of its approval before year-end, which would serve as a positive catalyst for Ethereum and further indicates that the crypto winter may be nearing its end, according to Lee.

Increased ETH Acquisitions

Bitmine has ramped up its ETH purchases over the past three weeks, acquiring 65,341 ETH last week, compared to a previous average of 45,000 to 50,000 weekly. Lee asserts that ETH is entering the final phase of the “mini-crypto winter.”

Staking Achievements

As of March 23, 2026, Bitmine’s total staked ETH is 3,142,643 ($6.5 billion at $2,072 each). Bitmine boasts the largest ETH stake globally, with annual staking rewards projected at $272 million. Currently, annualized staking revenues stand at $184 million, with 3.1 million ETH constituting about 67% of Bitmine’s total holdings.

Commitment to Staking Infrastructure

Bitmine is actively progressing on its staking solution, The Made in America VAlidator Network (MAVAN), which aims to provide a superior staking infrastructure by early 2026. Collaborations with three staking providers are underway for the successful rollout of MAVAN, focusing on secure operations.

Bitmine’s Market Position

As the leading Ethereum treasury and the second largest global treasury after Strategy Inc. (NASDAQ: MSTR), Bitmine is recognized for its substantial cryptocurrency holdings. Furthermore, it is one of the most actively traded stocks in the U.S., with a daily average trading volume of $1.2 billion as of March 20, 2026.