Bitmine’s $11.4B ETH Treasury Hits 4.8M, NYSE Main Board by Apr 9

Bitmine Immersion Technologies (BMNR) said its corporate treasury has topped 4.8 million ETH, valued at about $11.4B in crypto and cash. The holding size is nearly 4% of ETH’s circulating supply. The company’s “Alchemy of 5%” push targets becoming the largest non-foundational ETH holder. The NYSE approved Bitmine’s uplisting from NYSE American to the main NYSE board, effective April 9, 2026 (April 8 is the last day on NYSE American). Bitmine is described as being overwhelmingly ETH-focused: it holds millions of ETH plus smaller BTC exposure, and it has staked more than 3.3 million ETH with an indicated annualized yield around 2.78%. The later report also spotlights MAVAN, Bitmine’s institutional staking platform framed as a regulated bridge for compliant Ethereum staking, citing institutions including ARK Invest and Pantera Capital. For ETH traders, the headline is a sentiment catalyst: large spot accumulation plus the “institutional staking” narrative may reinforce expectations of ETH demand. Trade-wise, any visible “treasury-driven” inflows tied to BMNR stock and its staking messaging could add short-term volatility to ETH-linked trades, even as the medium/longer-term tone supports institutional comfort with ETH treasury and staking models.