Bitmine has recently announced a significant corporate milestone with the approval for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. As part of this transition, the company’s common stock will stop trading on the NYSE American following the market close on April 8, 2026, and will begin trading on the NYSE at the start of the trading day on April 9, 2026. The stock will continue to trade under the existing ticker symbol “BMNR.”
As of April 5, 2026, Bitmine’s cryptocurrency portfolio is robust, including 4,803,334 ETH valued at approximately $2,123 per ETH, along with 198 Bitcoin (BTC). Furthermore, the company holds a $200 million stake in Beast Industries and a $92 million stake in Eightco Holdings, alongside a total cash position of $864 million. Notably, Bitmine’s Ethereum (ETH) holdings represent a significant 3.98% of the total ETH supply, estimated at 120.7 million.
Thomas “Tom” Lee, Chairman of Bitmine, emphasized the ongoing conflict in Iran, which has now entered its sixth week, as a critical influence on global markets. He pointed out that Ethereum has emerged as a strong performer amid market turmoil, boasting a 6.8% gain since the onset of the war, significantly outperforming the S&P 500 by 1,130 basis points and surpassing gold by 1,840 basis points. This performance underscores Ethereum’s growing reputation as a store of value during wartime, as Lee noted the war has exerted greater pressure on risk markets than the actions of global central banks.
Lee further highlighted that Bitmine has ramped up its Ethereum acquisition in the last month, purchasing 71,252 ETH recently—the fastest pace of buying since December 2025. This strategy comes as Bitmine launched MAVAN (the Made in America Validator Network), designed as an institutional-grade staking platform. Initially intended for Bitmine’s Ethereum treasury, MAVAN aims to broaden its service offerings to institutional investors and ecosystem partners seeking high-quality staking infrastructure. As of April 6, 2026, Bitmine has staked an impressive 3,334,637 ETH on this platform, valued at approximately $7.1 billion.
Bitmine’s staking operations are currently generating substantial returns, with annualized staking revenues reaching $196 million. The company asserts that it controls the largest Ethereum treasury globally, with its holdings positioning it as the number one Ethereum treasury and the second largest overall, trailing only Strategy Inc., which holds 762,099 BTC valued at $51 billion.
In terms of trading volume, Bitmine has gained substantial traction, ranking as one of the most actively traded stocks in the US. According to recent data, the stock has recorded an average daily dollar volume of $987 million, situating it at #96 among 5,704 US-listed stocks.
Lee made a comparison between current regulatory initiatives like the GENIUS Act and the SEC’s Project Crypto and past major financial milestones such as the 1971 decision to break the gold standard. He believes these developments could reshape financial services much like the actions taken over five decades ago.
For more information about Bitmine’s operations, regulatory updates, and strategic initiatives, interested parties are encouraged to visit the company’s official website and its social media platforms. However, potential investors are reminded that forward-looking statements in the company’s communication contain inherent risks and uncertainties. Actual future performance may differ materially from expectations due to various factors, including market conditions and regulatory changes.
