Tom Lee’s BitMine Storms the NYSE With $11 Billion in Crypto

Bitmine Immersion Technologies (BMNR) announced it will uplist to the New York Stock Exchange (NYSE) on April 9, 2026, after trading on the NYSE American ceases on April 8. The company boasts $11.4 billion in total crypto and cash holdings, including 4,803,334 Ethereum (ETH) valued at approximately $10.3 billion, 198 Bitcoin (BTC), a $200 million stake in Beast Industries, a $92 million stake in Eightco Holdings, and $864 million in cash. Bitmine now holds 3.98% of all ETH in circulation, with a strategic goal of accumulating 5%. Chairman Tom Lee views Ethereum as a wartime safe haven, outperforming the S&P 500 and gold amidst the ongoing Iran conflict, and benefiting from Wall Street's move towards tokenization and AI demand. The company has 3,334,637 ETH staked, generating $196 million in annualized staking revenue, and has launched MAVAN, an institutional-grade staking platform. BitMine's institutional investors include ARK Invest, Founders Fund, Pantera, Kraken, and Galaxy Digital. It now ranks as the second-largest crypto treasury company globally, trailing only MicroStrategy.

(Source：BeInCrypto)