Shares of Bitmine Immersion Technologies (BMNR) rose about 7% intraday Monday after the company said it added 71,252 ETH over the past week and secured approval for a New York Stock Exchange uplisting.

Data from Yahoo Finance shows that BMNR rose to as high as $20.6 after the market open, though the stock remains down 23% year-to-date. Over the past year, shares have rallied roughly 187%.

The Ethereum-focused firm ranks among the most actively traded US stocks, with average daily dollar volume of about $987 million over the four days through April 2, according to Fundstrat. That places it 96th nationwide, just behind Schlumberger and ahead of Adobe among more than 5,700 listed companies.

BMNR shares will cease trading on the junior exchange after the close on April 8 and transition to the senior board the following morning. The ticker symbol will remain unchanged.

Bitmine holds nearly 4% of ETH supply

With the latest ETH acquisition, Bitmine now holds 4.8 million ETH, valued at around $10.2 billion. Its ETH stash represents almost 4% of supply.

The company also owns 198 BTC, equity stakes in Beast Industries and Eightco, and $864 million in cash. In total, it has $11.4 billion in crypto, cash, and venture-style “moonshot” investments.

On ETH’s price actions, chairman Tom Lee said he was impressed by the asset’s relative strength during ongoing geopolitical conflict.

“We expect ETH leadership to strengthen investors and eventually take cash off the sidelines,” Lee stated. “Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains.”

Staking operations scale rapidly

Bitmine disclosed that over 3,3 million ETH, worth approximately $7 billion at current prices, is now staked, making the firm the single largest Ethereum staker globally by its own account.

The staked total represents about 69% of the company’s full ETH treasury and runs through MAVAN, the Made in America VAlidator Network, which the company launched as an institutional-grade platform.

Initially built to support Bitmine’s own treasury, MAVAN is designed to eventually serve external institutional investors, custodians, and ecosystem partners.

Annualized staking revenues currently sit at $196 million, based on a seven-day yield of 2.78%. At full deployment, when the entire ETH treasury is staked through MAVAN and its partners, the company projects annual staking rewards of $282 million.