Bitmine reports $10.7 billion in total holdings with 4.3 million ETH tokens

Bitmine Immersion Technologies Inc. (NYSE AMERICAN: BMNR) announced its cryptocurrency and cash holdings totaled $10.7 billion as of February 1, 2026, according to a company statement.

The company’s holdings include 4,285,125 Ethereum (ETH) tokens valued at $2,317 each, 193 Bitcoin, $586 million in cash, a $200 million stake in Beast Industries, and a $20 million stake in Eightco Holdings (ORBS). The ETH holdings represent 3.55% of the total ETH supply of 120.7 million tokens.

Bitmine has staked 2,897,459 ETH tokens worth $6.7 billion at current prices, generating annualized staking revenues of $188 million based on a 2.81% composite Ethereum staking rate. The company acquired 41,788 ETH tokens in the past week.

The company plans to launch its Made in America Validator Network (MAVAN) staking infrastructure in the first quarter of 2026. MAVAN is designed to provide staking services for Bitmine’s ETH holdings.

"ETH prices have dropped sharply in the past month from approximately $3,000 to approximately $2,300," said Thomas Lee, Executive Chairman of Bitmine, noting that Ethereum daily transactions reached an all-time high of 2.5 million while active addresses hit 1 million daily.

Bitmine trades an average daily dollar volume of $1.1 billion over the past five days, ranking 105th among US-listed stocks by trading volume. The company describes itself as holding the largest ETH treasury globally and the second-largest cryptocurrency treasury behind MicroStrategy Inc. (MSTR).

The company’s institutional investor base includes ARK’s Cathie Wood, Founders Fund, Pantera, and Galaxy Digital, among others.