Bitmine Immersion Technologies says it now holds 4.423 million ethereum, pushing total crypto and cash reserves to $9.6 billion as it doubles down on its bid to control 5% of the ETH supply.
Digital Asset Treasury Firm Bitmine Adds 51,162 ETH Amid Market Pullback
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BMNR Ranks Among Most Traded U.S. Stocks With $0.7B Daily Volume
Bitmine Immersion Technologies (NYSE American: BMNR) disclosed that its total crypto, cash, and “moonshot” investments now stand at $9.6 billion, anchored by 4,422,659 ETH valued at $1,958 per token as of Feb. 22 at 6 p.m. ET. The company’s announcement comes at the same time Strategy revealed purchasing another 592 BTC.
The Las Vegas-based company stated on Monday that it controls 3.66% of ethereum’s 120.7 million token supply and says it is more than 73% of the way toward its goal of acquiring 5% of all ETH available. In the past week alone, the firm added 51,162 ETH, framing the recent price dip as an opportunity rather than a setback.
Chairman Tom Lee described the strategy as disciplined treasury execution during what he still calls a “mini crypto winter,” emphasizing long-term accumulation and yield optimization. He pointed to Wall Street tokenization, artificial intelligence (AI)-driven blockchain usage, and the creator economy as structural drivers behind ethereum’s utility.
To date, Bitmine has staked 3,040,483 ETH—about $6 billion at current pricing—representing roughly 69% of its total ETH holdings. Annualized staking revenue stands at $171 million, with a 7-day annualized yield of 2.89%, slightly above the Composite Ethereum Staking Rate of 2.81%.
The company is developing its Made in America Validator Network, or MAVAN, which it says will launch in early 2026 as a secure staking infrastructure platform.
Beyond ethereum, Bitmine holds 193 bitcoin, $691 million in cash, a $200 million stake in Beast Industries and a $17 million position in Eightco Holdings. The firm ranks as the largest ethereum treasury globally and the second-largest crypto treasury overall, behind Strategy.
Tom Lee Labels Crypto Dip a ‘Mini-Winter’ as Bitmine Adds 45,759 ETH
Bitmine Immersion Technologies has added another 45,759 ethereum to its treasury, boosting its already massive stash as Chairman Tom Lee…
Read Now
Tom Lee Labels Crypto Dip a ‘Mini-Winter’ as Bitmine Adds 45,759 ETH
Bitmine Immersion Technologies has added another 45,759 ethereum to its treasury, boosting its already massive stash as Chairman Tom Lee…
Read NowTom Lee Labels Crypto Dip a ‘Mini-Winter’ as Bitmine Adds 45,759 ETH
Read NowBitmine Immersion Technologies has added another 45,759 ethereum to its treasury, boosting its already massive stash as Chairman Tom Lee…
Shares of BMNR are also among the most actively traded in the U.S., with a five-day average daily dollar volume of $0.7 billion, ranking 165th among 5,704 listed stocks. Still, BMNR shares have lost more than 28% this month and over 57% across the six-month timeframe.
FAQ 🔎
- What is Bitmine’s current ETH holding?
Bitmine holds 4,422,659 ETH, representing 3.66% of the total supply. - How much are Bitmine’s total crypto and cash reserves?
The company reports $9.6 billion in combined crypto, cash, and other investments. - How much ETH has Bitmine staked?
Bitmine has staked 3,040,483 ETH, or about $6 billion at current pricing. - What is MAVAN?
MAVAN is Bitmine’s planned U.S.-based staking network expected to launch in early 2026.
