Bitmine Immersion Technologies provided a corporate update, announcing its total crypto, cash, and strategic investment holdings have reached $9.6 billion as of February 16, 2026. The company continues its strategy of accumulating Ethereum, viewing the current market as an attractive opportunity for its long-term outlook.
Key Details
- Total Holdings: The company's holdings total $9.6 billion, comprising 4,371,497 ETH, 193 BTC, a $200 million stake in Beast Industries, a $17 million stake in Eightco Holdings, and a total cash balance of $670 million.
- Staking Operations: Bitmine has 3,040,483 ETH staked (approximately 69% of its holdings), which currently generates $176 million in annualized revenue. The company's proprietary staking solution, MAVAN, is on track to launch in Q1 2026.
- Recent Accumulation: In the past week, the company acquired an additional 45,759 ETH, reinforcing its strategy of steadily buying the asset.