Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and other holdings reached $10.3 billion as of March 8, 2026. The company continues to execute its strategy of accumulating Ethereum (ETH) as its primary treasury reserve asset and is advancing its staking operations.
Key Details
- Total Holdings: The $10.3 billion figure includes 4,534,563 ETH tokens, $1.2 billion in cash, 195 Bitcoin, a $200 million investment in Beast Industries, and a $14 million stake in Eightco Holdings.
- Ethereum Position: The company's ETH holdings are valued at approximately $8.9 billion (at $1,965 per ETH) and represent 3.76% of the total ETH supply.
- Staking Operations: Bitmine has 3,040,483 ETH staked (valued at $6.0 billion), generating $174 million in annualized staking revenues. The company's proprietary staking solution, MAVAN, is on track to launch in Q1 2026.