Bitmine Immersion Technologies reported total holdings of $10.7 billion as of February 1, 2026. This portfolio includes 4.285 million Ethereum tokens. This represents 3.55% of the total ETH supply, solidifying its position as the world’s largest corporate Ethereum treasury. The company has nearly 2.9 million ETH staked. This staking generates approximately $188 million in annualized revenue.
Despite the announcement, Bitmine stock fell over 11% in premarket trading on February 2. The decline followed a sharp decrease in Ethereum’s price. ETH recently dropped from approximately $3,000 to $2,300. The company faces billions in unrealized losses due to market volatility. This reaction highlights the substantial risks associated with maintaining a large crypto position on its balance sheet.