Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and investment holdings reached $10.0 billion as of February 8, 2026. The company's strategy is centered on accumulating Ethereum (ETH) as its primary treasury reserve asset, with holdings now representing 3.58% of the total ETH supply.
Key Details
- Total Holdings: Valued at $10.0 billion, comprising 4,325,738 ETH tokens (approx. $9.2 billion), $595 million in cash, 193 BTC, a $200 million stake in Beast Industries, and a $19 million stake in Eightco Holdings.
- Staking Operations: The company has 2,897,459 ETH (worth $6.2 billion) staked, generating annualized staking revenues of $202 million. Its proprietary staking solution, MAVAN, is on track to launch in Q1 2026.
- Recent Activity: Bitmine acquired 40,613 ETH in the past week, continuing its accumulation strategy toward a stated goal of acquiring 5% of the total ETH supply.