Bitmine Immersion Technologies provided an operational update, announcing total crypto, cash, and investment holdings of $9.9 billion as of March 1, 2026. The company's treasury is primarily composed of 4.474 million ETH tokens, which represents 3.71% of the total ETH supply. Bitmine also highlighted its staking operations and a recent investment.
Key Details
- Total Holdings: $9.9 billion, including 4,473,587 ETH tokens, $868 million in cash, a $200 million investment in Beast Industries, and 195 BTC.
- ETH Staking: 3,040,483 ETH (approximately 68% of its holdings) are currently staked, valued at $6.0 billion and generating an estimated $172 million in annualized revenue.
- Strategic Updates: The company recently closed an initial $200 million investment into Beast Industries and plans to launch its proprietary MAVAN staking solution in Q1 2026.