Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and investment holdings reached $10.7 billion as of February 1, 2026. The company continues to execute its strategy of accumulating Ethereum (ETH) as its primary treasury reserve asset.
Key Details
- Total Holdings Breakdown: $10.7 billion, comprising 4,285,125 ETH tokens, 193 Bitcoin (BTC), $586 million in cash, a $200 million stake in Beast Industries, and a $20 million stake in Eightco Holdings.
- Ethereum Position: The company's ETH holdings now represent 3.55% of the total circulating supply. Bitmine has staked 2,897,459 ETH, generating an estimated $188 million in annualized revenue.
- Strategic Initiatives: Bitmine plans to launch its proprietary staking solution, MAVAN (Made-in America VAlidator Network), in Q1 2026 to further enhance its staking infrastructure.