Bitmine Immersion Technologies (BMNR) provided an operational update, announcing its total holdings of cryptocurrency, cash, and other investments reached $9.6 billion as of February 22, 2026. The company continues to execute its strategy of accumulating and staking Ethereum (ETH) as its primary treasury reserve asset.
Key Details
- Total Holdings: The company's treasury consists of $9.6 billion, including 4.423 million ETH tokens, 193 Bitcoin (BTC), and $691 million in cash.
- ETH Position: The ETH holdings represent approximately 3.66% of the total ETH supply. The company recently acquired 51,162 ETH in the past week.
- Staking Operations: BMNR has 3.04 million ETH staked, generating $171 million in annualized staking revenue. The company's proprietary staking solution, MAVAN, is on track to launch in Q1 2026.
- Other Investments: The company recently closed an initial $200 million investment into Beast Industries as part of its "moonshot" investment strategy.