Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has reached a new milestone in its crypto treasury strategy, with total holdings of $10.7 billion, including 4.285 million Ethereum (ETH) tokens and $586 million in cash. The company continues to pursue its goal of acquiring 5 percent of the total ETH supply, with current holdings representing 3.55 percent of circulating Ethereum.
ETH Staking and MAVAN Launch
As of February 1, 2026, Bitmine has staked 2,897,459 ETH, representing approximately 67 percent of its total Ethereum holdings. Staking is expected to generate annual rewards of $374 million when fully deployed through the company’s Made-in America Validator Network (MAVAN) and its staking partners. MAVAN is on track for launch in the first quarter of 2026 and will provide secure, scalable staking infrastructure.
Recent Activity and Investments
In the past week, Bitmine acquired an additional 41,788 ETH, taking advantage of a recent price pullback. The company also closed its initial $200 million investment in Beast Industries and maintains smaller stakes in strategic “moonshot” opportunities, including a $20 million investment in Eightco Holdings (NASDAQ: ORBS).
Market Position and Trading
Bitmine holds the largest Ethereum treasury globally and ranks second in overall crypto treasuries, behind only Strategy Inc. (NASDAQ: MSTR). Its stock is among the most actively traded in the United States, with a five-day average daily trading volume of $1.1 billion, making it the 105th most traded U.S. stock.
Outlook and Strategy
Bitmine’s executive team remains focused on long-term growth, leveraging Ethereum for treasury reserves and staking while expanding strategic investments in digital assets. Executive Chairman Thomas “Tom” Lee emphasized that Ethereum fundamentals remain strong despite short-term price fluctuations, citing record on-chain activity and increasing active addresses.
About Bitmine
Bitmine Immersion Technologies is a leading Ethereum treasury company, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by the “Alchemy of 5%” philosophy, Bitmine focuses on ETH as its primary treasury asset while leveraging staking and decentralized finance activities. MAVAN, the company’s dedicated staking infrastructure, is scheduled for deployment in early 2026.
For more details, follow Bitmine on X, Fundstrat, and BMNR Intern.
Forward-looking information is subject to risks and uncertainties. Read full disclaimer.
