Bitmine Immersion Technologies reports $10B in assets

By Chris Stiles • Monday, February 09 12:13 • Permanent Link

Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) has reported a significant increase in its Ethereum (ETH) holdings, reaching 4.326 million tokens. The total value of its crypto and cash holdings now stands at $10.0 billion. The company's staked ETH represents $6.2 billion at $2,125 per ETH.

Bitmine has seen a notable rise in the velocity of raising crypto NAV per share and high trading liquidity of BMNR stock. It is currently the 107th most traded stock in the US, with an average daily trading volume of $1.3 billion.

The company's institutional investor base includes prominent names such as Ark's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee, who are backing Bitmine's goal of acquiring 5% of ETH.

Bitmine's crypto holdings consist of 4.326 million ETH, 193 Bitcoin (BTC), a $200 million stake in Beast Industries, a $19 million stake in Eightco Holdings, and total cash holdings of $595 million.

Thomas "Tom" Lee, Executive Chairman of Bitmine, emphasized that despite the decline in ETH prices, the company has been steadily acquiring Ethereum, viewing the pullback as an attractive opportunity given the strengthening fundamentals of the cryptocurrency.

The company's total staked ETH stands at 2,897,459, with annualized staking revenues reaching $202 million, up 7% in the past week. Bitmine's staked ETH represents about 67% of its total ETH holdings.

Bitmine remains the largest ETH treasury in the world and is positioned as the leading Ethereum treasury company. Its innovative digital asset strategy focuses on ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms.

The company is set to launch Mavan (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.

Today the company's shares have moved 0.94% to a price of $31.16. For the full picture, make sure to review BITMINE IMMERSION TECHNOLOGIES, INC.'s 8-K report.

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