Bitmine Immersion Technologies Announces $9.6 Billion Holdings

By Chris Stiles • Monday, February 23 10:18 • Permanent Link

Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) has announced significant growth in its cryptocurrency and total cash holdings. As of February 22, 2026, the company's crypto holdings include 4,422,659 Ethereum (ETH) tokens, valued at $1,958 per ETH, as well as 193 Bitcoin (BTC), a $200 million stake in Beast Industries, and a $17 million stake in Eightco Holdings. In total, Bitmine's crypto, cash, and "moonshots" holdings amount to $9.6 billion.

Notably, Bitmine has seen a substantial increase in its ETH holdings, now owning 3.66% of the ETH token supply, which is over 73% of the way to its target of acquiring 5% of ETH in just 7 months. The company has also staked 3,040,483 ETH, representing $6.0 billion at $1,958 per ETH. Bitmine's annualized staking revenues have reached $171 million, with the company's ETH staking operations generating a 7-day yield of 2.89%.

Furthermore, Bitmine has recently closed an initial $200 million investment in Beast Industries, demonstrating its commitment to expanding its portfolio and strategic investments.

In terms of trading activity, Bitmine has emerged as one of the most widely traded stocks in the US, with an average daily dollar volume of $0.7 billion, ranking 165th among 5,704 US-listed stocks. The company's high trading liquidity sets it apart within the crypto treasury space.

Bitmine's achievements have garnered support from a premier group of institutional investors, including prominent names such as ARK's Cathie Wood, Mozayyx, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee.

Thomas "Tom" Lee, Chairman of Bitmine, expressed confidence in the company's strategy amid the current market conditions, emphasizing the strength of Ethereum's fundamentals and the company's focus on steadily acquiring ETH.

Bitmine's position as the leading Ethereum treasury company is reinforced by its commitment to implementing an innovative digital asset strategy for institutional investors and public market participants. The company's dedication to ETH as its primary treasury reserve asset, along with the upcoming launch of Mavan (Made-in America Validator Network) in Q1 2026, underscores its strategic vision and continued growth in the cryptocurrency space. Following these announcements, the company's shares moved 0.94%, and are now trading at a price of $31.16. Check out the company's full 8-K submission here.

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