Bitmine Immersion Tech Reveals $9.9 Billion Holdings

By Chris Stiles • Monday, March 02 10:40 • Permanent Link

Bitmine Immersion Technologies (BMNR) has announced its recent crypto and cash holdings, showcasing significant growth and strategic moves. As of March 1, 2026, Bitmine's total crypto and cash holdings amount to $9.9 billion. The company holds 4,473,587 ETH at $1,976 per ETH, 195 Bitcoin (BTC), a $200 million stake in Beast Industries, a $14 million stake in EightCo Holdings, and total cash of $868 million.

Bitmine's ETH holdings represent 3.71% of the total ETH supply, which amounts to 120.7 million ETH. The company has been actively acquiring ETH, with recent acquisitions totaling 50,928 ETH. Additionally, Bitmine's staked ETH stands at 3,040,483, valued at $6.0 billion at $1,976 per ETH.

The company's strategic moves include the closing of an initial $200 million investment into Beast Industries and the upcoming launch of the Mavan staking solution in Q1 2026. Bitmine's staking operations are projected to generate annualized revenues of $253 million, with an annualized staking revenue of $172 million from 3.0 million staked ETH.

Bitmine's crypto holdings position it as the leading Ethereum treasury and the second-largest global treasury, behind Strategy Inc. (NASDAQ: MSTR). The company also holds the title of the most widely traded stock in the US, with an average daily dollar volume of $0.8 billion.

The company's chairman, Thomas "Tom" Lee, emphasized the strategic execution of Bitmine's Ethereum treasury strategy, emphasizing the attractiveness of acquiring ETH amidst a pullback and geopolitical uncertainty. Lee also highlighted Bitmine's progress in developing the Mavan staking solution and the company's position as the largest ETH treasury in the world.

Bitmine's achievements in growing its crypto and cash holdings, strategic investments, and staking operations underscore its commitment to becoming a leading Ethereum treasury company and its focus on long-term crypto investment. The market has reacted to these announcements by moving the company's shares 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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