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- BitMine lifts ETH holdings to 4.28M tokens as treasury value climbs to $10.7 billion.
- Staked ETH rises to 2.89M as the rewards outlook strengthens with MAVAN’s launch ahead.
- BMNR trading volume surges, reinforcing BitMine’s position as a top corporate ETH holder.
BitMine Immersion Technologies reported a major expansion of its digital asset portfolio on February 2. The publicly traded firm disclosed $10.7 billion in combined crypto, cash, and strategic investments. The update highlighted one of the largest Ethereum treasury positions held by any corporation.
The company said it now holds 4,285,125 ETH valued at about $2,317 per token. It also holds 193 BTC, $586 million in cash, and equity positions that include a $200 million stake in Beast Industries.
BitMine’s Ethereum position accounts for 3.55% of the asset’s total supply. The company said it has reached more than 70% of its target to acquire 5% of all ETH, a benchmark it calls the “Alchemy of 5%.”
BitMine Accelerates ETH Staking Expansion
The firm continued to scale its staking exposure. As of February 1, it reported 2,897,459 staked ETH worth about $6.7 billion. The total reflects an increase of nearly 888,000 ETH within one week.
Executive Chairman Tom Lee said BitMine now stakes more ETH than any other entity. He estimated annual rewards of $374 million at full capacity. The projection uses a composite staking rate of 2.81% CESR.
BitMine plans to launch the Made in America Validator Network in early 2026. The initiative includes several staking providers that have joined ahead of deployment. The company said the network will expand its infrastructure footprint.
Lee addressed Ethereum’s recent price decline from roughly $3,000 to $2,300. He pointed to a record daily transaction of 2.5 million in 2026. He also noted a rise in active addresses, which reached nearly 1 million per day.
Also Read: RLUSD Gains Momentum as Binance Listing and Institutional Adoption Drive Rapid Growth
Lee said price pressure reflects non-fundamental forces. He cited low leverage in the market and capital rotation into precious metals. He said these conditions have pulled risk appetite away from crypto.
ETH Accumulation Accelerates as BMNR Trading Surges
BitMine added 41,788 ETH over the past week. It described the market pullback as a favorable opportunity to expand its treasury. The company said it will continue to acquire ETH as part of its long-term plan.
BitMine also pointed to performance metrics in public markets. BMNR is ranked as the 105th most traded stock in the US. The stock has averaged a daily volume of $1.1 billion over the last five days.
The institutional backers of BitMine are diverse. They include ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee, a personal investor.
BitMine reported that it is solidifying its status as the largest corporate holder of Ethereum. This is through an increase in its Ethereum holdings. The company is continuing to progress toward its 5% supply goal.
Also Read: Bitmine Invests $200M in Beast Industries to Expand Ethereum Strategy Into Creator Economy
