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- Bitmine reports $9.6 billion in combined crypto, cash, and strategic investments.
- The firm controls the largest Ethereum treasury in the world.
- Staking revenue strengthens Bitmine’s long-term treasury strategy.
Bitmine Immersion Technologies, Inc. released a weekly update that highlights the scale of its crypto treasury. The company reported total crypto, cash, and moonshot holdings worth $9.6 billion. The update reflects a strategy focused on long-term accumulation rather than short-term trading.
The company continues to buy assets during a period of weak prices across the crypto market. As of February 22, 2026, Bitmine held more than 4.42 million ETH valued at $1,958 per token. The company also held 193 Bitcoin.
Cash reserves reached $691 million. Strategic equity stakes included $200 million in Beast Industries and $17 million in Eightco Holdings. These assets form a diversified balance sheet that blends digital assets with growth-focused investments.
Bitmine Becomes Largest Ethereum Treasury
Currently, Bitmine has approximately 3.66 percent of the total Ethereum supply. This makes it the largest Ethereum treasury in the world. At a global level, it is ranked second among all crypto treasuries, behind Strategy Inc., which has a much larger Bitcoin holding.
The firm has accumulated over 51,000 ETH in the past week. They consider this pullback in the market an ideal opportunity. They base their strategy on their belief that Ethereum is at the heart of future financial systems. The Ethereum supply held by Bitmine continues to grow.
Currently, it stands at over 3 million ETH. This represents approximately 69 percent of their total Ethereum supply. At current rates, they are accumulating approximately $171 million in annualized staking revenue. This figure is expected to grow to almost $249 million once they are fully deployed. Bitmine’s staking revenue is slightly higher than the current market rate.
Bitmine Advances Domestic Validator Network
The firm continues to work on developing its own validator technology, referred to as MAVAN. This network seeks to bring secure and domestic staking capabilities. Deployment of this network is still expected in early 2026 with multiple partners supporting it.
Bitmine is also one of the most traded stocks in the U.S. In terms of average dollar volume, it was recorded at $0.7 billion over a recent five-day period. This placed it among major industrial or consumer stocks in national rankings. Another factor cited was the regulatory environment.
New initiatives in legislation or regulations, such as those introduced by the U.S. SEC, have significant potential to change the financial markets. According to Bitmine, this represents a paradigm shift, similar to previous shifts in monetary systems. They believe blockchain-based systems have more promise than traditional storehouses of value.
Also Read: Strategy Buys 592 BTC for $39M as Accumulation Drive Expands
