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- Bitmine reports total crypto, cash, and moonshot holdings of $10.7 billion.
- Ethereum network activity grows while prices stay under pressure.
- Staking income grows quickly and strengthens the long-term strategy.
Bitmine Immersion Technologies reported a sharp rise in total holdings across crypto, cash, and strategic investments. The company focuses on accumulating Bitcoin and Ethereum for long-term value. As of February 1, 2026, holdings reached $10.7 billion. Ethereum forms the core position.
The firm holds over 4.28 million ETH priced near market levels. This equals about 3.55 percent of the total ETH supply. Bitcoin exposure remains smaller but strategic at 193 coins. Cash reserves stand strong at $586 million. Bitmain also keeps selective equity stakes.
These include $200 million in Beast Industries and $20 million in Eightco Holdings. Management describes these positions as high-growth moonshots. The structure signals confidence in digital assets and selective risk capital. It also gives the firm flexibility during volatile markets.
Ethereum Network Activity Hits New Highs
Data from the Ethereum network reveals momentum. Daily transactions hit new records during 2026. Active addresses hit new records near one million daily. The trends are evident, even as ETH prices fall.
ETH prices have declined significantly over the last month. The decline was from near $3,000 to the current $2,300. The Bitmain management attributes the decline to market forces rather than underlying issues. Leverage levels are still low in the cryptocurrency space. There was also capital allocation to precious metals.
Gold saw large increases before experiencing a large daily decline of nine percent in late January. The move was similar to historical patterns, indicating the potential for a near-term peak. As gold demand declined, the appetite for other assets increased. Bitmine increased its purchases of ETH during the gold decline.
Bitmine added over forty-one thousand ETH during the week. The management believes in the Ethereum network as an essential financial product with increasing use.
Bitmine Expands Ethereum Staking Operations
Bitmine is continuing to scale up its staking operations. The ETH staked has crossed the 2.9 million mark as of early February. It is equivalent to two-thirds of the total ETH that is being held. The staking revenue has now crossed $188 million annually. It is increasing by eighteen percent over a period of just one week.
The rewards that are being generated through staking are as high as $374 million annually, as the operations are scaled up completely. Moreover, the rewards that are being generated on a daily basis are also more than one million dollars. It also has its own partners that will help it scale up the operations completely. It also has its staking system in place.
The project has been named the Made in America Validator Network. The deployment of this project is scheduled to take place in early 2026. It has also become the largest Ethereum treasury in the world. It is also at the second spot when it comes to the crypto treasury.
The trading volume of the firm’s stocks is still quite high. The average volume of the firm’s stocks is now at $1.1 billion over a period of five days. These changes in the regulations have been quite good for the firm, if they are considered from a long-term point of view. These changes in the US crypto regulations can be considered as the financial turning points of the past.
Related Reading: Metaplanet Lifts Bitcoin Income Forecast to ¥8.6B After Strong Q4 Results
