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- Bitmine reported total crypto, cash, and strategic holdings worth $10 billion.
- Ethereum forms the core of its balance sheet and staking strategy.
- The company continues to expand its role in global crypto finance.
Bitmine Immersion Technologies, Inc. released a major update on its balance sheet and long-term crypto strategy. The company focuses on Bitcoin and Ethereum accumulation for extended investment horizons. The disclosure highlights one of the largest digital asset treasuries in the global market.
As of February 8, 2026, Bitmine reported combined holdings of crypto assets, cash, and high-risk strategic investments valued at $10 billion. Ethereum represents the largest share. The company holds 4,325,738 ETH, valued at $2,125 per token at the time of reporting. This amount equals about 3.58 percent of the total Ethereum supply. Bitmine also holds 193 Bitcoin. In addition to crypto, the company maintains $595 million in cash.
Bitmine Makes High-Risk Strategic Investments
Strategic investments also involve the purchase of a $200 million stake in Beast Industries and the purchase of a $19 million stake in Eightco Holdings. The company refers to these as moonshots due to their high growth potential. Ethereum prices have declined from their highs of 2025.
In spite of the decline, the Ethereum network is seeing increasing activity. Daily Ethereum transactions have recorded new records. Active Ethereum addresses also recorded new records in 2026. Bitmine views this as a long-term value rather than weakness in the Ethereum network.
Staking is integral to the operations of the company. As of the same date, the company had staked 2,897,459 ETH. This translates to approximately $6.2 billion at current prices. This makes the company the largest Ethereum staker in the world. The company expects to earn approximately $374 million in rewards at full scale every year.
This is based on the composite Ethereum staking rate of slightly more than three percent. The current rewards earned by the company from the Ethereum staking process amount to approximately $202 million annually. This number recorded a seven percent increase in the last week of the month.
Currently, 67 percent of the total ETH held by the company generates the staking yield. The company also revealed that it had earned a higher short-term annualized rate compared to the Ethereum network average.
Bitmine Ties Strategy to US Policy Changes
Bitmine is also continuing to build its own staking infrastructure. The project is referred to as the Made in America Validator Network, or MAVAN. The company is set to roll out the infrastructure in early 2026 with the assistance of several staking partners.
The firm is now considered to be the largest Ethereum treasury in the world. It is also considered to be the second-largest crypto treasury in the world, behind Strategy Inc., which has a larger Bitcoin reserve. The position of the firm is central to institutional exposure to Ethereum.
The stock of the firm is seeing high trading volume in the US markets. Recent data indicates that the stock is considered one of the most actively traded stocks in the country in terms of dollar volume.
The firm is also seeing its strategy in relation to recent shifts in regulations. Recent policy shifts in the US aim to update infrastructure in the country. The firm is seeing these shifts as akin to past monetary policy shifts that changed the face of the world.
Also Read: Strategy Inc Becomes World’s Largest Corporate Bitcoin Holder with 713,502 BTC
