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- Bitmine boosts holdings to $9.6B as ETH accumulation continues through a market “mini-winter.”
- The firm now controls 3.62% of ETH supply and reports strong staking revenue from its treasury.
- Bitmine advances MAVAN rollout while citing U.S. policy shifts that may reshape crypto markets.
Bitmine Immersion Technologies (BMNR) reported that its combined crypto, cash, and equity holdings reached $9.6 billion on February 16, 2026. The company disclosed the update after adding more Ethereum during a period it described as a “mini-winter” for digital assets.
Bitmine said it has acquired 45,759 ETH in the last week. The purchase increased its total Ethereum position to 4,371,497 ETH. The firm also holds 193 Bitcoin. Additional assets include $670 million in cash, a $200 million stake in Beast Industries, and a $17 million position in Eightco Holdings.
The firm now controls about 3.62% of Ethereum’s circulating supply. Its earlier purchase of 40,613 ETH in early February signaled continued accumulation.
Bitmine Holds Strategy Through “Mini-Winter”
Chairman Thomas “Tom” Lee said the company remained focused on long-term exposure. He noted that the current cycle shows weakness but lacks the industry failures seen in past downturns.
Lee said Bitmine cannot influence market conditions. He added that the firm buys Ethereum regardless of price direction. He stated that the long-term outlook for Ethereum remains strong. He described the current period as a “mini-winter” but said the company maintains its strategy.
Lee spoke at Consensus Hong Kong 2026. He said Ethereum has recovered from sharp declines in prior cycles. He pointed to earlier drops that produced V-shaped rebounds.
Also Read: Bitcoin OG Moves $543M in ETH to Binance as Ethereum Wobbles
He said Ethereum has approached a short-term bottom near $1,890. He mentioned growing use in finance, AI, and creator-driven projects.
Bitmine Reports 69% of ETH Treasury Staked
Bitmine reported that 3,040,483 ETH from its treasury is staked. This represents about 69% of its holdings. At $1,998 per ETH, the staked portion is valued at roughly $6.1 billion.
The company said annualized staking revenue stands at $176 million. The figure is based on a seven-day yield of 2.89%. The Composite Ethereum Staking Rate, tracked by Quatrefoil, is 2.84%.
Bitmine is in the process of developing its staking system. The system is called the Made in America Validator Network (MAVAN). The system is set to be rolled out in early 2026. The company is collaborating with three staking providers in the process.
The company also mentioned some of the policy efforts in the United States. These policy efforts included the GENIUS Act and the SEC’s Project Crypto. These efforts could potentially affect financial markets.
The company is still in the process of adding to its Ethereum holdings in the midst of volatility. It is one of the most concentrated Ethereum holders.
Also Read: Crypto Outflows Hit Fourth Week: Bitcoin and Ethereum Lead US$173M Withdrawals
