Digital Asset Treasury Firm Bitmine Adds 51,162 ETH Amid Market Pullback

Bitmine Immersion Technologies says it now holds 4.423 million ethereum, pushing total crypto and cash reserves to $9.6 billion as it doubles down on its bid to control 5% of the ETH supply.

BMNR Ranks Among Most Traded U.S. Stocks With $0.7B Daily Volume

Bitmine Immersion Technologies (NYSE American: BMNR) disclosed that its total crypto, cash, and “moonshot” investments now stand at $9.6 billion, anchored by 4,422,659 ETH valued at $1,958 per token as of Feb. 22 at 6 p.m. ET. The company’s announcement comes at the same time Strategy revealed purchasing another 592 BTC.

The Las Vegas-based company stated on Monday that it controls 3.66% of ethereum’s 120.7 million token supply and says it is more than 73% of the way toward its goal of acquiring 5% of all ETH available. In the past week alone, the firm added 51,162 ETH, framing the recent price dip as an opportunity rather than a setback.

Chairman Tom Lee described the strategy as disciplined treasury execution during what he still calls a “mini crypto winter,” emphasizing long-term accumulation and yield optimization. He pointed to Wall Street tokenization, artificial intelligence (AI)-driven blockchain usage, and the creator economy as structural drivers behind ethereum’s utility.

To date, Bitmine has staked 3,040,483 ETH—about $6 billion at current pricing—representing roughly 69% of its total ETH holdings. Annualized staking revenue stands at $171 million, with a 7-day annualized yield of 2.89%, slightly above the Composite Ethereum Staking Rate of 2.81%.

The company is developing its Made in America Validator Network, or MAVAN, which it says will launch in early 2026 as a secure staking infrastructure platform.

Beyond ethereum, Bitmine holds 193 bitcoin, $691 million in cash, a $200 million stake in Beast Industries and a $17 million position in Eightco Holdings. The firm ranks as the largest ethereum treasury globally and the second-largest crypto treasury overall, behind Strategy.

Shares of BMNR are also among the most actively traded in the U.S., with a five-day average daily dollar volume of $0.7 billion, ranking 165th among 5,704 listed stocks. Still, BMNR shares have lost more than 28% this month and over 57% across the six-month timeframe.

FAQ 🔎

• **What is Bitmine’s current ETH holding?**Bitmine holds 4,422,659 ETH, representing 3.66% of the total supply.
• **How much are Bitmine’s total crypto and cash reserves?**The company reports $9.6 billion in combined crypto, cash, and other investments.
• **How much ETH has Bitmine staked?**Bitmine has staked 3,040,483 ETH, or about $6 billion at current pricing.
• **What is MAVAN?**MAVAN is Bitmine’s planned U.S.-based staking network expected to launch in early 2026.