Bitmine Immersion Technologies announced that its combined crypto, cash, and “moonshot” holdings have reached $10 billion. As of February 8, 2026, the company holds 4,325,738 ETH at $2,125 each, 193 Bitcoin, $200 million in Beast Industries, $19 million in Eightco Holdings, and $595 million in cash.
ETH Drops 62% From Highs, Bitmine Keeps Buying
Executive Chairman Thomas “Tom” Lee noted that Ethereum daily transactions hit an all-time high of 2.5 million, with active addresses surging to one million per day. Despite ETH dropping -62% from its 2025 peak, Bitmine added 40,613 ETH in the past week alone. “ETH sees V-shaped recoveries from major lows. A similar recovery is expected in 2026,” Lee said. Historically, all eight prior ETH declines of 50% or more rebounded sharply, reinforcing the firm's conviction to accumulate at current levels.
Staking Pulls $1M+ Daily; MAVAN Set for 2026
Bitmine currently stakes 2,897,459 ETH, worth $6.2 billion — 67% of its total ETH holdings. At the Composite Ethereum Staking Rate (CESR) of 3.115%, annual staking revenue could reach $374 million, over $1 million per day. The firm’s proprietary staking operations generated a 7-day yield of 3.3234% annualized. Bitmine plans to launch the Made in America Validator Network (MAVAN) in 2026, targeting secure and scalable ETH staking solutions.
Second-Largest Crypto Treasury Globally
Bitmine now holds the largest ETH treasury and the second-largest crypto corporate treasury — trailing only Strategy Inc. (NASDAQ: MSTR), which owns 713,502 BTC ($51 billion). Over the past five trading days, Bitmine stock averaged $1.3 billion in daily trading volume, signaling sustained investor confidence in its accumulation-focused business model.