Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has announced a significant milestone, revealing that its total crypto and cash holdings now amount to $9.9 billion. This includes an impressive 4.474 million Ethereum (ETH) tokens, alongside other assets and cash reserves.
As of March 1, 2026, Bitmine”s crypto portfolio includes 4,473,587 ETH, valued at $1,976 per token, amounting to approximately $8.85 billion. Additionally, the company holds 195 Bitcoin (BTC) and has made strategic investments, including a $200 million stake in Beast Industries and a $14 million investment in Eightco Holdings (NASDAQ: ORBS).
Notably, Bitmine”s Ethereum holdings now represent 3.71% of the total ETH supply, which stands at 120.7 million. The company has been strategically acquiring ETH, especially during the current market conditions, which are perceived as a mini crypto winter. Thomas Lee, Chairman of Bitmine, emphasized that the firm acquired 50,928 ETH recently, viewing the market pullback as an opportunity given the underlying fundamentals of Ethereum.
Bitmine currently has 3,040,483 ETH staked, translating to approximately $6.0 billion at the current price. The company expects to generate significant staking revenues, estimating potential annual rewards of around $253 million once its staking operations are fully optimized. Lee indicated that Bitmine has staked more ETH than any other entity globally, leveraging its upcoming Made in America Validator Network (MAVAN) for enhanced staking infrastructure.
With a 5-day average trading volume of $0.8 billion, Bitmine ranks as the 145th most traded stock in the United States. The company continues to draw support from a notable group of institutional investors, including Cathie Wood from ARK, Founders Fund, and Pantera Capital, as it aims for its goal of acquiring 5% of the total ETH supply.
The current geopolitical climate, particularly the ongoing U.S. military operations in Iran, could impact both financial and digital asset markets. However, Bitmine remains committed to its Ethereum treasury strategy, focusing on acquisition and yield optimization.
For more information about Bitmine”s strategic initiatives and updates, further details can be found on their official site.
