Bitmine Immersion Technologies, Inc. (“Bitmine”) has disclosed that its Ethereum (ETH) holdings have surged to 4.474 million tokens, contributing to a staggering total asset valuation of $9.9 billion. This announcement was made on March 1, 2026, and underscores Bitmine”s strategic focus on accumulating digital assets for long-term investment.
The company”s holdings include 3,040,483 staked ETH, valued at approximately $6.0 billion, based on the current ETH price of $1,976. Notably, Bitmine now possesses 3.71% of the entire ETH supply, moving closer to its ambitious target of acquiring 5% of the total supply within a remarkably short span of eight months.
In addition to its ETH assets, Bitmine also holds 195 Bitcoin (BTC), a $200 million stake in Beast Industries, and $14 million in Eightco Holdings, alongside total cash reserves of $868 million. This diverse portfolio positions Bitmine as a leader among its peers in terms of crypto treasury management.
According to Thomas “Tom” Lee, Chairman of Bitmine, the company is actively executing its Ethereum treasury strategy during what he describes as the latter stages of a “mini crypto winter.” Lee emphasized the need for steady accumulation of ETH, particularly in light of recent geopolitical tensions that may impact financial and digital asset markets.
In the past week alone, Bitmine acquired an additional 50,928 ETH, reflecting its ongoing commitment to capitalizing on perceived market opportunities. Lee further noted that the current price of ETH does not accurately represent its utility and potential within the financial ecosystem.
As of the stated date, Bitmine”s total staked ETH is 3,040,483, generating an annualized staking revenue of $172 million. This figure indicates that Bitmine”s staking operations are not only extensive but also profitable, with potential future staking rewards estimated at $253 million annually once fully operational.
Bitmine”s standing as the largest ETH treasury globally highlights its significant role in the cryptocurrency landscape. The company ranks among the most actively traded stocks in the United States, averaging $0.8 billion in daily trading volume, making it the 145th most traded stock.
The Chairman also pointed to the transformative potential of regulatory frameworks such as the GENIUS Act and the SEC”s Project Crypto, likening their impact to pivotal historical shifts in financial services.
For further insights, Bitmine has made available its Chairman”s message and fiscal year earnings presentation on its official website. Interested parties can stay updated by signing up for notifications directly through Bitmine”s contact page.
As Bitmine continues to innovate within the cryptocurrency realm, the company”s strategic decisions will likely influence broader market trends, particularly in the Ethereum space.
