Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has disclosed that its total crypto and cash holdings have reached an impressive $9.6 billion as of February 16, 2026. This substantial portfolio includes approximately 4.37 million ETH, valued at $1,998 per token, and a total cash reserve of $670 million.
Among its crypto assets, Bitmine has staked a total of 3,040,483 ETH, which translates to about $6.1 billion at the current market price. This represents a significant 3.62% of the total ETH supply, demonstrating the company”s aggressive accumulation strategy in the Ethereum market.
In a recent statement, Thomas “Tom” Lee, the Chairman of Bitmine, expressed optimism for the future of Ethereum. He noted that key drivers, such as tokenization and the integration of artificial intelligence, are likely to enhance the utility of Ethereum in various sectors. Lee highlighted that the company has acquired an additional 45,759 ETH in the past week, viewing the current market conditions as favorable for long-term investment.
Bitmine”s holdings also include 193 BTC and strategic investments in companies like Beast Industries and Eightco Holdings, totaling $217 million. The company”s focus on Ethereum as its primary treasury reserve asset aligns with its goal of achieving a 5% stake in the overall ETH supply.
As a leading player in the cryptocurrency space, Bitmine is among the top Ethereum treasuries globally. The company is actively preparing for the launch of its MAVAN (Made in America VAlidator Network), a staking solution set to debut in early 2026. This initiative aims to provide secure staking infrastructure, reinforcing Bitmine”s position in the competitive landscape.
Furthermore, the stock of Bitmine has gained notable attention in the market, ranking as the 158th most traded stock in the US, with an average daily trading volume of $0.9 billion. The company continues to attract support from a distinguished group of institutional investors, including ARK Invest and Pantera Capital, reinforcing its commitment to long-term growth in the cryptocurrency sector.
In conclusion, as the cryptocurrency market navigates a period of uncertainty, Bitmine remains steadfast in its acquisition strategy, underscoring its belief in the enduring value of Ethereum as a cornerstone for future financial systems.
