Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.423 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
MWN-AI** Summary
Bitmine Immersion Technologies (BMNR) has recently reported that its Ethereum (ETH) holdings have reached 4.423 million tokens, valued at approximately $9.6 billion alongside its total cash and crypto assets. This substantial position includes 3,040,483 staked ETH worth around $6.0 billion, representing a 3.66% share of the total ETH supply. The company is rapidly approaching its target of holding 5% of the total ETH market, a goal they have made significant progress toward in just seven months.
According to Thomas "Tom" Lee, Chairman of Bitmine, the firm has been strategically acquiring ETH during what he characterizes as a "mini crypto winter." The Chairman emphasizes the firm’s commitment to optimizing yields on their ETH holdings as the fundamental drivers for Ethereum—such as tokenization, AI applications, and creator economy tools—continue to strengthen. With annualized staking revenues forecasted at $171 million, Bitmine aims to position itself favorably within the rapidly evolving crypto landscape.
The company's financial footprint extends beyond ETH, with other investments including a $200 million stake in Beast Industries and a $17 million stake in Eightco Holdings. This theoretically positions Bitmine as a leader in crypto treasury management, particularly as it prepares to launch its Made-in-America VAlidator Network (MAVAN) in 2026, designed to provide robust staking infrastructure.
Bitmine’s stock has gained attention as one of the most actively traded in the U.S., averaging around $0.7 billion in daily trading volume. Institutional backing from prominent investors, including Cathie Wood's ARK Invest and others, further supports Bitmine's ambitious plans for growth in the cryptocurrency sector.
MWN-AI** Analysis
Bitmine Immersion Technologies (BMNR) has recently unveiled that it now holds a staggering 4.423 million ETH tokens, which represents approximately 3.66% of the total ETH supply. With total crypto and cash holdings amounting to $9.6 billion, including $691 million in cash and significant stakes in companies like Beast Industries, Bitmine demonstrates a robust financial position, particularly in a challenging crypto market.
The company's strategy of acquiring Ethereum, particularly during a current market downturn—termed a "mini crypto winter" by Chairman Thomas "Tom" Lee—shows a calculated approach to building a long-term treasury. With significant staked ETH (3.04 million) generating considerable yield, this positions Bitmine for sustainable revenue as they anticipate annual staking rewards nearing $249 million. This kind of strategic oversight in leveraging staking rewards is impressive; it speaks to their ability to capitalize on Ethereum's utilities, which are only anticipated to grow with advancements in tokenization and decentralized finance.
Moreover, the backing from institutional investors such as ARK's Cathie Wood and Pantera Capital adds credibility and confidence in BMNR's mission. Their trading volume also highlights significant market interest, reflecting the stock's liquidity amidst a landscape where other crypto assets may encounter volatility.
As an investment opportunity, BMNR seems poised for potential growth, especially if Ethereum's fundamentals remain favorable and their staking strategy continues to yield strong returns. Investors should consider the company's solid positioning and institutional backing as key indicators. However, as with all investments in the crypto sector, assess the inherent volatility and conduct thorough due diligence before committing capital. Engaging with a diversified asset strategy, particularly in a treasury model focused on Ethereum, could yield promising returns in the long run.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,958 per ETH; MAVAN staking solution on track to launch Q1 2026
Bitmine now owns 3.66% of the ETH token supply, over 73% of the way to the 'Alchemy of 5%' in just 7 months
Bitmine recently closed on initial $200 million investment into Beast Industries
Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.6 billion, including 4.423 million ETH tokens, total cash of $691 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 165th most traded stock in the US, trading $0.7 billion per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
LAS VEGAS, Feb. 23, 2026 /CNW/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.6 billion.
As of February 22th, 2026 at 6:00pm ET, the Company's crypto holdings are comprised of 4,422,659 ETH at $1,958 per ETH (NASDAQ: COIN), 193 Bitcoin (BTC), $200 million stake in Beast Industries, $17 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $691 million. Bitmine's ETH holdings are 3.66% of the ETH supply (of 120.7 million ETH).
"In the midst of this 'mini crypto winter,' our focus continues to be on methodically executing our treasury strategy and steadily acquiring ETH and in turn, optimizing the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine.
"We discussed this operational strategy in our latest Chairman's message (the link to his message is here). While crypto prices are attempting to find their respective lows, the three fundamental drivers for Ethereum continue to gain traction: (i) Wall Street and their efforts at tokenization; (ii) AI and agentic-AI using smart blockchains for both execution and for collecting payments and (iii) the emerging creator economy and their desire to use blockchains for verification," continued Lee.
"In the past week, we acquired 51,162 ETH," continued Lee. "Bitmine has been steadily buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
As of February 22, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,958 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $249 million annually (using 2.89% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now $171 million. And this 3.0 million ETH is about 69% of the 4.4 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.81%, while Bitmine's own staking operations generated a 7-day yield of 2.89% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026," continued Lee.
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,131 BTC valued at $49 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.7 billion (5-day average, as of February 20, 2026), ranking #165 in the US, behind Carnival Corp (rank #164) and ahead of Northrup Grumman (rank #166) among 5,704 US-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here:
https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SOURCE Bitmine Immersion Technologies, Inc.
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FAQ**
How does Bitmine Immersion Technologies Inc. (BMNR) plan to utilize its substantial ETH holdings of 4.423 million tokens to enhance shareholder value in the current crypto market conditions?
With Bitmine Immersion Technologies Inc. (BMNR) achieving a staking yield of 2.89%, how does this compare to competitors, and what strategies are in place to maintain or improve these returns?
Given Bitmine Immersion Technologies Inc. (BMNR) aims to acquire 5% of the entire ETH supply, how does the company plan to manage risks associated with market volatility in cryptocurrencies?
Can you elaborate on the significance of the upcoming MAVAN staking solution for Bitmine Immersion Technologies Inc. (BMNR) and its expected impact on the company's operational efficiency and revenue generation?
**MWN-AI FAQ is based on asking OpenAI questions about BitMine Immersion Technologies Inc (OTC: BMNR).
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