BitMine now holds 4.326M ETH (3.58%); added 40,613 last week
bitmine immersion Technologies (NYSE:BMNR) added 40,613 ETH last week, bringing its total to 4.326 million ETH, equal to about 3.58% of the circulating supply, as reported by The Block (https://www.theblock.co/post/389047/bitmine-acquires-40613-ether-in-a-week-total-treasury-reaches-4-33-million-eth).
The company now reports a $10.0 billion mix of crypto, equities, and cash, according to CoinDesk (https://www.coindesk.com/markets/2026/02/09/tom-lee-s-bitmine-adds-to-eth-stack-after-price-crash-now-holds-3-6-of-ethereum-s-total-supply).
Why this matters: supply share, staking income, $10B treasury
Owning a 3.58% slice of ETH concentrates a meaningful share of supply and scales protocol income via staking. BitMine has emphasized validator infrastructure to monetize holdings, notably its Made in America Validator Network (MAVAN).
Management frames the latest buy as consistent with that plan and opportunistic during volatility. “BitMine views this pullback in eth price as attractive, given the strengthening fundamentals,” said Thomas “Tom” Lee, Chairman, BitMine, via PR Newswire (https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-326-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-0-billion-302682272.html). In the same disclosure, the company said roughly 2.9 million ETH are staked, generating about $202 million in annualized ETH staking revenue, with potential to approach ~$374 million as MAVAN scales.
Immediate impact on ETH supply, validator yields, and BMNR narrative
Large additions can constrain liquid supply and, when delegated, influence validator economics and realized staking yields. Analysts also note potential yield effects as stake share rises, according to Ainvest (https://www.ainvest.com/news/ethereum-news-today-bitmine-surpasses-4m-eth-institutional-stake-tightens-supply-dynamics-2512/).
On strategic positioning, Ainvest highlights external commentary on BitMine’s progress toward a 5% ETH supply target; at 4.326 million ETH, that is roughly 72% of the way by count.
At the time of this writing, Benzinga reported BitMine’s ETH trove at about $9.2 billion, implying an ETH reference price near $2,125 for that snapshot (https://www.benzinga.com/crypto/cryptocurrency/26/02/50486797/tom-lee-predicts-v-shaped-recovery-as-bitmine-adds-40613-eth).
Risks, comparisons, and MAVAN staking economics to watch
Concentration, regulatory scrutiny, and balance-sheet volatility
A 3.58% supply position concentrates exposure to one asset and may invite regulatory and governance scrutiny over validator centralization optics. Balance-sheet volatility is inherent, as crypto valuations are marked to fast-moving markets.
Liquidity and redemption dynamics also matter. If BitMine materially increases or decreases stake, execution could affect realized yields and market depth, though timing, liquidity venues, and hedging would modulate outcomes.
Peer-treasury context and progress toward a 5% supply target
Peer treasuries in public markets vary in size and asset mix, with many holding primarily bitcoin or smaller ETH allocations. Progress toward a 5% ETH share will be tracked against net issuance, staking participation, and competitor accumulation.
MAVAN’s throughput, client diversity, and geographic distribution will shape both revenue durability and decentralization optics relative to other institutional validator operators.
FAQ about BitMine ETH holdings
Why did BitMine buy 40,613 ETH during the pullback, and how does it fit their long-term strategy?
Management described the pullback as attractive versus fundamentals, aligning with an ETH-centric, staking-first strategy and MAVAN buildout to convert holdings into recurring protocol revenue.
How much ETH has BitMine staked and what annual ETH staking revenue could MAVAN generate?
About 2.9 million ETH are staked; current annualized ETH staking revenue is roughly $202 million, with MAVAN potentially lifting it toward ~$374 million as operations scale.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Circle Mints $500 Million USDC on Solana Blockchain
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Circle Mints $500 Million USDC on Solana Blockchain
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Circle Mints $500 Million USDC on Solana Blockchain
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
Latest
Press Release
Is DOGEBALL The Best Crypto Coin To Buy Right Now Over CRO, TON, And SHIB For The 2026 Bull Run?
