BTC

$67254.743

-0.54%

ETH

$1977.584

-0.17%

XRP

$1.464

-0.85%

BNB

$617.977

-0.17%

Analysis

Bitmine’s ETH Holdings Surge to 4.37M Tokens Following Recent $90M Acquisition

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Key Insights:

  • Bitmine disclosed 4,371,497 ETH, equal to about 3.62% of supply, after a $90M purchase.
  • It staked 3,040,483 ETH, and it estimates annualized staking revenue near $176 million.
  • Bitmine reported 193 BTC, $670 million cash, and MAVAN staking infrastructure planned for Q1 2026.
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Bitmine’s ETH Holdings Surge to 4.37M Tokens Following Recent $90M Acquisition

Bitmine Immersion Technologies has expanded its Ethereum stash after a $90 million buy last week. The company says its ETH holdings surged to 4.37 million tokens and continue adding.

As of press time, Ethereum is trading at $1,967.57 with a 24-hour trading volume of $21,117,583,964. Ethereum has dropped to 1.21% in the last 24 hours.

ETH Holdings Surge After $90M Acquisition

Bitmine Immersion Technologies, listed as BMNR on NYSE American, reported 4,371,497 ETH in its treasury. The total equals about 3.62% of Ethereum’s supply at the time of its update. Bitmine put Ethereum’s supply at about 120.7 million ETH in the same release. 

The company said it will report treasury levels in future investor updates often. The company linked the jump to a $90 million acquisition, which was completed last week. It also acquired 45,759 ETH on that week as it built the position.

Based on a reference price near $1,998 per ETH, Bitmine valued the ETH stack near $8.7 billion. It also listed 193 BTC and $670 million in cash, along with equity stakes in other businesses.

Staked ETH Rises and Revenue Estimate Follows

However, Bitmine noted that 3,040,483 ETH is staked, and puts the staked share near 69% of its ETH holdings. Staking locks ETH for network validation, which can generate rewards paid in ETH.

In its disclosure, the company said ”annualized staking revenues are approximately $176 million”.

It also added that the seven-day annualized staking yield stood near 2.89% during the same period. The firm tied its longer-term staking goal to planned infrastructure, which it calls MAVAN.
Bitmine said MAVAN is β€œon track” for a Q1 2026 launch, and will support its planned staking build as ETH holdings keep rising.

Bitmine’s crypto and cash holdings totaled about $9.6 billion at the time of the statement. The company did not provide a fixed schedule for future buys, and it also did not set a target price.

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.
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Avatar of Maxwell Mutuma

Maxwell Mutuma

18 February 2026, 14:31:10 GMT +0000

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