Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.285 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion

Rhea-AI Summary

Bitmine (NYSE AMERICAN: BMNR) reported total crypto + cash + “moonshots” holdings of $10.7 billion as of Feb 1, 2026. Key holdings include 4,285,125 ETH (valued at $2,317 each), 193 BTC, $586 million cash, and a $200 million stake in Beast Industries.

Bitmine reports 3.55% of ETH supply, 2,897,459 ETH staked, staking revenues annualized at $188 million (up 18% week-over-week), and MAVAN staking launch targeted early 2026.

Positive

• $10.7B total crypto + cash + moonshots holdings
• 4,285,125 ETH holdings (3.55% of ETH supply)
• $586M total cash on hand
• 2,897,459 ETH staked representing $6.7B at $2,317/ETH
• Annualized staking revenues $188M (up 18% last week)
• Closed initial $200M investment into Beast Industries

Negative

• ETH price decline from ~$3,000 to <$2,320 (~23% drop) in past month
• MAVAN staking solution not yet deployed; launch targeted early 2026 (execution timing risk)

Key Figures

Total crypto + cash + moonshots: $10.7 billion ETH holdings: 4,285,125 ETH ETH supply share: 3.55% of ETH supply +5 more

8 metrics

Total crypto + cash + moonshots $10.7 billion Holdings as of Feb 1, 2026

ETH holdings 4,285,125 ETH $2,317 per ETH per Coinbase, Feb 1, 2026

ETH supply share 3.55% of ETH supply Based on 120.7M total ETH

Total cash $586 million Cash component within $10.7B holdings

Beast Industries stake $200 million Equity investment classified as moonshot

Total staked ETH 2,897,459 ETH Staked ETH valued at $6.7B at $2,317 per ETH

Annual staking rewards $374 million At 2.81% CESR when ETH fully staked via MAVAN

Annualized staking revenue $188 million Up 18% in the past week

Market Reality Check

Price: $22.33 Vol: Volume 41,526,116 is at 0...

normal vol

$22.33 Last Close

Volume Volume 41,526,116 is at 0.95x the 20-day average of 43,596,274, indicating typical trading activity. normal

Technical Shares trade below the 200-day MA at 34.19, despite sizeable reported crypto and cash holdings.

Peers on Argus

BMNR is down 5.99%, while 3 crypto‑linked peers in the momentum set (e.g., MARA,...

3 Down

BMNR is down 5.99%, while 3 crypto‑linked peers in the momentum set (e.g., MARA, IREN, WULF) also move down (median about -4.2%), pointing to broader pressure on crypto/capital‑markets names rather than a BMNR‑only move.

Previous Crypto Reports

5 past events · Latest: Jan 15 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Crypto investment update	Positive	-5.5%	Announced $200M equity investment in Beast Industries and updated crypto profile.
Jan 12	Crypto holdings update	Positive	+3.6%	Reported $14.0B holdings and 4.17M ETH with rising staked balance.
Jan 05	Crypto holdings update	Positive	+6.9%	Disclosed $14.2B holdings, 4.14M ETH and significant ETH acquisitions.
Dec 22	Crypto holdings update	Positive	-0.9%	Reported $13.2B holdings and 4.07M ETH with higher trading volume.
Dec 08	Crypto holdings update	Positive	+5.2%	Announced $13.2B holdings and 3.86M ETH with rapid weekly accumulation.

Pattern Detected

Crypto-treasury updates have often led to positive moves, but there are notable selloffs on otherwise constructive crypto news, showing a mixed but slightly favorable reaction pattern.

Recent Company History

Over the past few months, Bitmine has repeatedly highlighted its growing Ethereum treasury and large trading liquidity. Prior crypto updates reported holdings between $13.2B–$14.2B and ETH positions rising from 3.37% to 3.45% of supply, with increasing staked ETH and cash balances. The company also disclosed a $200M Beast Industries investment and continued to promote its role as a leading ETH treasury. Today’s news extends that trajectory with higher ETH ownership, more staked ETH, and reiterated plans for the MAVAN staking platform.

Historical Comparison

crypto

+4.4 %

Average Historical Move

Historical Analysis

Across 5 recent crypto updates, BMNR’s average move was +4.41%. Today’s -5.99% decline contrasts with the typical positive reaction to similar ETH-treasury news.

Typical Pattern

Crypto-tagged releases show a steady build in ETH holdings (from about 3.37% to 3.55% of supply), rising staked balances, and preparation for the MAVAN staking rollout, positioning Bitmine as a large, progressively more yield-focused ETH treasury.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-07-28

The company has an effective S-3ASR shelf filed on 2025-07-28, expiring 2028-07-28, with at least two 424B5 takedowns in 2025. This provides pre-established flexibility to issue securities, subject to actual usage and remaining capacity, which are not specified here.

Market Pulse Summary

This announcement details Bitmine’s scale as an Ethereum-focused treasury, with $10.7B in crypto, ca...

Analysis

This announcement details Bitmine’s scale as an Ethereum-focused treasury, with $10.7B in crypto, cash and moonshots and 4.29M ETH, including roughly 2.9M staked. It also quantifies material staking economics, citing $188M in annualized revenues and potential $374M when fully staked at a 2.81% CESR. In context of recent filings, board refreshment and an effective S‑3ASR shelf, investors may focus on how future capital deployment, staking expansion, and governance changes interact with broader crypto-market swings.

Key Terms

staking, composite ethereum staking rate, validator, treasury, +1 more

5 terms

staking technical

"Bitmine total staked ETH stands at 2,897,459 ($6.7 billion at $2,317 per ETH)."

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

composite ethereum staking rate technical

"The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.81%."

A composite ethereum staking rate is the single, annualized percentage that represents the typical return investors earn by locking up Ether across a mix of validators, staking pools and service providers, after accounting for fees and penalties. It matters because it shows the expected income from staking (like an average bank interest rate), helps compare staking vs. selling or lending choices, and influences supply dynamics and investor returns in the Ethereum ecosystem.

validator technical

"The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution..."

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

treasury financial

"Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury..."

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

securities and exchange commission regulatory

"The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto..."

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

Bitmine staked ETH stands at 2,873,459 and MAVAN staking solution on track to launch Q1 2026

Bitmine now owns 3.55% of the ETH token supply, over 70% of the way to the 'Alchemy of 5%' in just 6 months

Bitmine recently closed on initial $200 million investment into Beast Industries

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $10.7 billion, including 4.285 million ETH tokens, total cash of $586 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 105th most traded stock in the US, trading $1.1 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. 2, 2026 /PRNewswire/ -- (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 $10.7 billion.

As of February 1st, 2026 at 6:00pm ET, the Company's crypto holdings are comprised of 4,285,125 ETH at $2,317 per ETH (Coinbase), 193 Bitcoin (BTC), $200 million stake in Beast Industries, $20 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $586 million. Bitmine's ETH holdings are 3.55% of the ETH supply (of 120.7 million ETH).

"ETH prices have dropped sharply in the past month from ~$3,000 to ~$2,300. This occurred while Ethereum daily transactions hit an all-time high (ATH) of 2.5mm (per theblock.co) and active addresses soared in 2026 to an ATH to 1 million daily (per theblock.co). In other words, Ethereum on-chain activity and fundamentals have grown solidly in the past few months, but ETH prices have declined. During the crypto winter of 2021-2022 or 2018-2019, Ethereum transaction activity and active wallets declined, which is counter to what we have seen in the past 12 months," said Thomas "Tom" Lee, Executive Chairman of Bitmine.

"Thus, non-fundamental factors are arguably more the factors explaining the weakness in ETH prices. Foremost, in our view, is that leverage has not returned yet to crypto as the October 10th ripple effects continue. The second factor is the surge in precious metals prices, which have acted as a 'vortex' sucking away risk appetite from crypto. That said, Gold seems to be following 1979-1980 closely. What confirmed the top in January 1980 was a -13% daily decline on January 22, 1980. On January 30, 2026, Gold fell -9%, its 4th largest ever daily decline. Each of the prior 3 larger declines marked a near-term top," said Lee.

"In the past week, we acquired 41,788 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 1, 2026, Bitmine total staked ETH stands at 2,897,459 ($6.7 billion at $2,317 per ETH). This is an increase of 888,192 in the past week. "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 $374 million annually (using 2.81% CESR), or greater than $1 million per day," stated Lee.

"Annualized staking revenues are now $188 million, up +18% in the past week (see chart). And this 2.9 million ETH is about 67% of the 4.3 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.81%. 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 712,647 BTC valued at $55 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 $1.1 billion (5-day average, as of January 30, 2026), ranking #105 in the US, behind Schlumberger NV (rank #104) and ahead of Humana (rank #106) 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/

Select images from Bitmine's Annual Meeting can be found here.

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.

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SOURCE BitMine Immersion Technologies, Inc.

FAQ

How many ETH does Bitmine (BMNR) hold as of Feb 1, 2026?

Bitmine holds 4,285,125 ETH as of Feb 1, 2026. According to the company, that ETH position is valued at $2,317 per ETH and represents 3.55% of total ETH supply.

What is Bitmine's reported total crypto and cash holdings for BMNR on Feb 1, 2026?

Bitmine reports total crypto + cash + moonshots of $10.7 billion as of Feb 1, 2026. According to the company, this includes ETH, BTC, $586 million cash, and strategic stakes including $200 million in Beast.

How much ETH does Bitmine have staked and what are the staking revenues for BMNR?

Bitmine reports 2,897,459 ETH staked, generating annualized staking revenues of $188 million. According to the company, full-scale staking rewards could reach $374 million annually at 2.81% CESR.

When will Bitmine (BMNR) launch its MAVAN staking solution and what is its status?

Bitmine expects to deploy MAVAN in early 2026 and is working with three staking providers. According to the company, MAVAN is positioned as best-in-class staking infrastructure but is not yet live.

How has ETH price movement affected Bitmine's holdings and strategy (BMNR)?

ETH fell from about $3,000 to ~$2,317 recently, a material price decline. According to the company, Bitmine continued buying (41,788 ETH last week) viewing the pullback as an accumulation opportunity.