Bitmine (NYSE: BMNR) outlines $9.6B ETH, cash and staking income
Rhea-AI Filing Summary
Bitmine Immersion Technologies filed a current report to share a detailed update on its crypto and cash holdings. The company now reports combined crypto, cash and “moonshot” investments totaling $9.6 billion, centered on a very large Ethereum position.
As of February 22, 2026, Bitmine holds 4,422,659 ETH valued at $1,958 per token, equal to 3.66% of the 120.7 million ETH supply, plus 193 Bitcoin, a $200 million stake in Beast Industries, a $17 million stake in Eightco Holdings, and $691 million of cash. Of this, 3,040,483 ETH is staked, producing annualized staking revenues of $171 million and representing about 69% of Bitmine’s ETH holdings.
The company highlights a recent weekly purchase of 51,162 ETH, a 7‑day staking yield of 2.89% versus a Composite Ethereum Staking Rate of 2.81%, and plans to launch its MAVAN staking infrastructure in early 2026. Management also notes that Bitmine stock has recently averaged $0.7 billion in daily trading volume, ranking it among the most actively traded U.S. stocks.
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Insights
Bitmine details a concentrated, Ethereum-heavy treasury with sizable staking income.
Bitmine positions itself as an Ethereum-centric treasury vehicle, reporting total crypto, cash and “moonshot” holdings of
Staking is central to the model:
Bitmine cites high trading activity in its shares, with average daily dollar volume of
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 7.01 Regulation FD Disclosure.
On February 23, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release (the “Press Release”) providing an update on the Company’s operations. A copy of the Press Release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated February 23, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Bitmine Immersion Technologies, Inc. | |||
| Dated: | February 23, 2026 | By: | /s/ Chi Tsang |
| Name: | Chi Tsang | ||
| Title: | Chief Executive Officer | ||
Exhibit 99.1
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.423 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
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, NV, February 23, 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 $9.6 billion.
As of February 22, 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.
MEDIA CONTACT:
Marcy Simon
Marcy@agentofchange.com
+19178333392
FAQ
What total crypto and cash holdings did Bitmine (BMNR) report in this update?
How much Ethereum does Bitmine (BMNR) hold and what share of supply is it?
What portion of Bitmine’s (BMNR) Ethereum is staked and what revenue does it generate?
What other assets besides Ethereum are in Bitmine’s (BMNR) treasury?
What is Bitmine’s (BMNR) MAVAN staking solution and when will it launch?
How actively is Bitmine (BMNR) stock trading according to this disclosure?
Filing Exhibits & Attachments
6 documents