Bitmine Announces Latest Asset Map: ETH as Core Holding
(Source: BitMNR)
Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), headquartered in Las Vegas, reported on February 23, 2026, that its combined crypto assets, cash, and Moonshots investments have reached $9.6 billion.
As of February 23, 2026, the company’s asset composition is as follows:
- 4,422,659 ETH (valued at $1,958 per token)
- 193 BTC
- $200 million equity investment in Beast Industries
- $17 million in Eightco Holdings (NASDAQ: ORBS) shares
- $691 million in cash
(Source: Bitmine Immersion Technologies, Inc.)
ETH holdings represent 3.66% of the total Ethereum supply (about 120.7 million tokens), with more than 73% progress toward the company’s “5% target”—achieved in just seven months.
Continued ETH Accumulation Amid Market Volatility
Bitmine Chairman Thomas Tom Lee emphasized that even during a minor crypto downturn, the company has remained committed to its strategy, steadily increasing ETH holdings and optimizing staking yields. Last week alone, Bitmine acquired an additional 51,162 ETH. Lee noted that current prices do not adequately reflect Ethereum’s real-world utility and future potential within financial infrastructure.
He identified three core drivers for Ethereum’s ongoing momentum:
- Wall Street’s push for asset tokenization
- Demand from AI and agentic AI for execution and payments on smart blockchains
- The creator economy’s reliance on on-chain verification and value confirmation mechanisms
Leading Staking Scale, MAVAN Project Set to Launch
In addition to its holding strategy, Bitmine is actively strengthening its staking allocation. As of February 23, 2026, the company has:
- 3,040,483 ETH staked
- Staked assets valued at approximately $6 billion (at $1,958 per token)
- Making up about 69% of the company’s total ETH holdings
Current staking generates annualized returns as follows:
- Annualized income: approximately $171 million
- 7-day annualized yield: about 2.89%
- CESR (compound staking rate managed by Quatrefoil): 2.81%
Lee stated that once MAVAN and partner staking providers are fully deployed, annualized staking rewards are expected to reach $249 million.
MAVAN: U.S.-Based Validator Network
Bitmine is developing its proprietary staking infrastructure—The Made in America Validator Network (MAVAN)—which is slated for official launch in Q1 2026. The company has already partnered with three staking service providers in preparation for MAVAN’s rollout. The initiative aims to build a secure, scalable validator node network, further improving ETH staking efficiency and rewards management.
Portfolio and Market Performance
(Source: BitMNR)
Beyond crypto assets, Bitmine recently completed a $200 million initial investment in Beast Industries. In capital markets, BMNR stock has shown robust liquidity, including:
- Ranked 165th in U.S. trading volume
- 5-day average daily turnover of $700 million
The company has also secured support from major institutional investors, including Cathie Wood (ARK), MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, Digital Currency Group (DCG), Galaxy Digital, and Thomas Tom Lee (personal investment). These resources will continue to advance Bitmine toward its strategic goal of holding 5% of ETH’s supply.
Conclusion
Bitmine is expanding its ETH holdings with clear momentum, deepening its staking strategy and infrastructure development. Despite market volatility, the company continues to increase its holdings and optimize yield models, enhancing treasury efficiency and liquidity. With MAVAN’s launch on the horizon and ongoing institutional support, Bitmine is steadily consolidating its position in the crypto treasury sector and progressing toward its long-term goal of holding 5% of ETH’s supply.
