TLDR
- Bitmine holds 4,285,125 ETH as of February 1, 2026, equal to 3.55% of total ETH supply.
- The company added 41,788 ETH during the past week, increasing its Ethereum exposure.
- Bitmine has staked 2,897,459 ETH, representing about 67% of its total ETH holdings.
- At a 2.81% CESR, full-scale annualized staking rewards could reach $374 million.
- Total assets, including crypto, cash, and equity stakes, amount to $10.7 billion.
Bitmine Immersion Technologies confirmed that it now holds 4,285,125 ETH, representing 3.55% of total supply. The company added 41,788 ETH over the past week and now has 2,897,459 ETH staked. Bitmine projects that full-scale annual staking rewards could reach $374 million at a 2.81% CESR rate.
Ethereum Holdings Increase as Staking Operations Expand
Bitmine reported that its ETH holdings were valued at $9.93 billion, based on an ETH price of $2,317 on Coinbase. The company also disclosed ownership of 193 BTC, $586 million in cash, and investments in Beast Industries and Eightco Holdings. Total holdings across crypto, cash, and equity investments now stand at $10.7 billion.
Executive Chairman Thomas Lee stated, “In the past week, we acquired 41,788 ETH.” He noted that on-chain activity remains strong, while prices have dropped. “Ethereum’s fundamentals are solid, but the price does not reflect current network activity,” he added.
Bitmine increased its staked ETH by 888,192 over the past week. Total staked ETH now represents about 67% of the company’s Ethereum holdings. Using a 2.81% Composite Ethereum Staking Rate, Bitmine expects annual rewards of over $1 million per day.
Bitmine Advances MAVAN Staking Solution Development
The company is developing its in-house staking system called MAVAN, short for Made in America Validator Network. The infrastructure will offer secure Ethereum staking support and is expected to launch in early 2026. Bitmine is currently working with three staking providers during the build phase.
Annualized staking rewards have risen to $188 million, an 18% increase over the past seven days. Bitmine plans to fully stake its ETH holdings through MAVAN and external partners. CESR is managed by Quatrefoil and currently stands at 2.81%.
According to Bitmine, Ethereum remains its core asset class. The company maintains the largest ETH treasury globally, ahead of all other holders. Bitmine ranks second overall among crypto treasuries, following Strategy Inc., which holds over 712,000 BTC.
