Bitmine Adds 40,600 ETH in a Week, Now Holds 3.6% of Total Supply

Bitmine added 40,600 ETH in one week, lifting holdings to 4.326M ETH, about 3.6% of total supply, with assets near $10B.

Bitmine Immersion Technologies expanded its Ethereum holdings over the past week, reinforcing its position as the largest known corporate holder of ETH.

The accumulation took place during a period of lower Ethereum prices, while on-chain activity continued to rise across the network.

The company confirmed that its crypto assets, cash, and strategic investments now total $10.0 billion.

Bitmine Expands Ethereum Holdings and Balance Sheet

Bitmine reported that it added approximately 40,600 ETH over the past seven days. This brought its total Ethereum holdings to about 4.326 million tokens.

The amount represents roughly 3.6% of Ethereum’s total circulating supply, estimated at 120.7 million ETH.

Based on a reference price of $2,125 per ETH, the Ethereum holdings are valued at more than $9.1 billion.

The company also disclosed holdings of 193 Bitcoin, along with minority investments in Beast Industries and Eightco Holdings.

Total cash reserves stood at $595 million as of February 8, 2026. The company stated that its crypto assets, cash, and other investments together reached $10.0 billion.

Bitmine described its strategy as focused on long-term crypto accumulation rather than short-term trading activity.

Staking Operations and Revenue Growth

According to a post on X by Crypto Town Hall, BitMine has increased its Ethereum holdings to approximately $8.82 billion, placing the firm among the largest known corporate holders of ETH.

The expanded position reflects continued institutional participation in Ethereum, as firms allocate capital to digital assets through long-term treasury strategies rather than short-term trading activity.

According to the company, annualized staking revenue has reached around $202 million.

This figure increased over the past week as additional ETH was deployed into staking.

Bitmine also noted that staking yields were supported by a composite Ethereum staking rate slightly above 3%.

Thomas Lee, Executive Chairman of Bitmine, said the company continues to expand its staking footprint.

He added that the firm is progressing toward the launch of its Made in America Validator Network, known as MAVAN, which is expected to support future staking operations.

Related Reading: Tom Lee’s Bitmine Faces $6.9B ETH Loss as Stock Crashes 84%

Ethereum Market Conditions and Investor Backing

Ethereum prices have fallen more than 60% from 2025 highs, according to data referenced by the company.

Despite the price decline, Bitmine cited rising network usage during the same period. Lee stated that daily Ethereum transactions reached about 2.5 million.

He also said that daily active addresses increased to roughly one million during 2026, reflecting continued network engagement.

Bitmine reported continued backing from institutional investors, including ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, and other firms.

The company also noted strong trading activity in its stock, with average daily trading volume of about $1.3 billion.

Bitmine reiterated its long-term objective of acquiring up to 5% of the total Ethereum supply.

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