Catenaa, Friday, February 13, 2026-BitMine Immersion Technologies acquired 40,613 ether last week, boosting its corporate treasury to 4,325,738 ETH, valued at roughly $9.2 billion.
The purchase brings the firm to 72% of its “Alchemy of 5%” target, representing about 3.58% of circulating ether supply, achieved within six months of initiating the strategy.
Executive Chairman Tom Lee said the buys occurred while ether trades 62% below its 2025 peak, highlighting high network utility with daily transactions reaching 2.5 million and active addresses exceeding 1 million. Lee emphasized that historically, ether recovers sharply from market downturns, with BitMine positioning to benefit from what it views as an undervalued asset.
BitMine’s broader holdings total $10 billion, including 193 BTC, $200 million in Beast Industries, $19 million in Eightco Holdings, and $595 million in cash. Roughly 2,897,459 ETH, or 67% of its total ether, is staked, generating $202 million in annualized revenue, a 7% increase from the prior week.
Staking through the upcoming MAVAN network is expected to scale rewards to $374 million annually, or over $1 million daily.
The company’s stock, BMNR, remains highly active in U.S. markets, ranking as the 107th most traded stock with a five-day average daily dollar volume of $1.3 billion.
