Catenaa, Monday, February 23, 2026-BitMine Immersion Technologies (BBMNR) said Tuesday its Ethereum holdings rose to 4,371,497 ETH, up roughly 45,759 ETH from the prior week, with staking revenue expected to reach $252 million annually once its Made in America Validator Network (MAVAN) is fully operational.
The company’s total crypto, cash, and strategic investments now equal $9.6 billion, including $8.7 billion in ETH at $1,998 per token and $670 million in cash.
Additional holdings include 193 BTC, a $200 million stake in Beast Industries, and $17 million in Eightco Holdings. Of the Ethereum treasury, 3,040,483 ETH are staked, generating $176 million in annualized revenue, with potential to rise to $252 million at scale.
The update follows last week’s disclosure that BitMine’s ETH holdings surpassed 4.33 million tokens. Chairman Tom Lee said the firm will continue accumulating regardless of short-term price volatility, describing balance sheet fluctuations as a feature of corporate Ethereum strategies rather than a flaw.
Despite Ether’s 33% year-to-date decline and a 22% drop in BitMine shares, the company maintains a long-term approach to corporate treasury management.
Analysts note BitMine’s strategy contrasts with traditional index ETFs by emphasizing active accumulation and staking yield, leveraging MAVAN to maximize revenue while supporting network security.
