Bitmine Immersion Technologies (BMNR) now controls a massive 3.58% of the entire Ethereum supply, holding 4,325,738 ETH tokens valued at roughly $9.2 billion as of this writing.
Hold onto your hats—this is next-level corporate crypto aggression! Bitmine dropped this bombshell update on February 9, 2026, via press release, revealing they scooped up 40,613 ETH in just the past week during the market dip. Priced around $2,125 per ETH in the announcement (though ETH is hovering near $2,110 as of this writing), this haul pushes their total treasury dominance even further. They’re now the undisputed #1 corporate Ethereum holder globally and rank #2 overall in crypto treasuries behind MicroStrategy’s Bitcoin fortress.
Bitmine Owns 3.58% of All ETH – The Largest Corporate ETH Treasury on Earth!
Breaking it down: Of their 4.326 million ETH, about 2.9 million tokens are staked, generating an annualized $202 million in rewards (up recently and poised to hit $374 million annually once their Made-in-America Validator Network—MAVAN—launches full throttle in Q1 2026). That’s over $1 million a day in potential yield! Total holdings? A cool $10 billion in crypto, cash, and “moonshots,” including 193 BTC, a $200 million stake in Beast Industries, $19 million in Eightco Holdings (ORBS), and $595 million in cash.
Executive Chairman Tom Lee is all-in: “ETH sees V-shaped recoveries from major lows. This happened in each of the 8 prior declines of 50% or more. A similar recovery is expected in 2026.” He’s highlighting Ethereum’s rock-solid fundamentals—daily transactions at all-time highs and active addresses exploding.
This bold ETH accumulation mirrors trailblazing moves we’ve tracked before, like MicroStrategy’s relentless Bitcoin buildup that transformed corporate balance sheets or Tesla’s pioneering Bitcoin treasury play that shook Wall Street.
Why ETH? Bitmine’s High-Yield Power Play
Bitmine is laser-focused on Ethereum as the backbone of future finance. With staking yields delivering real returns (around 3-3.3% recently), it’s basically a turbocharged corporate savings vehicle. Their upcoming MAVAN validator network could supercharge those rewards even more. Backed by big names like ARK Invest’s Cathie Wood, Founders Fund, and Pantera, Bitmine’s stock is ultra-liquid too—averaging $1.3 billion in daily trading volume recently, putting it in the top tier of U.S. stocks.
How the Market Reacted When Others Did This
Big crypto treasury announcements are market fireworks—sometimes explosive, sometimes volatile. Tesla’s 2021 Bitcoin buy initially lifted shares ~2% but then dipped amid broader crypto swings. MicroStrategy’s ongoing Bitcoin strategy sent its stock soaring multiples over time during bulls, but it cratered significantly in bear phases amid price drops. SharpLink Gaming’s ETH treasury news triggered a jaw-dropping 400% single-day surge. On the flip side, Trump Media and GameStop saw ~10% drops after their 2025 Bitcoin commitments as risk concerns mounted. For Bitmine? Shares climbed about 4.8% on February 9 to close around $21.45 (with after-hours near $21.38 as of this writing), contributing to a YTD gain of roughly 21%. Bold treasury bets win big when conviction meets momentum—but markets can punish heavy exposure fast. High risk, high reward!
Bitmine is redefining corporate crypto adoption at warp speed. With Ethereum’s ecosystem firing on all cylinders, this treasury milestone could light the fuse for broader institutional moves. The revolution is accelerating—don’t blink!
