Bitmine Immersion reports total holdings $10.7B as of February 1

Bitmine Immersion Technologies (BMNR) announced Bitmine crypto + total cash + “moonshots” holdings totaling $10.7B. As of February 1, the Company’s crypto holdings are comprised of 4,285,125 ETH at $2,317 per ETH, 193 Bitcoin (BTC-USD), $200M stake in Beast Industries, $20M stake in Eightco Holdings (ORBS) and total cash of $586M. Bitmine’s ETH holdings are 3.55% of the ETH supply. “ETH prices have dropped sharply in the past month from ~$3,000 to ~$2,300. This occurred while Ethereum daily transactions hit an all-time high of 2.5mm and active addresses soared in 2026 to an ATH to 1M daily. In other words, Ethereum on-chain activity and fundamentals have grown solidly in the past few months, but ETH prices have declined. During the crypto winter of 2021-2022 or 2018-2019, Ethereum transaction activity and active wallets declined, which is counter to what we have seen in the past 12 months,” said Thomas “Tom” Lee, Executive Chairman of Bitmine. As of February 1, 2026, Bitmine total staked ETH stands at 2,897,459, or $6.7B at $2,317 per ETH. This is an increase of 888,192 in the past week. “Annualized staking revenues are now $188 million, up +18% in the past week (see chart). And this 2.9 million ETH is about 67% of the 4.3 million ETH held by Bitmine. The CESR is 2.81%. We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026,” continued Lee.