As of February 8, 2026, Bitmine has reported substantial cryptocurrency holdings, including 4,325,738 ETH valued at $2,125 each, 193 Bitcoin (BTC), and significant stakes in various companies, totaling $200 million in Beast Industries and $19 million in Eightco Holdings (NASDAQ: ORBS). The company also holds $595 million in cash, making their ETH holdings represent approximately 3.58% of the total ETH supply of 120.7 million.
In remarks made by Executive Chairman Thomas “Tom” Lee, he provided insights into the current state of the cryptocurrency market. Despite a dramatic decline of 62% in ETH prices from their 2025 peak, Lee noted that daily Ethereum transactions have reached an all-time high of 2.5 million. Additionally, the number of active Ethereum addresses has surged to 1 million daily, indicating a growing user base.
Lee highlighted the historical tendency for ETH prices to rebound after significant drops. He mentioned that the 2025 market experienced similar volatility, with ETH prices dropping sharply in early months before surging toward the end of the year. “Each of the eight previous declines of 50% or more in Ethereum prices has led to a V-shaped recovery,” he stated, expressing optimism for a potential rebound in 2026.
In the past week alone, Bitmine acquired an additional 40,613 ETH, further demonstrating their confidence in Ethereum’s long-term value amidst market fluctuations. Lee emphasized that the current market price does not adequately reflect Ethereum’s utility and its potential role in the future of finance. Bitmine’s total staked ETH amounts to 2,897,459, valued at approximately $6.2 billion, which constitutes a significant portion of their overall holdings.
With their staking operations yielding an annualized revenue of $202 million—an increase of 7% in just one week—Bitmine has positioned itself as a leader in the staking landscape. The company is set to enhance its staking capabilities through the launch of the Made in America VAlidator Network (MAVAN), expected to deploy in early 2026.
Currently, Bitmine maintains the world’s largest Ethereum treasury, ranking second globally behind Strategy Inc., which holds a substantial Bitcoin treasury. Continually active in the U.S. stock market, Bitmine records an impressive average daily traded volume of $1.3 billion, placing it among the top 100 publicly listed companies.
Lee drew parallels between the current transformations underway in the financial services sector, with initiatives like the GENIUS Act and the SEC’s Project Crypto, to historical milestones, notably the end of the gold standard in 1971, which catalyzed modern financial markets.
For further information, parties interested can access various resources and updates via Bitmine’s official website, including statements from Lee and other corporate presentations detailing financial performance and strategic direction.
