As of March 1, 2026, Bitmine’s crypto holdings prominently feature 4,473,587 Ethereum (ETH) at a current valuation of $1,976 per ETH, along with assets that include 195 Bitcoin (BTC), a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings, and total cash reserves amounting to $868 million. The company’s Ethereum holdings represent 3.71% of the total ETH supply, which stands at approximately 120.7 million ETH.
Thomas “Tom” Lee, the Chairman of Bitmine, commented on the company’s strategic approach amidst a challenging market environment, stating, “Bitmine continues to methodically execute our Ethereum treasury strategy as we move through the later stages of this ‘mini crypto winter.'” He noted that recent geopolitical developments, such as the U.S. military operations against Iran, could potentially impact financial and digital asset markets.
In the past week alone, Bitmine acquired an additional 50,928 ETH, reinforcing their belief that the current price dip of Ethereum presents a substantial opportunity due to strengthening fundamentals. Lee emphasized that the current price does not reflect the high utility of ETH and its anticipated role in the future of finance.
As of the specified date, Bitmine has a total of 3,040,483 staked ETH, valued at $6.0 billion. Lee stated that Bitmine’s staked ETH exceeds holdings of any other entity globally, projecting an annual yield of approximately $253 million from staking, based on a 2.86% yield over seven days. Currently, the annualized staking revenues stand at $172 million, with about 68% of Bitmine’s total ETH being staked.
Lee also outlined the development of Bitmine’s staking solution, known as the Made in America VAlidator Network (MAVAN), which aims to offer a superior infrastructure for staking. The rollout of MAVAN is anticipated in early 2026, with collaborations currently ongoing with three staking providers.
In terms of market standing, Bitmine maintains a significant presence as the world’s largest Ethereum treasury and the second-largest global treasury, following Strategy Inc., which holds 717,722 BTC valued at $47 billion. Bitmine has established itself among the most actively traded stocks in the U.S., with an average daily trading volume of $0.8 billion, ranking 145th among over 5,700 listed stocks.
Looking ahead, this moment is seen as pivotal in the evolution of financial services, akin to the significant changes witnessed in 1971 when the U.S. abandoned the gold standard. Analysts believe that the ongoing GENIUS Act and the SEC’s Project Crypto could lead to transformative outcomes in the industry.
For those wishing to keep updated, additional information, including the Chairman’s messages and corporate presentations, can be found on the Bitmine website. The company, known under the ticker NYSE AMERICAN: BMNR, is actively engaged in advancing its innovative digital asset strategies aimed at institutional investors and the public market.
