Bitmine Boosts Ethereum Treasury to 4.3M ETH Amid Growing Institutional Accumulation

BitMine Immersion acquired 40,613 Ethereum tokens on February 8, 2026, and the treasury now holds 4,325,738 ETH, with a position value of about $9.2 billion. This purchase increased the company’s ownership of the circulating Ethereum (ETH) supply to 3.58%, and it aims to control 5% of all tokens.

BitMine Chairman Supports Aggressive ETH Purchase Amid Price Plunge

As said before, BitMine’s latest strategic move is to control 5% of Ethereum’s total circulating supply. According to data from the Strategic ETH Reserve, the company has achieved 70% of its goal, currently holding $4.3 million in ETH holdings.

BitMine’s Chairman, Tom Lee, said the company purchased when ETH was trading 62% below its high in 2025. Ethereum prices changed from a high of $2,300 to lows near $1,700 throughout the week before settling around $2,000. The price has declined by approximately 31% over the past 30 days. However, the company has not specified the average purchase cost.

​Currently, the cryptocurrency market is experiencing a volatile period, marked by the nomination of Kevin Warsh to the Federal Reserve and heightened geopolitical tensions. Nevertheless, Ethereum’s network key usage has remained robust. Tom Lee said that BitMine is adopting a new technique beyond the “buy-and-hold” strategy.

This cycle is broken by moving towards accretive acquisitions and high-risk capital deployment. This includes allocations into smaller-cap tokens like Orbs and investments in media outlets like Mr Beast.

He also emphasized that the Ethereum network reached high records despite the price plunge. According to the data, daily transactions reached an all-time high of 2.5 million, and the active addresses increased to 1 million per day in 2026. Lee pointed out that this offers a good strategic opportunity with operational trends and performance.

Tom Lee argues that “Ethereum is the future of finance”. He also dismissed concerns about the firm’s latent losses.

BitMine’s Other Investments

BitMine has reported $10 billion allocated across digital assets, cash, and equity investments. Apart from the main Ethereum purchase, BitMine holds 193 Bitcoin, $200 million in Beast Industries shares, $19 million in Eightco Holdings, and $595 million in cash reserves.

Staking operations include 2,897,459 Ethereum (ETH), constituting 67% of total holdings, with a current value of $6.2 billion. The staked tokens generate $202 million in annual revenue with a yield of around 3.32%, exceeding the 3.11% composite rate across the broader Ethereum network.

BitMine’s MAVAN Infrastructure Launch

BitMine is preparing the launch of the Made in America Validator Network (MAVAN) in Q1 2026. The company expects that once it is fully launched and becomes operational, the annual staking rewards could reach $374 million, or over $1 million per day.

On Friday, BitMine shares closed at around $20.47 following a 17.6% single session gain; however, it recorded a decline of around 5% in pre-market trading. The stock ranks 107th among U.S. equities by trading activity, with a five-day average daily volume of $1.3 billion.

Bottomline

According to market analysts, BitMine is currently acquiring ETH tokens as unrealized losses, as the token is trading below 62% below its 2025 highs. Despite this, the company remains optimistic that Ethereum is heading towards a bullish trend, anticipating a V-shaped recovery, which is driven by high network utility and record on-chain activity.