BitMine Expands Ethereum Treasury With Over 51,000 ETH Purchase

Bitmine Immersion Technologies has significantly expanded its Ethereum treasury, acquiring an additional 51,162 ETH over the past week as part of an aggressive accumulation strategy.

The latest purchases bring the company’s total Ethereum holdings to 4,422,659 ETH as of February 22–23, 2026, reinforcing its position as one of the largest institutional holders of Ethereum.

According to the company’s latest update, BitMine now holds approximately $9.6 billion in total crypto and cash assets. This includes Ethereum reserves, Bitcoin holdings, venture-style investments, and a substantial cash position.

The accumulation occurred during an Ethereum market pullback, a move widely interpreted as a high-conviction bet on Ethereum’s long-term growth. Market observers view the purchases as further evidence of increasing institutional interest in ETH as a strategic treasury asset.

Ethereum Holdings Reach More Than Four Million Tokens

BitMine’s Ethereum treasury has grown rapidly, reaching 4,422,659 ETH, valued at roughly $1,958 per ETH based on exchange pricing.

The company’s holdings represent a substantial share of Ethereum’s circulating supply, estimated at approximately 3.6% of all ETH in existence. This scale places BitMine among the most significant institutional Ethereum holders globally.

Recent purchases alone included tens of thousands of ETH acquired during a market dip, highlighting the company’s willingness to accumulate assets during periods of price weakness.

The strategy reflects strong confidence in Ethereum’s long-term fundamentals and future network development.

BitMine leadership has indicated that Ethereum could see a defining year ahead, driven by network upgrades and increasing institutional participation.

Total Crypto And Cash Holdings Reach $9.6 Billion

BitMine’s total crypto and cash holdings now stand at approximately $9.6 billion, reflecting a diversified treasury structure.

The portfolio includes:

•  4,422,659 ETH valued at approximately $1,958 per ETH
•  193 BTC
•  $691 million in cash reserves
•  $200 million stake in Beast Industries linked to MrBeast
•  $17 million investment in Eightco Holdings

These holdings combine core crypto assets with what the company describes as “moonshot” investments aimed at long-term growth.

The large cash reserve provides liquidity for future acquisitions and operational flexibility, allowing the company to continue expanding its digital asset holdings when market opportunities arise.

BitMine’s equity has also become increasingly active in public markets, ranking among the most traded U.S. stocks with daily trading volumes around $700 million.

More Than Three Million ETH Now Staked

A major portion of BitMine’s Ethereum holdings is currently staked to generate yield.

As of late February 2026, BitMine has staked approximately 3,040,483 ETH, valued at roughly $6.0–$6.1 billion depending on market pricing.

The company’s staking expansion has accelerated significantly in recent months:

•  February 17, 2026: 3,040,483 ETH
•  February 8, 2026: 2,897,459 ETH
•  February 1, 2026: 2,897,459 ETH
•  January 26, 2026: 2,009,267 ETH
•  January 19, 2026: 1,838,003 ETH
•  January 11, 2026: 1,256,083 ETH
•  January 4, 2026: 659,219 ETH
•  December 28: 408,627 ETH

This rapid growth highlights BitMine’s transition from a traditional mining-focused company into a major staking infrastructure participant.

The company currently works with three staking providers and plans to expand further as its validator network develops.

MAVAN Validator Network Planned For 2026 Launch

BitMine is preparing to launch its MAVAN (Made in America Validator Network), a commercial validator infrastructure project expected to go live in 2026.

The network aims to provide institutional-grade Ethereum staking infrastructure while supporting the company’s long-term treasury strategy.

The staking program currently delivers a Composite Ethereum Staking Rate (CESR) of approximately 2.81%, administered by Quatrefoil.

By combining treasury accumulation with validator infrastructure, BitMine is positioning itself as both a major ETH holder and a key participant in network security.

This dual strategy allows the company to generate ongoing yield while maintaining exposure to Ethereum’s price appreciation.

Institutional Ethereum Strategies Continue To Expand

BitMine’s aggressive accumulation strategy reflects a broader trend of institutional adoption within the Ethereum ecosystem.

Rather than treating ETH purely as a speculative asset, institutions increasingly view Ethereum as long-term infrastructure similar to digital commodities or financial rails.

Accumulation during market pullbacks suggests a strategic approach focused on long-term positioning rather than short-term trading.

The company’s continued purchases indicate confidence that Ethereum’s upcoming technological developments and expanding use cases could drive sustained growth.

With billions of dollars allocated to ETH and a rapidly expanding staking operation, BitMine has emerged as one of the most influential institutional players in the Ethereum ecosystem.

Its strategy illustrates how corporate treasuries are evolving beyond traditional assets toward large-scale digital asset accumulation.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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