Bitmine Announces ETH Holdings Reach 4.474 Million ETH and Total Crypto and Cash Holdings of $9.9 Billion
As of 1 March 2026 at 14:00 ET, Bitmine’s crypto holdings comprise 4,473,587 ETH valued at US$1,976 per ETH, 195 BTC, US$200 million staked in Beast Industries, US$14 million staked in Eightco Holdings (NASDAQ: ORBS) as ‘moonshots’, and cash of US$868 million. Bitmine’s ETH holdings amount to 3.71% of the ETH supply (120.7 million ETH).
Bitmine continues to execute its Ethereum treasury strategy as we move through the tail end of this short crypto winter. Geopolitical uncertainties have increased in recent days after the US began combat operations against Iran, and their impact on financial and digital asset markets will be felt in the coming weeks. We continue to acquire ETH steadily and optimise returns on our ETH holdings,” said Thomas “Tom” Lee, Chairman of Bitmine.
“Over the past week, we purchased 50,928 ETH,” Lee said. “Bitmine has been buying Ethereum because we view this pullback as attractive, given the strengthening fundamentals. In our view, the ETH price does not reflect the high utility of ETH and its role as the future of finance.”
“As of 1 March 2026, Bitmine’s total ETH stake reached 3,040,483 ETH (US$6 billion at US$1,976 per ETH).”Bitmine has staked more ETH than any other entity worldwide. On a large scale (once Bitmine’s ETH is staked in MAVAN and by its staking partners), ETH staking rewards would be US$253 million per year (using BMNR’s 7-day yield of 2.86%),” Lee said.”
“Current annual staking revenue stands at approximately US$172 million. The 3 million ETH represents around 68% of Bitmine’s 4.5 million ETH stake. The Composite Ethereum Staking Rate (CESR, managed by Quatrefoil) is 2.83%, while Bitmine’s staking operations yield 2.86% over seven days (annualised).”Our staking solution continues to make progress, namely The Made-in-America Validator Network (MAVAN). This solution is ‘best in class’, offering secure staking infrastructure and will be deployed in early 2026. Bitmine is currently working with three staking providers before launching MAVAN in 2026,” Lee said.
“Bitmine’s crypto holdings place it as the No. 1 Ethereum treasury and No. 2 global treasury after Strategy Inc. (NASDAQ: MSTR), which holds 717,722 BTC worth US$47 billion. Bitmine remains the largest ETH treasury in the world.”
“Bitmine is among the most traded stocks in the US. According to Fundstrat, the stock has traded at an average daily dollar volume of US$0.8 billion (5-day average as of 27 February 2026), ranking 145th in the US after Datadog and ahead of Expedia Group among the 5,704 listed US stocks (Statista and Fundstrat research).”
“Genius Act and the Crypto Securities and Exchange Commission (SEC) are changing financial services in 2025 as did the 1971 actions ending Bretton Woods and the gold standard for USD 54 years ago. This 1971 event triggered a modernization of Wall Street, creating the iconic Wall Street behemoth and current financial and payment rails. This has proven a superior investment to gold.”
“Forward-Looking Statements: This press release contains forward-looking statements. Statements that are not purely historical are subject to risks and uncertainties.”