Bitcoin Reports 4.28M ETH Holdings and $374M in Annual Savings Potential
TLDR
As of February 1, 2026, Bitmin will hold 4,285,125 ETH, equal to 3.55% of the total ETH supply. The company added 41,788 ETH in the last week, increasing its exposure to Ethereum. Bitcoin has mined 2,897,459 ETH, which represents 67% of its total ETH holdings. At a CESR of 2.81%, full-scale annual stock awards could reach $374 million. Total assets including crypto, cash and equity are up to $10.7 billion.
Bitmine Immersion Technologies has confirmed that it now holds 4,285,125 ETH, which represents 3.55% of the total supply. The company added 41,788 ETH last week and now has 2,897,459 ETH in stock. Bitmine projects that full-scale annual stock awards could reach $374 million at a 2.81% CESR rate.
Ethereum Holdings will increase as staking operations expand
Bitmine reports that its ETH holdings are valued at $9.93 billion based on an ETH price of $2,317 on Coinbase. The company disclosed ownership of 193 BTC, $586 million in cash and investments in Beast Industries and Eightco Holdings. Total holdings in crypto, cash and equity investments now stand at $10.7 billion.
“Last week we got 41,788 ETH,” said executive chairman Thomas Lee. He pointed out that the activity on the chain will continue to be strong and the price will be reduced. “Ethereum's fundamentals are strong, but the price does not reflect the current network activity,” he added.
Bitmine increased its ETH stake by 888,192 last week. The total stake in ETH now represents 67% of the company's Ethereum holdings. Using a compound Ethereum Staking Rate of 2.81%, Bitmine expects annual rewards of over $1 million every day.
Bitmin Developments Development of MAVAN Staking Solution
The company is developing an in-house staging system called MAVAN, short for Made in America Verification Network. The infrastructure will provide support for secure Ethereum staking and is expected to launch in early 2026. Bitmin is currently working with three stakeholders in the construction phase.
Annual stock awards rose to $188 million, an 18 percent increase over the past seven days. Bitmine plans to fully share its ETH holdings through MAVAN and external partners. CESR is managed by Quatrefoil and currently holds 2.81%.
According to Bitcoin, Ethereum remains the main asset class. The company maintains the largest ETH treasury globally, ahead of all holders. Bitcoin holds the second position among crypto treasuries, followed by Strategy Inc., which holds more than 712,000 BTC.
