As of February 1, 2026, Bitmine holds significant assets in cryptocurrency. They own over 4.28 million ETH, valued around $2,317 each, along with 193 Bitcoins and stakes in companies like Beast Industries and Eightco Holdings. Their total cash reserves amount to $586 million.
Interestingly, while Ethereum’s daily transactions reached an all-time high of 2.5 million, its price has fallen sharply from about $3,000 to $2,300 within a month. This drop contrasts previous market trends. Thomas Lee, Executive Chairman of Bitmine, noted that despite booming on-chain activity, non-fundamental factors are affecting ETH prices. He suggested that the absence of leverage in the crypto market and rising precious metal prices are causing this pullback.
In recent developments, Bitmine has been actively acquiring Ethereum, believing the current prices do not reflect its strong fundamentals. Currently, they have staked nearly 2.9 million ETH, which could generate around $1 million in daily rewards once fully operational. This positions Bitmine as a leader in Ethereum treasury, more than any other entity globally.
Bitmine’s trading volume is also notable, averaging $1.1 billion daily, ranking them among the top stocks in the U.S. This mirrors historical shifts in finance, reminiscent of the 1971 decision to end the gold standard, which transformed Wall Street.
Looking forward, the launch of their Made in America Validator Network (MAVAN) in early 2026 is anticipated to further strengthen their staking infrastructure. In a world where the financial landscape continues to evolve rapidly, Bitmine’s strategic moves in Ethereum may define its role in the future of finance.
For additional information about Bitmine, including their earnings presentations and corporate details, you can visit their website here.
