In the final week of February 2026, the company added 50,928 ETH to its balance sheet, pushing its total holdings to 4,473,587 ETH.
Key Takeaways
Bitmine added 50,928 ETH in the final week of February 2026.
Total holdings now stand at 4.47 million ETH.
Over 3.04 million ETH are staked, generating $172 million annually.
The company controls 3.71% of Ethereum’s total supply.
MAVAN could lift annual staking rewards toward $253 million.
The move came despite rising geopolitical tensions and heightened volatility across global markets, signaling continued conviction from Chairman Tom Lee that current price levels represent opportunity rather than risk.
With Ethereum trading near $1,976, Bitmine’s total ETH treasury is valued at roughly $8.8 billion, of which 3,040,483 ETH – around 68% – is actively staked. That staked portion alone is worth about $6.0 billion and generates an estimated $172 million in annualized staking revenue at a 7-day yield of 2.86%.
Strategic Accumulation During Weakness
The latest purchase reinforces Lee’s thesis that what he describes as a “mini crypto winter” is a period for accumulation. Instead of reducing exposure amid uncertainty, Bitmine expanded it – increasing its ownership to approximately 3.71% of Ethereum’s total 120.7 million supply.
This steady buildup moves the company closer to its “alchemy of 5%” target – an ambition to control five percent of the entire ETH supply. That level of ownership would make Bitmine one of the most influential corporate participants in the Ethereum ecosystem.
From Treasury to Yield Engine
The strategy goes beyond simply holding tokens. A large majority of Bitmine’s Ethereum is staked, turning the balance sheet into a yield-producing engine rather than a dormant reserve.
The company is also preparing to launch the Made in America Validator Network (MAVAN) in early 2026. Once fully deployed, Lee estimates annual staking rewards could rise toward $253 million, further strengthening recurring revenue streams.
Market Position Strengthens
With its growing Ethereum pile, Bitmine is now the largest corporate ETH treasury globally and the second-largest overall crypto treasury, behind MicroStrategy.
As of March 1, 2026, Bitmine’s total treasury – including crypto, cash, and strategic investments – stands at $9.9 billion. The stock has also become one of the most actively traded in the U.S., averaging $0.8 billion in daily dollar volume by late February, reflecting strong market interest in its Ethereum-focused strategy.
The latest 50,928 ETH purchase underscores a clear message: Bitmine is not waiting for perfect macro conditions. It is scaling its Ethereum position aggressively – and positioning itself as a dominant, yield-driven force within the network.
