Bitmine reveals 4.371M ETH position worth $8.7B and reports $9.6B in total assets on balance sheet

On February 16, 2026, Bitmine reported holding 4,371,497 ETH priced at $1,998 each, valuing its Ethereum treasury at about $8.7 billion and representing 3.62% of the 120.7 million ETH supply. Including 193 Bitcoin, equity stakes in Beast Industries and Eightco Holdings, and $670 million in cash, the company's total assets reached $9.6 billion. Bitmine disclosed that 3,040,483 ETH is staked, generating an annualized $176 million in rewards, with potential to rise to $252 million once MAVAN is fully deployed in early 2026.