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BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook

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BitMine Immersion Technologies, a publicly traded digital asset treasury agency linked to investor Tom Lee, has reported whole crypto, money, and “moonshots” holdings of $10.7 billion, anchored by one of many largest Ethereum treasury positions available in the market.

In a February 2 announcement, the corporate mentioned it now holds 4,285,125 ETH, valued at roughly $2,317 per token, alongside 193 BTC, $586 million in money, and strategic fairness stakes together with a $200 million funding in Beast Industries.

BitMine’s ETH holdings signify roughly 3.55% of Ethereum’s total supply, placing the agency greater than 70% of the best way towards its said aim of buying 5% of ETH — what it calls the “Alchemy of 5%” — in simply six months.

Staked ETH Position Nears $6.7B With MAVAN Launch Ahead

BitMine additionally continues to develop its staking footprint. As of February 1, the corporate reported whole staked ETH of two,897,459, value about $6.7 billion, a rise of practically 888,000 ETH over the previous week.

Executive Chairman Tom Lee mentioned BitMine has now staked extra ETH than every other entity globally. At full scale, the corporate estimates staking rewards may attain $374 million yearly, or greater than $1 million per day, primarily based on a composite Ethereum staking fee of two.81% CESR.

The agency is making ready to launch its staking infrastructure initiative — the Made in America Validator Network (MAVAN) — in early 2026, with a number of staking suppliers at the moment concerned as companions forward of deployment.

Tom Lee: ETH Price Weakness Not Reflecting Fundamentals

Lee argued that Ethereum’s current value decline from round $3,000 to $2,300 has occurred regardless of sturdy community fundamentals.

He pointed to Ethereum every day transactions hitting an all-time high of two.5 million, whereas energetic addresses climbed to roughly 1 million per day in 2026.

“Non-fundamental elements are arguably extra the elements explaining the weak point in ETH costs,” Lee mentioned, citing subdued leverage circumstances and rising valuable metals costs pulling danger urge for food away from crypto.

BitMine acquired 41,788 ETH over the previous week, viewing the pullback as a horny entry level.

Liquidity and Institutional Backing Support Treasury Strategy

BitMine mentioned it leads crypto treasury friends in each the rate of elevating crypto NAV per share and the liquidity of its public inventory. BMNR ranks because the a hundred and fifth most traded inventory within the U.S., averaging $1.1 billion in every day buying and selling volumeover the previous 5 days.

The firm stays backed by main institutional buyers, together with ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and private investor Thomas “Tom” Lee.

BitMine’s rising ETH treasury positions it because the world’s largest company Ethereum holder, because it accelerates towards its long-term 5% provide goal.

The put up BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook appeared first on Cryptonews.

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