Bitmine buys an additional 40,613 Ethereum last week… holdings surpass 4.32 million

Bitmine, the world’s largest corporate holder of Ethereum (ETH), has increased its Ethereum holdings again after making additional purchases.

According to PR Newswire on the 9th, Bitmine bought an additional 40,613 Ethereum last week. As a result, the company’s Ethereum holdings expanded to a total of 4,325,738. This is equivalent to about 3.58% of the total Ethereum supply (about 120.7 million).

Bitmine said that as of Feb. 8, its total holdings—combining crypto assets including Ethereum, cash, and strategic investments—were tallied at $10 billion. Specifically, it consists of about 4.32 million Ethereum, 193 Bitcoin (BTC), $595 million in cash, a $200 million stake in Beast Industries, and other investment assets.

Of these, about 2,897,459 Ethereum are being used for staking, accounting for roughly 67% of total holdings. Applying the global average Ethereum staking yield (CESR · about 3.11%), it said that if the entire position is fully staked in the future, annual staking income of about $374 million would be possible.

Bitmine is also building its own staking infrastructure, the 'Made in America Validator Network (MAVAN)'. The company said the solution is slated to launch in the first quarter of 2026 and aims to provide a staking structure with security and scalability suited for large institutional assets.

Tom Lee, chairman of Bitmine, said, "Ethereum has shown V-shaped rebounds after major bottoms. Since 2018, this recovery has appeared in all eight instances when the price fell more than 50%," adding, "A similar rebound is expected in 2026." He continued, "In the crypto market, the best investment opportunities have always emerged after sharp sell-offs," and said, "In 2025 as well, the single best entry point was when the market plunged on tariff issues."

He also said, "While Ethereum’s price has recently undergone a steep correction, network usage indicators are hitting record highs," adding, "The current price does not fully reflect Ethereum’s utility and potential as financial infrastructure." He added, "Bitmine will continue its Ethereum accumulation strategy toward its mid- to long-term goal of securing 5% of total supply."