BitMine Boosts Assets to $9.6B with 4.37M ETH Holdings, Planning MAVAN Launch
BitMine reported holding 4,371,497 ETH valued at $8.73 billion, representing 3.62% of Ethereum supply, and invested $200 million in Beast Industries, raising total assets to $9.6 billion. Annualized staking revenue reached $176 million, with 69% of ETH holdings staked ahead of the Q1 2026 MAVAN launch.
1. Major Ethereum Holdings Update
BitMine holds 4,371,497 ETH valued at $1,998 per ETH, totaling $8.73 billion and representing 3.62% of the overall Ethereum supply.
2. Investment in Beast Industries
A $200 million injection into Beast Industries boosts the company’s total assets to $9.6 billion, including cash and other cryptocurrency holdings.
3. Staking Revenue and MAVAN Launch
Annualized staking revenue stands at $176 million after staking 3 million ETH (69% of holdings), as BitMine prepares to launch its MAVAN staking solution in Q1 2026.
4. Stock Technical Performance
Shares fell 4.44%, trading 4.68% below the 20-day SMA and 9.8% below the 100-day SMA, despite a 207.68% gain over the past year and heavy ETF exposure.