Bitmine Reveals $10.7 Billion War Chest Amid Crypto Market Drawdown

Bitmine Immersion has released its latest holdings update as of February 9, 2026, offering a detailed snapshot of how the firm is positioning itself during one of the sharpest crypto market pullbacks in recent years.

Despite broad market weakness, Bitmine’s balance sheet highlights scale, conviction, and a long-term thesis that leans heavily into Ethereum.

The company now reports $10.7 billion in total assets, spanning core crypto holdings, cash reserves, and what it labels “moonshots.” At the center of the portfolio sits Ethereum, where Bitmine holds 4,325,738 ETH, valued at approximately $2,125 per coin, based on Coinbase pricing. The firm also holds 193 Bitcoin, reinforcing its exposure to the two largest digital assets by market capitalization.

Beyond crypto, Bitmine continues to diversify. The firm disclosed a $200 million strategic stake in Beast Industries, the media empire founded by YouTube creator MrBeast, alongside a $19 million investment in Eightco Holdings (NASDAQ: ORBS), which it categorizes under moonshot investments. Total cash on hand stands at $595 million, giving the company ample liquidity amid volatile conditions. The full breakdown of Bitmine’s holdings was shared publicly and can be viewed directly via this update posted on X.