Bitmine Holds Over $6 Billion in ETH Staked Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy COIN?
Source: PRnewswire
- Significant ETH Holdings: As of February 16, 2026, Bitmine has staked 3,040,483 ETH, valued at $6.1 billion based on a price of $1,998 per ETH, demonstrating the company's strong influence and confidence in the Ethereum market.
- Investment and Growth Strategy: Bitmine recently invested $200 million in Beast Industries, further solidifying its position in the cryptocurrency sector, while its total assets reach $9.6 billion, indicating an active approach to diversified investments.
- Strong Market Performance: Bitmine's stock trades with an average daily volume of $900 million in the U.S., ranking 158th, which highlights its liquidity and investor interest, thereby enhancing its competitive edge in the market.
- Optimistic Future Outlook: The company plans to launch the MAVAN staking solution in Q1 2026, expected to generate $252 million annually from its ETH assets, reflecting Bitmine's firm belief in the future growth potential of Ethereum.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 164.320
Low
230.00
Averages
361.63
High
440.00
Current: 164.320
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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