Bitmine Immersion Technologies Surpasses 4.1 Million ETH Holdings

Bitmine Immersion Technologies' Expanding Crypto Portfolio

Bitmine Immersion Technologies (BMNR) announced that its total crypto, cash, and high-risk investments have reached a valuation of $13.2 billion, fueled by its significant ether position, which now exceeds 4.1 million tokens.

In a recent press release, the company confirmed its status as the world's largest publicly owned ether treasury and the second largest corporate crypto treasury globally, following bitcoin-only firm Strategy (MSTR).

Current Holdings and Strategic Goals

As of December 28, Bitmine's assets include 4,110,525 ETH, 192 bitcoins, a $23 million investment in Eightco Holdings, and $1 billion in cash reserves. The ether holdings represent approximately 3.41% of Ethereum's circulating supply of 120.7 million ETH, moving the company closer to its "alchemy of 5%" target.

Thomas Lee, chairman of Bitmine, stated, "We remain the largest 'fresh money' buyer of ETH globally." He noted the impact of year-end tax-loss selling on crypto prices, which typically peaks between December 26 and December 30.

Bitmine has staked 408,627 ETH, valued at around $1.2 billion, and is collaborating with three staking providers to launch the Made in America Validator Network (MAVAN) in early 2026. With the current Ethereum staking rate at 2.81%, fully staking the company's ether could generate approximately $374 million in annual revenue.

Additionally, a special chairman's message was issued ahead of the annual shareholder meeting on January 15, 2026, at the Wynn Las Vegas, urging support for four proposals related to the company's long-term strategy.

At the time of publication, ether was trading at approximately $2,950.