Bitmine Grows Its Ether Holdings to 4.17M as Total Crypto and Cash Reaches $14 Billion

Bitmine Immersion Technologies has solidified its status as the largest corporate holder of Ether by recently adding over 24,000 ETH to its inventory within just one week.

Key Takeaways

Bitmine now possesses approximately 4.17 million ETH, representing about 3.4% of Ether's circulating supply.
The company's total crypto and cash holdings amount to around $14 billion, with staking becoming increasingly significant.
A shareholder vote is approaching that could influence Bitmine's capacity to continue growing its ETH holdings.

In a recent statement, Bitmine announced it acquired 24,266 Ether in the past week, raising its cumulative ETH holdings to about 4.17 million tokens. This amount equates to approximately 3.4% of the total circulating supply of Ether, highlighting Bitmine's significant influence in the market.

Bitmine Grows Its Ether Holdings to 4.17M as Total Crypto and Cash Reaches $14 Billion

Bitmine Reports $14 Billion in Combined Crypto and Cash Assets

As it enhances its crypto portfolio, Bitmine disclosed that its total assets in crypto and cash stand at approximately $14 billion, including nearly $1 billion in cash reserves. While Ether forms the foundation of the company's investment strategy, Bitmine has also added 193 Bitcoin and holds a $23 million equity stake in Eightco Holdings.

This growth reflects Bitmine's ambition to engage actively in the Ethereum ecosystem, moving beyond merely being passive holders of digital assets. Staking has emerged as a crucial element of this strategy; the company revealed that it currently has around 1.26 million ETH staked, which is nearly an increase of 600,000 ETH from the previous week.

Staking enables token holders to lock their assets to help maintain the Ethereum network while earning yields. Bitmine is in the process of developing its own staking platform, which it plans to launch in early 2026.

Additionally, this latest update has reignited discussions led by chairman Tom Lee regarding the need for shareholder approval to increase authorized shares. According to Lee, a majority vote of outstanding shares is essential for further actions, and not securing approval could hinder Bitmine's ability to acquire more Ether in significant quantities. This proposal will be a central topic at the company's annual meeting, which is set to take place this Thursday in Las Vegas.

Investor reaction to the news has been positive, with Bitmine shares rising approximately 3% in early trading. Ether, however, is trading around $3,100, experiencing a roughly 3% decline over the past week amid a general downturn in the market.

The Crypto Treasury Movement Shows Concentrated Holdings

Bitmine's swift accumulation of Ether signifies a broader trend among digital asset treasury companies that gained traction in 2025. While numerous firms have adopted strategies centered around cryptocurrency-focused balance sheets, the concentration of these holdings remains notable.

According to data from CoinGecko, Bitmine holds more Ether than its nearest competitors combined, with Sharplink and The Ether Machine significantly behind. On the Bitcoin front, Strategy remains dominant among corporate BTC holdings, further emphasizing a market scenario where a small number of companies wield considerable power. Both Strategy and Bitmine have shown no signs of slowing down in their acquisition strategies.

Bitmine has previously stated its goal to own 5% of Ether's total supply, which translates to approximately 6 million ETH.