BitMine Immersion’s ETH Holdings Soar to 3.97 Million Tokens

BitMine Immersion’s ETH Holdings Soar to 3.97 Million Tokens – Over 3.2% of Total Supply

BitMine Immersion Technologies has reported a significant increase in its Ethereum holdings, now owning more than 3.2% of the total Ethereum supply. The company aims to acquire 5% of all circulating ETH. In addition to its Ethereum assets, BitMine's total financial portfolio includes specified cash reserves and strategic investments, totaling approximately $13.3 billion.

Key Takeaways

BitMine now holds 3,967,210 ETH, representing 3.2% of the total supply.
The company aims to reach 5% of all circulating ETH.
Total combined assets amount to $13.3 billion, including cash and bitcoin.
Major institutional backers support BitMine's strategy and ambitions.
The company plans to launch a staking initiative called MAVAN by early 2026.

Ethereum

BitMine’s Growing Ethereum Holdings

BitMine Immersion Technologies has announced that it now possesses more than 3.2% of the entire supply of Ethereum tokens, bringing the company significantly closer to its goal of acquiring 5% of all ETH in circulation. As of December 14, BitMine reported holding 3,967,210 ETH after acquiring over 102,000 tokens in just one week. Based on market prices, this position alone is valued in the multibillion-dollar range.

Total Assets Overview: Crypto, Cash, and Investments

In a broader financial context, BitMine revealed that its combined assets—including cryptocurrency holdings, cash reserves, and strategic investments—total approximately $13.3 billion. In addition to its Ethereum stake, the company also holds 193 bitcoins, $1 billion in cash, and a $38 million investment in Eightco Holdings, which it views as a high-risk, high-reward opportunity.

The structure of BitMine's balance sheet illustrates a strategic approach to balancing liquidity with long-term investments in digital assets. Company management believes that maintaining sufficient cash reserves enables BitMine to continuously invest in cryptocurrencies, even amid market fluctuations.

Institutional Support and Market Liquidity

BitMine continues to benefit from support by several notable institutional and strategic investors, including Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group, Kraken, as well as individual investor Tom Lee. This backing is considered essential for BitMine’s ambition to hit the 5% ownership threshold of Ethereum, a goal the company internally refers to as the “Alchemy of 5%.”

In the stock market, BitMine’s shares (BMNR) have gained popularity, emerging as one of the most actively traded stocks in the United States. Recent data from Fundstrat shows that BMNR has maintained an impressive average daily trading volume of about $1.9 billion in the last five days, making it the 41st most traded stock in the U.S.

Upcoming Staking Initiative and Shareholder Meeting

Moreover, BitMine is preparing to launch a staking project named the Made in America Validator Network (MAVAN), which is expected to be operational by early 2026. This initiative is designed to be a secure, institutional-grade staking solution aimed at generating yields on its Ethereum holdings.

BitMine will host its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026. This meeting is anticipated to offer further insights into the company's treasury strategies, details about the staking initiative, and updates on progress toward its long-term goal of increased Ethereum ownership.