Bitmine's Ethereum Holdings Exceed 4 Million, Approaching 5% Supply Goal

Bitmine Immersion Technologies, the world’s largest corporate owner of Ethereum, has surpassed 4 million ETH in holdings. This article discusses the company's significant acquisition strategy and its plans to accumulate 5% of Ethereum's total supply, along with the financial implications and key initiatives that may influence its future growth.

Key Takeaways

Bitmine Immersion Technologies now holds over 4 million ETH.
The company added 98,852 ETH in the past week and aims for 5% of total Ethereum supply.
Bitmine's recent acquisition was valued at over $40 million.
The company's stock has risen 606% since shifting to an Ethereum-centric strategy.
A new initiative, the Made in America Validator Network (MAVAN), is expected to launch in early 2026 to provide staking income.

Bitmine’s Ethereum holdings surpass 4M as it inches closer to 5% supply target.

Bitmine's Growing ETH Holdings

Bitmine Immersion Technologies, recognized as the largest corporate holder of Ethereum, has reached a significant milestone by acquiring over 4 million ETH. This expansion comes from a steady purchasing strategy that includes a recent addition of 98,852 ETH in just one week.

According to Bitmine's Chairman, Thomas “Tom” Lee, their latest purchase took place on December 22, where the company acquired 13,412 ETH with a total value of $40.61 million at that time. This brings Bitmine's entire Ethereum portfolio to 4,066,062 ETH, with an average acquisition price of $2,991 per token.

Aiming for 5% of Ethereum Supply

Bitmine's long-term goal is to secure 5% of the total Ether supply. Currently, they are about two-thirds of the way to this target, controlling approximately 3.37% of the circulating ETH. Lee emphasized the progress they are making toward this ambitious aim, referring to it as the "alchemy of 5%," and highlighted the positive synergies from their substantial holdings.

Since beginning its Ethereum acquisition strategy in June, Bitmine has quickly established itself as the leader in Ethereum treasury management within just six months—a significant achievement noted by Lee.

Financial Standing and Recent Developments

In addition to its Ethereum assets, Bitmine maintains a robust financial position with $1 billion in cash reserves. The company also holds 193 Bitcoin and has a stake valued at $32 million in Eightco Holdings.

As of now, Bitmine's shares have risen around 606% since the transition to an Ethereum-first strategy. Nevertheless, recent months have seen some struggles in stock performance, attributed to the fluctuations in Ethereum’s price, which temporarily surpassed $3,000 before dropping to levels below Bitmine's average purchase cost.

Future Growth Potential

Analysts at crypto.news suggest that Bitmine's valuation is likely to increase in the upcoming months, supported by both technical and fundamental factors. A critical element that may drive further growth is the impending launch of the Made in America Validator Network (MAVAN), expected in the first quarter of 2026. This initiative aims to help Bitmine earn staking income from its Ethereum holdings, enhancing its long-term value proposition for investors.

Finally, Bitmine's recent acquisition takes place ahead of the company's annual stockholders meeting scheduled for January 15 at Wynn Las Vegas.