Tom Lee’s Bitmine Immersion Expands Ethereum Holdings to 32,977 ETH, Boosting Total Assets to $14.2 Billion

Summary:
Bitmine Immersion Technologies, led by Tom Lee, has successfully added 32,977 ETH to its treasury, despite a slowdown in the market at the end of 2025. The company's holdings now total $14.2 billion, comprising extensive amounts of Ethereum and a strategic emphasis on staking.

Key Takeaways

Ethereum Acquisition: Bitmine has purchased 32,977 ETH, increasing its total to 4.14 million ETH.
Total Holdings: The company's overall assets now amount to $14.2 billion.
Staking Operations: Bitmine has staked 659,219 ETH, with a projected annual income of $374 million from staking.
New Validator Network: An upcoming staking solution named MAVAN is expected to launch in early 2026.
Market Position: Bitmine ranks as the largest Ethereum treasury worldwide and is highly traded in US markets.

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Significant Expansion in Ethereum Holdings

Bitmine Immersion Technologies, chaired by Tom Lee of Fundstrat, has ramped up its Ethereum acquisitions, obtaining 32,977 ETH in just a week. This acquisition is notable given the slowing market conditions toward the end of 2025.

With this latest addition, Bitmine’s total crypto, cash, and strategic investments amount to a remarkable $14.2 billion. As of January 4, the company holds a total of 4.14 million ETH, which is about 3.43% of all Ethereum in circulation. In addition, Bitmine has 192 BTC and $915 million in cash on hand.

Bitmine positions itself as the largest “fresh money” buyer of ETH, progressing towards its ambitious goal called the “Alchemy of 5%,” which aims to own five percent of the entire Ethereum supply.

Enhancing Staking Capabilities with MAVAN

In tandem with increasing its Ethereum holdings, Bitmine has also made significant advancements in its ETH staking operations. The total amount of staked ETH has reached 659,219 ETH, valued at approximately $2.1 billion, following an increase of over 250,000 ETH in a single week.

Given the current average Ethereum staking rate of around 2.8%, the company anticipates an annual staking revenue of about $374 million once its ETH is fully deployed.

Central to these plans is Bitmine’s forthcoming Made in America Validator Network (MAVAN), which is a commercial staking solution expected to launch in the first quarter of 2026. Bitmine is collaborating with three staking providers to finalize MAVAN, which Lee describes as a secure and top-tier staking infrastructure that aims to optimize yields and maximize long-term returns.

Supporting Macro Trends and Ethereum Strategy

Tom Lee has pointed out several macroeconomic factors that bolster Bitmine’s Ethereum-centric strategy. These include increased U.S. government support for cryptocurrencies, heightened interest in stablecoins and tokenization on Wall Street, and growing demands for authentication and proof-of-origin solutions, particularly in an AI-driven economy.

He also drew comparisons between the current crypto landscape and the financial shifts seen after the Bretton Woods system ended in the early 1970s. According to Lee, upcoming regulatory measures, such as the GENIUS Act and the SEC’s Project Crypto, could similarly revolutionize the field of digital assets.

Market Standing and Shareholder Agenda

Bitmine now holds the title of the largest Ethereum treasury globally and is the second-largest crypto treasury overall, following only Strategy’s bitcoin assets.

Moreover, Bitmine has become one of the most actively traded stocks in the U.S., with an average daily trading volume nearing $1 billion, placing it among the top 50 stocks traded nationwide.

The company's annual stockholder meeting is scheduled for January 15, 2026, in Las Vegas. Shareholders will be invited to vote on various proposals, including an increase in authorized shares. Management asserts that this flexibility could enhance future capital market activities, facilitate selective acquisitions, and promote further accumulation of ETH, all directed at boosting the crypto net asset value per share over the long run.