Tom Lee's Bitmine Immersion Expands Ethereum Holdings to 4.07M ETH

Bitmine Immersion Technologies has significantly increased its Ethereum holdings, now owning 4.07 million ETH, equivalent to 3.37% of the total supply. The company aims to reach 5% of all ETH, reflecting its ambitious strategy and influence in the cryptocurrency market.

Key Takeaways

Bitmine Immersion owns 4.07 million ETH, or 3.37% of the total Ethereum supply.
The company aims for 5% of all ETH in a target referred to as the “Alchemy of 5%.”
Bitmine has increased its ETH holdings by nearly 99,000 in just one week.
The total value of Bitmine's cryptocurrency, cash, and other assets reaches approximately $13.2 billion.
Upcoming shareholder meeting is set for January 15, 2026, in Las Vegas.

ethereum price prediction

Major Stake in Ethereum

Bitmine Immersion Technologies has revealed that its current holdings are now at 4,066,062 ETH, valued at around $2,991 per token. This significant acquisition positions Bitmine as the holder of the largest ETH treasury globally, with a goal to secure 5% of all Ethereum—a target it calls the “Alchemy of 5%.”

This information was shared on Monday as part of a broader update on Bitmine’s expanding presence in the cryptocurrency market. In addition to its ETH holdings, Bitmine has also amassed 193 Bitcoin and maintains around $1 billion in cash. The total value of its crypto, cash, and strategic investments, including a $32 million stake in Eightco Holdings and other high-potential assets, adds up to a remarkable $13.2 billion.

Increased Acquisition Speed and Institutional Support

Bitmine’s strategy to accumulate Ethereum has been aggressive in recent months. The company added approximately 98,852 ETH in just the past week, crossing the 4 million ETH milestone a short 5.5 months after starting this initiative. Fundstrat Chairman Tom Lee commented that this rapid growth illustrates Bitmine's pivotal role in merging traditional finance with blockchain technology, especially as the concepts of tokenization and decentralized finance gain popularity among institutions.

Currently, Bitmine leads its peers in terms of the growth of crypto net asset value (NAV) per share and the liquidity of its stock. The company's BMNR stock has become the 66th most traded stock in the U.S., showing an impressive daily trading volume of $1.7 billion in the last five days, placing it between industry giants like Wells Fargo and Chevron.

Bitmine's growth is further supported by a strong base of institutional investors, including notable figures and firms such as Cathie Wood of ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, the Digital Currency Group (DCG), Kraken, Bill Miller III, and personal investor Tom Lee.

Future Developments and Shareholder Engagement

Ranked as the top Ethereum treasury holder worldwide and the second-largest crypto treasury overall, just behind Strategy Inc. with more than 671,000 Bitcoin, Bitmine is not only expanding its asset base. The company is also developing its “Made in America Validator Network” (MAVAN) to provide secure staking infrastructure, with plans to launch in early 2026.

Additionally, the company has scheduled its annual stockholders' meeting for January 15, 2026, at the Wynn in Las Vegas. Shareholders are encouraged to attend as Bitmine shares its next steps for its Ethereum-centric strategy during a pivotal regulatory phase for U.S. financial markets.