Bitmine Immersion Technologies has revealed its ethereum holdings have climbed to 4,143,502 tokens, representing 3.43% of the total supply. The company's total crypto and cash assets now stand at $14.2 billion, including staked ethereum and other investments. This update comes ahead of its annual stockholder meeting in Las Vegas.
Bitmine Immersion Technologies, a company focused on bitcoin and ethereum accumulation, disclosed on January 5, 2026, that its cryptocurrency and cash holdings have reached $14.2 billion. As of January 4 at 9:00 p.m. ET, this includes 4,143,502 ETH valued at $3,196 each via Coinbase pricing, 192 bitcoin, a $25 million stake in Eightco Holdings (NASDAQ: ORBS), and $915 million in cash.
The firm now holds 3.43% of the ethereum supply, based on 120.7 million total ETH tokens. It acquired 32,977 ETH in the final week of 2025, maintaining its position as the largest buyer of new ethereum funds globally. Staked ETH stands at 659,219 tokens, worth $2.1 billion, up by 250,592 from the prior week. Bitmine is developing the Made in America Validator Network (MAVAN), a staking solution set for launch in early 2026, which could generate over $1 million daily in fees at scale using a 2.81% composite ethereum staking rate.
Thomas "Tom" Lee, chairman and Fundstrat analyst, highlighted ethereum's 2026 potential, citing U.S. government crypto support, Wall Street's adoption of stablecoins and tokenization, AI-driven needs for authentication, and generational crypto uptake. "We are excited about the prospects for Ethereum in 2026 given the multiple tailwinds," Lee said. He emphasized Bitmine's focus on accretive ETH acquisition, yield optimization, and strategic "moonshot" investments.
Bitmine ranks as the top ethereum treasury and second globally behind Strategy Inc.'s bitcoin holdings. Its stock (NYSE AMERICAN: BMNR) trades with an average daily volume of $980 million over five days as of January 2, placing it 44th among U.S.-listed stocks. Supported by investors including Cathie Wood of ARK, Founders Fund, and Pantera, the company aims for 5% of ETH supply.
Stockholders are urged to vote on key proposals at the annual meeting on January 15, 2026, at the Wynn Las Vegas. The agenda covers director elections, share authorization increase, an incentive plan, and executive compensation. Registration closes January 13, with voting options by mail, phone, or internet.
