Bitmine's Amasses Over 4.1 Million ETH as Total Holdings Surge Past $13 Billion

Bitmine’s Amasses Over 4.1 Million ETH as Total Holdings Surge Past $13 Billion

The cryptocurrency mining and treasury company led by Tom Lee has revealed that its Ethereum reserves now account for more than 3% of the network’s entire circulating supply, while ramping up its staking operations.

Bitmine Immersion Technologies (BMNR) has disclosed that its portfolio—spanning digital assets, liquid capital, and speculative venture positions—has climbed to $13.2 billion. The bulk of this valuation stems from an Ethereum ETH$2,932.19 stockpile exceeding 4.1 million tokens.

In a statement issued Monday, the firm announced it now operates the largest publicly traded Ethereum treasury worldwide and ranks as the second-largest corporate holder of cryptocurrency assets globally, trailing only Bitcoin-focused Strategy (MSTR).

According to data current as of December 28, Bitmine’s reserves include 4,110,525 ETH, 192 BTC, a $23 million investment in Eightco Holdings, and $1 billion in readily available funds.

With approximately 120.7 million ETH in circulation, the company’s position represents roughly 3.41% of Ethereum’s total supply—bringing it two-thirds of the way toward achieving what leadership describes as the “alchemy of 5%” milestone.

Thomas Lee, serving as Bitmine’s chairman, emphasized the company’s aggressive accumulation strategy: “We remain the most significant ‘new capital’ purchaser of ETH globally.”

Lee also acknowledged current market dynamics, noting: “Year-end tax-loss harvesting typically depresses cryptocurrency and related equity valuations, with the strongest downward pressure occurring between December 26 and 30. We’re positioning ourselves strategically with this pattern in mind.”

The firm has already committed 408,627 ETH to staking—valued at approximately $1.2 billion—and is collaborating with three staking service providers while developing its proprietary Made in America Validator Network (MAVAN), scheduled to launch in early 2026.

Based on Ethereum’s current composite staking yield of 2.81%, Lee projects that deploying the company’s complete ETH holdings in staking operations could produce around $374 million in recurring annual income.

Ahead of its January 15, 2026 annual shareholder meeting at the Wynn Las Vegas, Bitmine issued a special communication from the chairman, encouraging stakeholders to support four strategic proposals aligned with the company’s long-term vision.

At press time, Ethereum was trading near $2,950, showing minimal movement over the previous 24-hour period.