BitMine now holds 3.97M ETH, adding over 102K ETH in one week and claiming more than 3.2% of Ethereum’s supply.
The firm ranks as the largest ETH treasury globally, with total assets of $13.3B including cash, BTC and equity stakes.
Backed by ARK, Pantera and others, BitMine plans a U.S.-based validator network ahead of its Jan 2026 meeting.
BitMine Immersion Technologies reported an increase in Ethereum holdings. The disclosure covered operations tied to U.S.-listed BMNR stock and global crypto markets. The company said it accumulated assets through direct purchases and capital raises to expand long-term crypto reserves, while preparing for its January 15, 2026 meeting in Las Vegas.
Ethereum Accumulation and Asset Breakdown
BitMine said it now holds 3,967,210 ETH, valued at $3,074 per token using Coinbase pricing data. This amount represents more than 3.2% of Ethereum’s total circulating supply. However, the company stated it added 102,259 ETH during the past week alone.
According to the disclosure, total crypto, cash, and investments reached about $13.3 billion. This figure includes $1.0 billion in cash, 193 Bitcoin, and a $38 million stake in Eightco Holdings, listed on Nasdaq as ORBS. Furthermore, BitMine described these non-core positions as “moonshots.”
Thomas “Tom” Lee, chairman of BitMine and managing partner at Fundstrat, confirmed the figures in the company statement. He attributed recent accumulation to steadier crypto prices following the October 10 market shock.
Market Activity and Treasury Standing
Meanwhile, BitMine said it ranks as the largest Ethereum treasury globally. It also placed second among public crypto treasuries, behind Strategy Inc., which holds 660,624 Bitcoin. However, BitMine emphasized its lead among ETH-focused holders.
According to data cited from Fundstrat and Statista, BMNR ranked as the 41st most traded U.S. stock. Average daily dollar volume reached $1.9 billion over five days ending December 11, 2025. This placed it between Boeing and Sandisk among 5,704 listed companies.
Institutional Backing and Upcoming Milestones
In addition, BitMine listed institutional backers supporting its ETH accumulation plan. These include Cathie Wood of ARK, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, MOZAYYX and Thomas Lee personally.
The company also confirmed progress on its Made in America Validator Network, or MAVAN. The staking infrastructure is scheduled for deployment in early 2026. Finally, BitMine said its annual shareholders meeting will take place at the Wynn Las Vegas on January 15, 2026.
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