Bitmine's Ether Holdings Top 4.1M as Total Assets Reach $13.2B
Bitmine Immersion Technologies has increased its ether treasury to over 4.1 million ETH. This makes it the largest publicly owned ether holder, giving the company control of more than 3 percent of Ethereum’s total circulating supply. The firm stated that its combination of crypto, cash, and higher-risk investments has now reached $13.2 billion. This growth is mainly due to its aggressive accumulation of ETH.
According to a company statement, Bitmine added more than 44,000 ETH just in the past week. It currently holds 4,110,525 ETH, along with 192 bitcoin, a $23 million equity stake in Eightco Holdings, and roughly $1 billion in cash. The ether position accounts for about 3.4 percent of Ethereum's circulating supply, bringing the firm closer to its goal of holding 5 percent in the long term.
Chairman Thomas Lee mentioned that Bitmine remains the largest new capital buyer of ETH worldwide. He noted that year-end tax loss selling has created favorable market conditions. The company has already staked over 408,000 ETH, valued at around $1.2 billion, and plans to significantly increase staking activity.
Bitmine is collaborating with three staking providers and aims to launch its Made in America Validator Network in early 2026. Based on current Ethereum staking yields, Lee estimates that fully staking the company's ether holdings could produce about $374 million in annual revenue.
Ether prices stayed relatively stable around $2,950 at the time of the announcement, showing little short-term market reaction despite the scale of Bitmine's accumulation.
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