Bitmine Unveils Massive Ethereum Holdings Worth Over $4 Billion

Bitmine's Impressive Ethereum Holdings

On January 12, 2026, Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) disclosed that its Ethereum (ETH) holdings have surged to an astounding 4.168 million tokens, which contributes to a grand total of $14 billion in cryptocurrency and cash assets. This significant milestone reflects Bitmine's aggressive accumulation strategy and reaffirms its position as a leader in the cryptocurrency sector.

Record-Breaking Holdings

The impressive figures shared reveal that as of January 11, 2026, Bitmine's cryptocurrency portfolio consists of 4,167,768 ETH acquired at $3,119 per token (according to Coinbase), along with additional holdings of 193 Bitcoin (BTC), a $23 million stake in Eightco Holdings (NASDAQ: ORBS), and $988 million in cash. Such assets demonstrate Bitmine's control of approximately 3.45% of the entire circulating ETH supply, a remarkable feat in just six months of strategic acquisitions.

Tom Lee, the President of Bitmine, expressed optimism for the future of cryptocurrencies, particularly Ethereum, attributing the expected growth to the continued adoption of stablecoins and advancements in tokenization technology. According to Lee, "2026 presents several positive prospects for cryptos, with Ethereum poised to experience substantial growth."

Pushing for Growth Through Shareholder Engagement

To support its ambitious goals, Bitmine is urging shareholders to vote 'YES' on proposal number two that seeks to increase the number of shares outstanding. The upcoming annual shareholders meeting will take place at the Wynn Las Vegas on January 15, 2026, highlighting key points for discussions, including the expansion of authorized shares and the Omnibus Incentive Plan for 2025.

The Calling for Increased Shares

Lee explained that the current statutes require an overwhelming 50.1% affirmative vote from all outstanding shares to approve any increase, a threshold he emphasized as significantly high. "We need to drive this increase now as our authorization is close to depletion, affecting our ETH accumulation," Lee remarked, emphasizing the importance of cooperative shareholder support.

Investment Strategy and Staking Plans

Notably, Bitmine has initiated staking with 1,256,083 ETH, representing a cash value of nearly $3,900 million. This move capitalizes on the Ethereum Staking composite rate (CESR) of 2.81%, aligning Bitmine for proximity to world-class staking opportunities. The company is jointly working with three staking providers and is on track to launch its proprietary staking solution, MAVAN (Made in America Validator Network), within the first quarter of 2026. Lee asserted, "Once MAVAN is operational, we will be the leading provider of staking in the entire crypto ecosystem."

A Unique Position in the Market

With a market presence that places it among the most traded stocks in the U.S., Bitmine is achieving an astounding average daily trading volume of $1.3 billion as of early January. This positions Bitmine as the 67th most actively traded stock, ahead of industry titans such as Cisco, reflecting significant investor interest and confidence.

As of January 11, 2026, Bitmine holds the title of the world's largest ETH treasury, only overshadowed in total cryptocurrency assets by Strategy Inc. (MSTR), which boasts a $61 billion valuation in BTC. The combination of substantial cash reserves and cryptocurrency assets further cements Bitmine's reputation as a formidable force in the crypto finance landscape.

Conclusion

Overall, Bitmine Immersion Technologies seems well-positioned to lead its peers in the rapidly evolving world of cryptocurrency. The company's focus on Ethereum, alongside its significant cash holdings and planned growth initiatives, reflects a commitment to providing value and a robust investment model for its shareholders. The annual meeting scheduled at the prestigious Wynn Las Vegas promises to be pivotal for Bitmine's path forward, and eyes remain keenly fixed on the unfolding developments.