Bitmine Immersion Achieves Major Milestone with 4.11 Million ETH Holdings
Bitmine Immersion Achieves Major Milestone with 4.11 Million ETH Holdings
In a significant development, Bitmine Immersion Technologies, Inc. (BMNR) has announced that its holdings of Ethereum (ETH) have reached an impressive 4.11 million tokens, marking a pivotal moment for the company's growth and strategy in the cryptocurrency space. As of December 28, 2025, the total value of its cryptocurrency and cash holdings now amounts to $13.2 billion, showcasing Bitmine's robust position in the market.
Bitmine's cryptocurrency portfolio comprises 4,110,525 ETH, valued at approximately $2,948 per ETH based on Coinbase rates, in addition to 192 Bitcoin (BTC) and $1 billion in cash. This equates to about 3.41% of the total circulating supply of ETH, positioning the company near its ambitious target of acquiring 5% of all ETH available.
Thomas 'Tom' Lee, president of Bitmine, stated, "Despite market trends slowing as the year ends, we have added 44,463 ETH recently, confirming our status as the leading buyer of 'fresh money' ETH globally. Current market conditions, particularly around year-end tax loss selling, have influenced the pricing, and we're strategically exploring these dynamics."
Upcoming Initiatives and Annual Shareholders Meeting
Bitmine is also preparing for the launch of its staking solution, MAVAN (Made in America Validator Network), expected in the first quarter of 2026. Currently, the company has 408,627 ETH staked, valued around $1.2 billion based on current prices. This staking move is projected to yield an annual staking revenue of roughly $374 million, should Bitmine fully stake its holdings.
Additionally, Bitmine is on track to host its Annual Shareholders Meeting at Wynn Las Vegas on January 15, 2026. Shareholders are being encouraged to participate actively, either in person or through proxy voting. The agenda will cover significant proposals, including:
1. Electing eight directors for the upcoming year.
2. Approving amendments to increase the number of authorized common shares.
3. Ratifying the 2025 Incentive Plan.
4. Consulting on the executive performance-based compensation package.
The company is focused on generating shareholder value through its strategic acquisitions and operational efficiencies. Lee emphasized, "Our primary goal at Bitmine is to enhance shareholder value by increasing ETH per share and optimizing our performance while expanding strategic investments."
Market Performance and Institutional Support
Bitmine has been recognized as one of the top traded stocks in the USA, rated as the 47th most traded stock, achieving an average daily volume of $980 million. This marks a strategic advantage as the company continues to attract institutional backing from prominent investors, including names like Cathie Wood from ARK, Bill Miller III, and Pantera Capital, further fortifying its drive to amass 5% of ETH holdings.
The upcoming GENIUS Act and SEC's Crypto Project are anticipated to revolutionize financial services in 2025, reminiscent of the historic August 15, 1971 changes that transformed modern financial markets. Bitmine is poised to capitalize on these market evolutions.
In conclusion, with their significant ETH holdings and ongoing developments in staking solutions, Bitmine Immersion is positioning itself as a leader in the cryptocurrency sector, demonstrating a clear commitment to long-term growth and shareholder engagement. Further details regarding the Annual Shareholder Meeting and registration guidelines can be accessed through their investor relations platform.
For more updates, investors and stakeholders are encouraged to follow Bitmine on its official channels.
Topics Financial Services & Investing）
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