Bitmine Immersion Surpasses 4 Million ETH as Treasury Holdings Reach $13.2 Billion

TLDR:

• Bitmine Immersion now holds 4.066 million ETH, equal to about 3.37% of Ethereum’s total supply.
• Total crypto, cash, and strategic investments reached $13.2 billion, supported by $1 billion in cash.
• BMNR ranks among the most traded U.S. stocks, averaging $1.7 billion in daily trading volume.
• The company targets a 5% ETH supply share while preparing its validator staking network for 2026.

Bitmine Immersion Technologies has announced a major expansion of its Ethereum treasury, reporting total crypto, cash, and related holdings of $13.2 billion. 

The disclosure confirms the company now controls more than four million ETH tokens. Management presented the update as part of a long-term accumulation strategy, while outlining progress toward operational and governance milestones.

Ethereum Holdings Cross Four Million Tokens

Bitmine Immersion reported holding 4,066,062 ETH, valued at $2,991 per token at the reporting time. This position equals approximately 3.37 percent of Ethereum’s circulating supply of 120.7 million tokens. 

The company added 98,852 ETH in the prior week, maintaining a consistent pace of accumulation.

Commenting on the milestone, Chairman Thomas “Tom” Lee stated, “Bitmine continues to add steadily to its ETH holdings, and holdings now exceed the crucial four million ETH tokens.” 

He described the achievement as a rapid build achieved within 5.5 months, pointing to internal execution discipline.

Lee added that the company is advancing toward its stated target, saying it is making “rapid progress towards the ‘alchemy of 5%.’” 

He also referenced active engagement with decentralized finance developers and tokenization initiatives tied to Ethereum’s broader ecosystem.

Liquidity Strength and Institutional Support

Beyond Ethereum, Bitmine Immersion holds 193 Bitcoin, $1.0 billion in cash, and a $32 million stake in Eightco Holdings. 

These assets collectively support the reported $13.2 billion balance across crypto, cash, and strategic positions categorized as moonshots.

The company also emphasized stock liquidity. Fundstrat data shows BMNR trading an average of $1.7 billion daily over five days, ranking 66th among U.S.-listed equities. 

Lee noted in public comments that such liquidity supports faster growth in crypto net asset value per share.

Looking ahead, Lee said, “We continue to make progress on our staking solution known as the Made in America Validator Network.” He described MAVAN as a secure staking infrastructure scheduled for early 2026 deployment. 

Bitmine Immersion confirmed its annual stockholders meeting will be held January 15, 2026, at Wynn Las Vegas, with institutional backing remaining in place from firms including ARK Invest, Pantera, Galaxy Digital, and others.

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