Tom Lee’s BitMine Adds 35,268 ETH as Treasury Climbs Past 4.2M Tokens

BitMine Immersion Technologies again boosted its Ethereum reserves this week. The firm announced new purchases, pushing the total ether balance beyond 4.2 million tokens. The update emphasized the consistent accrual of ether and the increasing number of staking activities that are expected to occur before the scheduled launch of its validator network in 2026.

BitMine said it now holds 4,203,036 ETH. The figure increased following the addition of 35,268 ETH to the company in the last week. The value at the current market prices stands close to $12.8 billion.

The company estimated that its ether holdings represent nearly 3.5% of the circulating supply of Ethereum. The network supply is approximately 120.7 million ETH. BitMine is the largest known treasury in Ethereum.

BitMine Expands Treasury and Staked ETH

The company also revealed other assets. It owns 193 Bitcoins valued at $17.5 million. Its holding value in Eightco amounts to $22 million, and it has a cash holding of $979 million. This brings its combined cash and crypto funds to approximately $14.5 billion.

BitMine has also announced a significant increase in staked ether. Its balance with stakes soared to 1,838,003 ETH. This total shows a growth of 581,920 ETH in the last seven days.

The company reported that its expansion involved a number of staking providers. It is a component of the Made-in-America Validator Network preparations, known as MAVAN. It should be launched at the beginning of 2026.

Also Read: Ethereum Bullish Structure Holds, Eyes $3,500 Breakout 

Chairman Tom Lee noted that the company has engaged more ether than any other. BitMine estimates that its staked properties will produce over $370 million in yearly rewards after all assets are completely operational.

BitMine Maintains Leadership as Votes Confirm Support

The firm emphasized its position among the publicly held crypto treasuries. It is the leader in Ethereum-oriented entities and, as such, follows only the Bitcoin-focused strategy in the larger sector. The update made BitMine one of the leading entities in the Ethereum ecosystem.

BitMine also released the outcomes of its annual meeting on Jan. 15. The shareholders approved all four proposals. One of the solutions was to increase authorized shares, and it won 81% of the votes. According to Lee, the result showed sustained investor support of accumulation plans by the firm and share issue methods.

This announcement came at a very turbulent market period. At the opening of the day, shares of BMNR dropped over 7.52%. The stock traded at levels lower than $29 as the wider risk environment strained equities.

There was also selling pressure in Ethereum. The token slipped to about $3,003. BitMine has announced that the value of its ether holdings is 4.203 million tokens. The figure brings back the size of its reserves in the global market.

Also Read: Revolut Targets Latin America Growth with Peru Banking License for Remittances