BitMine Immersion Technologies Inc. has significantly expanded its Ethereum (ETH) treasury, acquiring 32,977 ETHduring the last week of 2025. The latest purchase increases the company’s total holdings to about 4.14 million ETH, valued at roughly $13 billion, and represents around 3.4% of the total circulating Ethereum supply.
Strategic Accumulation Amid Market Slowdown
The company’s announcement highlighted that the ETH acquisition was completed despite subdued overall market activity toward the end of 2025, signaling sustained confidence in Ethereum’s long-term prospects. Based on current prices, the recent addition is valued at approximately $104 million.
Thomas “Tom” Lee, Chairman of BitMine and founder of Fundstrat Global Advisors, noted in a statement that the company continues to be one of the largest “fresh money” buyers of Ethereum globally. BitMine has reiterated its long-term goal of reaching 5% ownership of the total circulating ETH supply — a target that would place its holdings at roughly 6 million tokens.
Holding Structure and Broader Asset Base
As of January 4, 2026, BitMine’s broader balance sheet includes not only its Ethereum stash but also:
- 192 Bitcoin (BTC)
- $915 million in cash reserves
- A $25 million stake in Eightco Holdings (NASDAQ: ORBS)
- Total crypto + cash assets valued at approximately $14.2 billion.
The company also holds over 659,000 ETH staked, generating yield through the Ethereum network’s Proof-of-Stake mechanism, with staking yield contributing to its broader revenue strategy.
Market and Industry Reactions
BitMine’s accumulation has drawn attention across the crypto industry, highlighting the growing role of institutional players in the Ethereum ecosystem. Analysts say that large-scale holdings by corporate treasuries may influence market liquidity and sentiment, especially as BitMine’s position now ranks among the largest single crypto treasuries globally. DailyCoin
The company’s stock (traded under ticker BMNR on the NYSE American exchange) has shown resilience, with recent buying activity helping it maintain key technical support levels.
Path Forward and Future Plans
Beyond accumulation, BitMine is advancing its own validator infrastructure project called MAVAN (Made in America Validator Network), expected to launch commercially in 2026. The initiative is designed to enhance Ethereum staking services under a wholly U.S.-based validator network.
With this strategic positioning, BitMine’s leadership remains focused on long-term growth and value creation tied to Ethereum’s ecosystem expansion. Stakeholders will further weigh these developments at the company’s upcoming annual stockholder meeting scheduled for January 15, 2026.
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