Key Insights:
- Bitmine now owns 3.43% of all ETH and added nearly 33,000 tokens in one week.
- Over $2.1 billion worth of ETH is already staked as Bitmine expands its validator network.
- Backed by top investors, Bitmine leads Ethereum treasuries and trades $980M in daily volume.
Bitmine Immersion Technologies (NYSE American: BMNR) now holds 4.144 million Ethereum (ETH), equal to 3.4% of the total supply. The update was included in a release issued ahead of the company’s upcoming annual stockholder meeting on January 15, 2026.
The company added 32,977 ETH in the last week of 2025. Chairman Thomas “Tom” Lee said, “We remain the largest ‘fresh money’ buyer of ETH in the world.”
The company’s ETH accumulation continued despite slower market conditions at the end of the year.
Total Holdings Reach $14.2 Billion
Bitmine reported combined crypto and cash holdings of $14.2 billion. This includes 192 BTC, $915 million in cash, and $25 million in equity holdings such as its investment in Eightco Holdings. The company is also staking 659,219 ETH, worth around $2.1 billion at current prices.
Bitmine is developing a staking system called MAVAN (Made in America Validator Network), which is expected to go live in early 2026. The company estimates that, at full scale, staking rewards could reach $374 million per year based on the current network rate of 2.8%.
Strategy Focuses on ETH Accumulation
Bitmine’s plan centers on growing its ETH holdings and earning yield through staking. The company aims to reach ownership of 5% of all ETH. “Bitmine’s focus remains creating stockholder value,” Lee said in a statement, referring to share-backed ETH growth and capital allocation.
To support expansion, Bitmine is asking shareholders to approve an increase in authorized shares. The proposal will be voted on at the company’s annual meeting in Las Vegas. The agenda also includes board elections and a new compensation plan.
Backed by Institutional Investors
The company lists ARK Invest, Founders Fund, Pantera, Galaxy Digital, and others as institutional backers. Bitmine is now the largest Ethereum holder among corporate treasuries and ranks second in total crypto holdings behind Strategy Inc. (MSTR).
BMNR stock is now among the most actively traded in the U.S., averaging $980 million in daily volume over the past week. It ranks 44th by volume among all U.S.-listed stocks.
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Source: https://coincu.com/analysis/bitmine-buys-33k-eth-in-a-week/
