Bitmine Now Holds 4.17 Million ETH, 3.45% Ethereum’s Total Supply

Bitmine (NYSE: BMNR), the world’s largest Ethereum ETH $3 092 24h volatility: 1.1% Market cap: $373.57 B Vol. 24h: $22.23 B treasury holder, has increased its holdings that now amount to 3.45% of Ether’s total supply. In particular, holding 4.168 million ETH, of which 1.256 million are staked to secure the Ethereum network and generate staking rewards for the company.

Bitmine’s treasury holdings update came in a press release dated on Jan. 12, in which its chairman, Thomas “Tom” Lee, urged shareholders to vote favorably to increase BMNR authorized shares, requiring 50.1% of outstanding shares to vote YES.

This vote is crucial for Tom Lee’s plans to raise funds and continue increasing Bitmine’s treasury holdings. As of this writing, total holdings sum up to $14 billion, including the 4.17 million reported ETH at $3,119 per token, 193 BTC, a $23 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $988 million.

With this treasury size, Bitmine is the world’s second-largest global treasury, only behind Michael Saylor’s Strategy (NASDAQ:MSTR). Strategy has reportedly acquired 13,627 Bitcoin BTC $91 074 24h volatility: 0.2% Market cap: $1.82 T Vol. 24h: $45.24 B for $1.25 billion at $91,519 per bitcoin, as Coinspeaker noted. BMNR is also the 67th most traded stock in the US, trading $1.3 billion per day at a five-day average.

Lee’s ultimate goal as an Ethereum treasury company is to hold a mark of 5% of Ether’s total supply, staking most of it.

Bitmine’s MAVAN to Launch in 2026, Staking ETH

Notably, Bitmine has nearly doubled the amount of its staked Ether, adding 596,864 in the past week, reaching 1,256,083 ETH. “Bitmine has staked more ETH than other entities in the world,” Tom Lee said as Bitmine now stakes circa 30% of its Ether holdings.

Moreover, the company doubled down on its plans to launch the Made in America Validator Network (MAVAN) in Q1 2026—a dedicated staking infrastructure for Bitmine assets. With this enterprise, the plan is to stake most of its ETH, eyeing a daily staking fee revenue greater than $1 million, using the composite Ethereum staking rate (CESR) of 2.81%, administered by Quatrefoil, as a base indicator.

Meanwhile, Ethereum creator Vitalik Buterin has commented on the next steps for Ethereum to consolidate beyond the “walkaway test,” cementing its protocol to avoid dependency on constant developer involvement.

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