Digital asset treasury (DAT) company Bitmine Immersion Technologies disclosed that its ethereum holdings climbed to more than 4.16 million tokens as of Jan. 11, lifting total crypto and cash holdings to about $14 billion, according to a company statement released Monday.
Bitmine Expands Ethereum Treasury to 4.16M Tokens as Holdings Reach $14B
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Bitmine Grows Ethereum Per Share Strategy With Fresh Token Purchases
Following Strategy’s latest announcement, Bitmine said its crypto and cash holdings totaled about $14.0 billion, including roughly 4.17 million ETH, $988 million in cash, 193 BTC and a $23 million equity stake classified as “moonshots,” based on pricing as of Jan. 11 at 7 p.m. ET.
The company explained its ETH position represents approximately 3.45% of the total ethereum supply, placing Bitmine among the largest single holders of the asset. Over the past week, the firm reported acquiring 24,266 ETH while also increasing its cash balance by $73 million.
Chairman Tom Lee said the company continues to prioritize growing ETH per share and maintaining flexibility by issuing equity selectively and at a premium to its net asset value. Bitmine characterized itself as the largest “fresh money” buyer of ETH globally during the period.
“Bitmine only issues equity selectively and only at a premium to mNAV. We remain the largest ‘fresh money’ buyer of ETH in the world,” Lee remarked on Monday. “And when MAVAN launches its commercial operations, we will be the largest staking provider in the entire crypto ecosystem,” he added.
Also read: ETFs Recap: Bitcoin and Ether Bleed as Solana and XRP Hold Firm
A portion of Bitmine’s ethereum holdings is being deployed into staking. As of Jan. 11, the firm reported 1,256,083 ETH staked, valued at roughly $3.9 billion, with staking activity increasing by nearly 597,000 ETH in one week.
The company said it is working with multiple staking providers while preparing to launch its Made in America Validator Network (MAVAN), which is expected to begin commercial operations in early 2026. Bitmine estimates that fully staking its ETH could generate hundreds of millions of dollars annually based on prevailing network rates.
Bitmine will hold its annual shareholder meeting on Jan. 15 in Las Vegas, where investors are scheduled to vote on a proposal to increase authorized shares, a move the company says is necessary to continue expanding its ethereum-focused treasury strategy.
FAQ ❓
- What did Bitmine announce about its ethereum holdings?
Bitmine reported holding about 4.17 million ETH, representing roughly 3.45% of total supply. - How large are Bitmine’s total crypto and cash holdings?
The company said its combined crypto assets and cash total approximately $14 billion. - How much ETH is Bitmine currently staking?
Bitmine disclosed that more than 1.25 million ETH are staked as of Jan. 11. - What is MAVAN?
MAVAN is Bitmine’s planned validator network designed to support large-scale ethereum staking operations.
