Bitmine Immersion Technologies (BMNR) has revealed that it now possesses over 4.14 million ether , which is around 3.43% of the overall supply, as the company continues to gather tokens in pursuit of its 5% objective.
As stated in a press release, the total value of the company’s crypto and cash assets amounts to $14.2 billion, comprising $915 million in cash, 192 BTC, and a $25 million position in Eightco Holdings (ORBS).
Under the guidance of Chairman Tom Lee, Bitmine has increased its treasury by nearly 33,000 ETH in the last week. Lee anticipates that the price of ether could soar to $250,000 if bitcoin reaches $1 million.
As of January 4, Bitmine had staked 659,219 ETH, valued at about $2.1 billion. The company, which is currently working with three staking providers, hopes to boost this figure through the introduction of its in-house validator, known as the Made in America Validator Network (MAVAN), scheduled to launch in early 2026.
If fully staked at current rates, Bitmine expects to generate over $1 million daily in staking rewards, considering the current Composite Ether Staking Rate (CESR) of approximately 2.82%.
BMNR’s shares rose by 4.4% in early trading Monday, coinciding with an increase in ether’s price to $3,171.
