Bitmine Immersion Technologies (BMNR) announced that its total investments in crypto, cash, and higher-risk “moonshot” ventures have reached $13.2 billion, primarily due to its ether holdings, which now exceed 4.1 million tokens.
The company stated in a press release on Monday that these assets make it the largest publicly owned ether treasury globally and rank it second among corporate crypto treasuries, following bitcoin-focused Strategy (MSTR).
As of December 28, Bitmine reported holding 4,110,525 ETH, in addition to 192 bitcoins, a $23 million investment in Eightco Holdings, and $1 billion in cash.
This ether stake constitutes approximately 3.41% of the circulating supply of about 120.7 million ETH, bringing the company closer to its “alchemy of 5%” goal.
“We remain the biggest ‘fresh money’ purchaser of ETH worldwide,” remarked Thomas Lee, chairman of Bitmine.
“The end-of-year tax-loss selling is causing declines in both crypto and equity prices, particularly from December 26 to December 30, so we are adjusting our strategy accordingly,” he added.
Currently, Bitmine has staked 408,627 ETH, valued at around $1.2 billion, and is collaborating with three staking service providers as it gears up to launch its Made in America Validator Network, set for early 2026.
Based on the current Ethereum staking rate of 2.81%, Lee estimates that fully staking the company’s ether holdings could yield approximately $374 million annually from staking revenue.
The firm also shared a special message from the chairman ahead of its annual shareholder meeting scheduled for January 15, 2026, at the Wynn Las Vegas, encouraging investors to support four proposals linked to its long-term strategy.
At the time of publication, ether was trading around $2,950, showing little change over the past 24 hours.
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