Bitmine Immersion Technologies (BMNR) has officially announced that it now controls approximately 3.41% of the total circulating supply of Ethereum (ETH), amounting to over 4.1 million ETH. This significant holding is valued at around $13.2 billion and positions Bitmine as a major player in the crypto market. The company”s ambition is to expand its ownership to 5% of Ethereum”s total supply.
With the current Ethereum supply estimated at 120.7 million ETH, Bitmine”s extensive treasury marks it as potentially the largest held by any public company. In addition to its Ethereum holdings, the company also reports owning 192 Bitcoin, approximately $1 billion in cash, and a stake worth $23 million in Eightco Holdings.
To enhance its income streams, Bitmine has already staked over $1.2 billion worth of ETH, with plans to establish its own validator network based in the United States by early 2026. Currently, Bitmine has staked 408,627 ETH, a process that involves locking up ETH to support the network in exchange for yield. The chairman of Bitmine, Thomas Lee, projects that if the company fully stakes its ETH holdings, it could generate an annual income of approximately $374 million.
Bitmine is also closely monitoring market trends, particularly concerning late-December selling linked to tax-loss harvesting strategies. The firm has scheduled its annual shareholder meeting for January 15, 2026, at Wynn Las Vegas, where it will seek investor support for four key proposals related to its long-term vision.
As Bitmine continues to focus on creating shareholder value, it emphasizes a strategy centered around optimizing yield from its ETH holdings, acquiring more ETH on a per-share basis, and making strategic investments to maximize returns. The company remains committed to leveraging its strong community and market presence to achieve these objectives.
