BitMine has significantly boosted its Ethereum (ETH) holdings, surpassing 4.2 million ETH, thereby reinforcing its status as the largest treasury holder of Ethereum. This strategic acquisition reflects the company”s increasing dominance in the Ethereum ecosystem and positions it ahead of competitors.
Recently, BitMine reported that its total Ethereum holdings have reached 4,203,036 ETH. This increase is particularly noteworthy, considering the company acquired 35,268 ETH within a single week leading up to January 20, 2026. At current market values, these holdings are estimated to be worth approximately $12.8 billion, which constitutes nearly 3.5% of Ethereum”s total circulating supply.
Staked Ether Growth and Future Rewards
In tandem with its accumulation of ETH, BitMine has also ramped up its staked ether balance, which now stands at 1,838,003 ETH. This figure represents over 40% of its total Ethereum holdings. Within the last week alone, BitMine”s staked ether grew by 581,920 ETH, a move that is expected to yield substantial rewards in the future.
The company estimates that once its staked ether is fully operational, it could potentially generate more than $370 million annually in staking rewards. Tom Lee, chairman of BitMine, has highlighted the company”s position as the leading staked ether holder globally, showcasing the firm”s commitment to expanding its staking operations.
Diverse Portfolio and Future Initiatives
Alongside its Ethereum investments, BitMine maintains a diverse cryptocurrency portfolio. Currently, it holds 193 bitcoins (BTC) valued at approximately $17.5 million and has a stake in Eightco worth around $22 million. The company”s total crypto and cash holdings are estimated at about $14.5 billion.
Looking ahead, BitMine is set to launch its Made-in-America Validator Network (MAVAN) in early 2026, an initiative aimed at further enhancing its staking capabilities and expanding its influence within the Ethereum network.
