On January 12, 2026, Bitmine Immersion Technologies (NYSE AMERICAN: BMNR) reported significant financial milestones, revealing that its holdings in Ethereum have reached 4.168 million tokens. The company”s total crypto and cash assets amount to a staggering $14.0 billion, underscoring its position as a leading player in the cryptocurrency sector.
Chairman Tom Lee emphasized the importance of Proposal #2, urging stockholders to vote in favor of increasing the number of authorized shares. This move aims to facilitate Bitmine”s goal of enhancing its ETH per share and ensuring continued growth in its asset base.
As of January 11, 2026, Bitmine”s ETH holdings represent approximately 3.45% of the total ETH supply, which stands at 120.7 million tokens. The company has also staked 1,256,083 ETH, valued at around $3.9 billion, contributing to its status as the largest “fresh money” buyer of ETH globally.
In addition to its ETH holdings, Bitmine possesses 193 Bitcoin (BTC) and a $23 million stake in Eightco Holdings (NASDAQ: ORBS), along with a cash reserve of $988 million. Lee noted that the company has strategically increased its cash position by $73 million while continuing to expand its cryptocurrency holdings.
Looking ahead, Bitmine plans to launch its MAVAN (Made in America Validator Network) staking solution in the first quarter of 2026. This initiative is expected to bolster the company”s staking capabilities, further solidifying its status as a premier staking provider in the cryptocurrency ecosystem.
Bitmine”s upcoming Annual Stockholders Meeting is scheduled for January 15, 2026, at the Wynn Las Vegas. The agenda includes the election of directors, approval of the charter amendment for increasing authorized shares, and discussions surrounding the 2025 Omnibus Incentive Plan.
In the broader context, Lee expressed optimism about the future of the cryptocurrency market, predicting that 2026 will be a year of recovery following the recent market challenges. He highlighted the ongoing adoption of stablecoins and the potential for blockchain to become a foundational technology for traditional financial systems.
For stockholders wishing to participate in the Annual Meeting, online registration is required by January 13, 2026, and the meeting will be livestreamed on Bitmine”s X account.
As Bitmine continues to navigate the evolving landscape of cryptocurrency investment, its commitment to enhancing shareholder value and expanding its ETH treasury remains a key focus.
