Bitmine Immersion Technologies (BMNR) has revealed that its ether (ETH) holdings have exceeded 4.14 million tokens, representing approximately 3.43% of the total supply. The company”s strategy involves further accumulation of ether, with a goal to reach a 5% stake in the cryptocurrency.
The total assets held by Bitmine now amount to $14.2 billion, which includes $915 million in cash, 192 BTC, and a $25 million investment in Eightco Holdings (ORBS), according to a recent press release. Under the leadership of Chairman Tom Lee, Bitmine has added nearly 33,000 ETH to its treasury within the past week.
Lee has made headlines with his bold prediction that ether could soar to $250,000 if bitcoin (BTC) reaches a valuation of $1 million. As of January 4, Bitmine had staked 659,219 ETH, valued at approximately $2.1 billion. The firm is currently working with three staking providers and plans to enhance its staking efforts with the launch of its proprietary validator, named the Made in America Validator Network (MAVAN), which is scheduled to go live in early 2026.
If fully staked at the current rates, Bitmine anticipates generating over $1 million in staking rewards daily, based on the current Composite Ether Staking Rate (CESR) of around 2.82%. Following these developments, BMNR shares experienced a 4.4% increase in early trading on Monday, coinciding with a rise in the price of ether to $3,171.
This accumulation strategy and future plans for staking reflect Bitmine”s commitment to strengthening its position within the cryptocurrency market, particularly as it seeks to capitalize on the growth potential of ether.
