Bitmine Immersion Technologies (BMNR) said its combined crypto, cash and higher-risk “moonshot” investments have reached $13.2 billion, fueled by an ether position that now stands at more than 4.1 million tokens.
The firm, in a press release on Monday, said the holdings make it the world’s largest publicly owned ether treasury and ranks it second globally among corporate crypto treasuries, behind bitcoin-only Strategy (MSTR).
As of December 28, Bitmine said it had 4,110,525 ETH along with 192 bitcoin, a $23 million stake in Eightco Holdings and $1 billion in cash.
The ether position represents about 3.41% of the network’s circulating supply of about 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “alchemy of 5%” goal.
“We continue to be the largest ‘fresh money’ buyer of ETH in the world,” said Thomas Lee, chairman of Bitminee.
“This year’s tax loss related selling is depressing crypto and crypto share prices, and this effect tends to be greatest from 12/26 to 12/30, so we are navigating the markets with this in mind,” he added.
Bitmine said it has currently staked 408,627 ETH, worth about $1.2 billion, and is working with three staking providers as it prepares to launch its Made in America Validator Network, or MAVAN, in early 2026.
Using the current compound Ethereum staking rate of 2.81%, Lee estimated that fully exploiting the company’s ether holdings could generate about $374 million in annual staking revenue.
The company also released a special chairman’s announcement ahead of its January 15, 2026 annual meeting of shareholders at Wynn Las Vegas, urging investors to vote in favor of four proposals related to its long-term strategy.
Ether traded little changed over the past 24 hours around $2,950 at the time of publication.
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