Bitmine’s Ether Holdings Exceed 4.1 Million, Total Assets Reach $13.2 Billion
Tom Lee’s publicly traded mining and treasury firm, Bitmine Immersion Technologies (BMNR), now controls over 3% of Ethereum’s circulating supply and is stepping up its staking initiatives.
In a Monday press release, Bitmine reported that its combined crypto, cash, and high-risk “moonshot” investments have reached $13.2 billion, largely driven by its ETH holdings of more than 4.1 million tokens. This makes the firm the world’s largest publicly owned ether treasury and the second-largest corporate crypto treasury globally, trailing only bitcoin-focused Strategy (MSTR).
As of Dec. 28, Bitmine’s portfolio included 4,110,525 ETH, 192 BTC, a $23 million stake in Eightco Holdings, and $1 billion in cash, representing approximately 3.41% of Ethereum’s circulating supply. The company is now about two-thirds of the way toward its “alchemy of 5%” target.
Bitmine has currently staked 408,627 ETH, valued at roughly $1.2 billion, and is preparing to launch its Made in America Validator Network (MAVAN) in early 2026. At Ethereum’s current staking rate of 2.81%, fully staking its holdings could generate an estimated $374 million annually.
Chairman Thomas Lee said the firm remains the largest fresh-money ETH buyer and is navigating year-end tax-loss market dynamics. Ether traded near $2,950 at publication.
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