Bitmine’s Ether Holdings Exceed 4.1 Million Tokens, Total Assets Reach $13.2 Billion
Tom Lee’s publicly traded miner and treasury firm, Bitmine Immersion Technologies (BMNR), said it now controls more than 3% of Ethereum’s circulating supply and is accelerating its staking plans.
In a Monday press release, Bitmine reported that its combined crypto, cash, and higher-risk “moonshot” investments have grown to $13.2 billion, driven largely by its ETH position, which now totals over 4.1 million tokens. The firm’s holdings make it 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. Its ether holdings represent roughly 3.41% of Ethereum’s circulating supply of about 120.7 million ETH, putting the company about two-thirds of the way toward its “alchemy of 5%” target.
“We continue to be the largest ‘fresh money’ buyer of ETH in the world,” said Thomas Lee, chairman of Bitmine. He noted that year-end tax-loss selling often pressures crypto and crypto equities between Dec. 26 and Dec. 30, which the firm is navigating carefully.
Bitmine has currently staked 408,627 ETH, valued at approximately $1.2 billion, working with three staking providers in preparation for its Made in America Validator Network (MAVAN), set to launch in early 2026. At the current composite Ethereum staking rate of 2.81%, Lee estimated that fully staking the company’s ETH could generate roughly $374 million in annual staking revenue.
Ahead of its annual shareholder meeting on Jan. 15, 2026, at the Wynn Las Vegas, the company released a special chairman’s message urging investors to support four proposals linked to its long-term strategy.
Ether was trading near $2,950 over the past 24 hours at the time of publication.
