Bitmine Immersion Boosts Ethereum Holdings to 4.07M ETH, Controlling 3.37% of Supply

Bitmine Immersion Technologies has reached a significant milestone in its aggressive Ethereum accumulation strategy, now holding 4,066,062 ETH—equivalent to 3.37% of the total circulating supply—as it pursues its ambitious “Alchemy of 5%” goal.

(Sources: X)

Key Highlights

• Latest addition: 98,852 ETH acquired in the past week alone.
• Total ETH holdings: 4,066,062 (valued at ~$2,991 per token as of December 21).
• Bitmine emerges as the world’s largest corporate Ethereum treasury holder.

The update was part of a broader announcement on Monday detailing the company’s expanding digital asset portfolio and strengthened position in capital markets.

Treasury Composition and Growth Trajectory

As of December 21, Bitmine’s treasury includes:

• 4,066,062 ETH
• 193 BTC
• $1.0 billion in cash reserves
• A $32 million equity stake in Eightco Holdings
• Additional speculative crypto positions categorized as “moonshots”

Combined, these assets bring the company’s total crypto, cash, and opportunistic holdings to approximately $13.2 billion.

Ethereum’s circulating supply stands at around 120.7 million tokens, cementing Bitmine’s dominance in ETH corporate treasuries. The firm achieved the 4-million-ETH threshold just 5.5 months after launching its dedicated accumulation program, demonstrating remarkable velocity.

Fundstrat Chairman Tom Lee emphasized that the rapid pace reflects Bitmine’s role as a conduit between traditional finance and blockchain infrastructure, particularly as institutional interest in tokenization and DeFi intensifies.

Market Liquidity and Institutional Support

Bitmine claims leadership among crypto-treasury peers in both the rate of crypto NAV-per-share growth and equity trading liquidity. Its stock (BMNR) ranks as the 66th most traded U.S. equity, averaging $1.7 billion in daily volume over the past five days—surpassing names like Chevron and trailing only slightly behind Wells Fargo.

The company continues to enjoy backing from a high-profile investor base, including Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group (DCG), Kraken, Bill Miller III, MOZAYYX, and Tom Lee personally.

Globally, Bitmine ranks as the top Ethereum treasury and the second-largest overall crypto treasury (behind Strategy Inc.’s ~671,000 BTC holdings).

Future Initiatives and Shareholder Engagement

Beyond accumulation, Bitmine is developing its “Made in America Validator Network” (MAVAN)—a domestic staking infrastructure platform slated for launch in early 2026.

The company has scheduled its annual stockholder meeting for January 15, 2026, at the Wynn Las Vegas, where leadership will outline the next phase of its ETH-focused strategy amid what it calls a pivotal regulatory shift for U.S. digital asset markets.