Bitmine Surpasses 4.17M ETH, Crypto and Cash Holdings Hit $14 Billion
Bitmine Immersion Tech has further cemented its position as the largest corporate holder of Ether, adding a whopping 24,266 ETH...
Quick overview
- Bitmine Immersion Tech has added 24,266 ETH to its holdings, bringing its total to approximately 4.17 million tokens, which is 3.4% of Ethereum's circulating supply.
- The company's total crypto and cash portfolio has reached $14 billion, with nearly $1 billion in cash reserves and 1.26 million ETH staked.
- Bitmine plans to launch its own staking platform in early 2026, aiming to solidify its position in the crypto space.
- Investor response has been positive, with Bitmine shares rising 3% amid discussions about increasing the authorized share count.
Bitmine Immersion Tech has further cemented its position as the largest corporate holder of Ether, adding a whopping 24,266 ETH to its stash last week. This brings its total to roughly 4.17 million tokens, which is a respectable 3.4% of the circulating supply of Ethereum.
Bitmine’s Chairman Tom Lee has caught our eye with his comments on this latest accumulation : it’s not just about hoarding Ether – it’s a long-term play that puts Bitmine firmly on the map as a key participant in the Ethereum ecosystem. The company has made no secret of its focus on Ether, but its balance sheet also includes a decent stash of 193 Bitcoin as well as a $23 million chunk of Eightco Holdings.
- 24,266 ETH purchased in one week – that’s a serious shopping spree.
- Total Ether holdings: almost 4.17 million tokens – now that’s a sizeable holding.
- Ether makes up 3.4% of circulating supply – a not insubstantial chunk
$14B Crypto & Cash Portfolio
Bitmine’s total stash of crypto and cash has now reached a staggering $14 billion, with nearly a billion of that in good old-fashioned cash reserves. And it’s not just sitting there – the firm is also expanding its staking operations, with around 1.26 million ETH already locked in – a neat increase of 600,000 ETH from the week before.
GM
💼Last week Bitmine acquired an additional 24,266 ETH.
Currently, its total holding is 4,167,768 ETH, which is equivalent to $12.98 billion. pic.twitter.com/No5KcyTySc
— Captain GM (@g13m) January 12, 2026
Staking’s a way for token holders to lock in their assets to help keep Ethereum’s network up and running while earning a bit of interest on the side. Bitmine’s got plans to launch its own staking platform in early 2026 – which should give it a pretty solid foothold in the crypto space.
- Total portfolio: stands at a very healthy $14B.
- Cash reserves: nearly a billion bucks – that’s a nice safety net
- ETH staked: 1.26M – a serious increase of 600K in one week
Market Influence & Strategic Moves
This latest expansion of Bitmine’s operations has sparked all sorts of discussions about increasing the authorised share count – a proposal that’s set to be top of the agenda at the company’s annual meeting in Las Vegas. As Lee points out, getting the thumbs up from investors will be crucial if Bitmine is to keep buying Ether on this scale.
So far, the investor response has been pretty positive, with Bitmine shares up 3% in early trading. As for Ether itself, it’s hovering near $3,100, having taken a 3% hit in the market over the past week.
Bitmine’s aggressive strategy reflects a pretty broad trend among corporate treasuries that are focused on crypto – many of these firms are holding on to their assets with a pretty tight grip. As CoinGecko points out, Bitmine has more Ether than its nearest competitors combined – while Bitcoin’s still got a pretty small group of firms holding the majority of its supply. Bitmine’s publicly stated goal remains owning 5% of Ether’s total supply – a not too shabby 6 million ETH.
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