Bitmine Immersion Technologies (BMNR) announced that its combined investments in cryptocurrencies, cash, and high-risk “moonshot” investments reached $13.2 billion, driven by Ether. Ethereum$2,929.53 There are currently over 4.1 million total token positions.
The company said in a press release on Monday that this holding makes it the world’s largest public Ether treasury, and the second largest among corporate crypto treasuries after Bitcoin-Specific Strategies (MSTR).
As of December 28, Bitmine announced that it held 4,110,525 ETH, 192 Bitcoin, $23 million in Eightco Holdings stock, and $1 billion in cash.
The Ether position accounts for approximately 3.41% of the network’s circulating supply of approximately 120.7 million ETH, making it approximately two-thirds of the way toward a goal the company calls “5% Alchemy.”
“We will continue to be the world’s largest ‘fresh money’ purchaser of ETH,” said Bitminy Chairman Thomas Lee.
“Year-end tax loss-related selling has depressed the prices of cryptocurrencies and crypto stocks, and this impact tends to be greatest from December 26th to December 30th, so we are operating the market with this in mind,” he added.
Bitmine currently stakes 408,627 ETH, worth approximately $1.2 billion, and said it is working with three staking providers as it prepares to launch the Made in America Validator Network (MAVAN) in early 2026.
Using the current Ethereum aggregate staking rate of 2.81%, Lee estimated that fully staking the company’s Ethereum holdings would generate approximately $374 million in annual staking revenue.
The company also released a special chairman’s message ahead of its annual meeting to be held at Wynn Las Vegas on January 15, 2026, urging investors to vote in favor of four proposals related to its long-term strategy.
Ether has remained largely unchanged at around $2,950 for the past 24 hours at the time of publication.
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