Bitmine Immersion Technologies (BMNR) said its combined investments in crypto, cash and higher-risk “moonshots” have reached $13.2 billion, fueled by one ether. position that now totals more than 4.1 million tokens.
In a press release on Monday, the firm said the holdings make it the largest publicly owned ether treasury in the world and place it second globally among corporate crypto treasuries, behind Bitcoin-only Strategy (MSTR).
As of December 28, Bitmine said it held 4,110,525 ETH, along with 192 bitcoins, a $23 million stake in Eightco Holdings, and $1 billion in cash.
The ether position represents about 3.41% of the network’s circulating supply of about 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “5% alchemy” goal.
“We remain the largest buyer of ETH ‘fresh money’ in the world,” said Thomas Lee, president of Bitminee.
“Selling related to year-end tax losses is putting downward pressure on cryptocurrency and cryptocurrency stock prices and this effect tends to be greatest from 12/26 to 12/30, so we are navigating the markets with this in mind,” he added.
Bitmine said it has currently staked 408,627 ETH, worth around $1.2 billion, and is working with three staking providers as it prepares to launch its Made in America Validator Network, or MAVAN, in early 2026.
Using Ethereum’s current compound staking rate of 2.81%, Lee estimated that fully staking the company’s ether holdings could generate approximately $374 million in annual staking revenue.
The company also released a special message from the chairman ahead of its annual shareholder meeting on January 15, 2026 at the Wynn Las Vegas, urging investors to vote in favor of four proposals tied to its long-term strategy.
Ether was trading little changed in the last 24 hours, around $2,950 at press time.
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