TLDR:
- Bitmine now owns 3.41% of total ETH supply with 4.11 million tokens valued at $13.2 billion
- Company added 44,463 ETH tokens in past week, maintaining position as largest fresh money buyer
- MAVAN staking solution launching Q1 2026 could generate $374 million annually in staking fees
- Bitmine ranks as 47th most traded US stock with $980 million average daily trading volume
Bitmine Immersion Technologies announced its cryptocurrency holdings on December 29, 2025, revealing total assets of $13.2 billion.
The company now holds 4,110,525 ETH tokens valued at $2,948 each, alongside 193 Bitcoin and $1 billion in cash.
The Ethereum treasury now represents 3.41% of the total ETH supply. Bitmine will hold its Annual Stockholder Meeting at the Wynn Las Vegas on January 15, 2026.
Portfolio Growth and Strategic Acquisitions Continue
The company added 44,463 ETH tokens during the past week despite seasonal market slowdowns.
Tom Lee, Chairman of Bitmine and Fundstrat founder, explained the current market environment in a statement. “Market activity tends to slow as we enter the final holiday weeks of a calendar year,” Lee said. He added that Bitmine continues to be the largest ‘fresh money’ buyer of ETH in the world.
Lee addressed the recent price pressures affecting cryptocurrency markets. “Year-end tax-loss related selling is pushing down crypto and crypto equity prices,” he stated.
The chairman noted this effect tends to be greatest from December 26 to December 30. Bitmine navigates these conditions while maintaining its acquisition strategy.
The company maintains its position as the world’s largest Ethereum treasury holder. Bitmine ranks second globally among crypto treasuries, trailing only Strategy Inc., which holds 671,268 BTC valued at $59 billion.
Additionally, Bitmine holds a $23 million stake in Eightco Holdings under its “moonshots” investment category. The company’s stock has become one of the most actively traded in the United States.
According to Fundstrat data, BMNR shares averaged $980 million in daily trading volume over a five-day period ending December 26, 2025.
Staking Infrastructure and Annual Meeting Priorities
Bitmine currently works with three staking providers while developing its proprietary MAVAN solution. “We continue to make progress on our staking solution known as The Made in America Validator Network,” Lee confirmed.
He described MAVAN as a ‘best-in-class’ solution offering secure staking infrastructure. The deployment is scheduled for early calendar 2026.
As of December 28, 2025, the company has staked 408,627 ETH tokens worth approximately $1.2 billion at current prices.
The composite Ethereum staking rate stands at 2.81%, administered by Quatrefoil. Lee projected the revenue potential from full-scale staking operations. “At scale, the ETH staking fee is $374 million annual, or greater than $1 million per day,” he stated.
The upcoming Annual Meeting features four key proposals requiring shareholder approval. “Our company benefits from the strong engagement and support of our stockholders,” Lee said.
He emphasized these proposals need crucial ‘yes’ votes to achieve the company’s ‘alchemy of 5%’ strategic plan. Lee outlined the company’s primary objectives as creating stockholder value through accretive ETH acquisitions per share and optimizing yield on holdings.
Institutional investors supporting Bitmine include ARK’s Cathie Wood, MOZAYYX, Founders Fund, and Pantera among others.
