Bitmine Immersion (BMNR) Announces ETH Holdings Reach 4.066 Million Tokens, and Total Crypto and Total Cash Holdings of $13.2 Billion

Rhea-AI Summary

Bitmine (NYSE AMER: BMNR) reported combined crypto, cash and "moonshots" holdings of $13.2 billion as of Dec 21, 2025. Holdings include 4,066,062 ETH valued at $2,991/ETH, 193 BTC, a $32 million stake in Eightco Holdings, and $1.0 billion in cash. Bitmine's ETH position represents 3.37% of total ETH supply and the company added 98,852 ETH in the prior week.

Bitmine says it is the world’s largest ETH treasury, ranks #2 global treasury behind Strategy Inc. for crypto value, averages $1.7 billion daily trading volume (5-day avg) ranking #66 among US stocks, and plans to deploy its MAVAN staking solution in early 2026. Annual stockholders meeting is set for Jan 15, 2026 at Wynn Las Vegas.

Positive

• Total holdings of $13.2 billion (crypto + cash + moonshots)
• ETH balance 4,066,062 tokens (3.37% of supply)
• Cash balance of $1.0 billion
• Added 98,852 ETH in the past week
• Average daily trading volume $1.7 billion (5-day), ranked #66 US
• Plans to deploy MAVAN staking solution in early 2026

Negative

• Proposal to increase authorized shares on Jan 15, 2026 could enable dilution
• Approval sought for a 2025 Omnibus Incentive Plan that may increase share issuance

Key Figures

Total crypto + cash + moonshots $13.2 billion Holdings as of Dec 21, 2025

Total cash $1.0 billion Cash component of treasury

ETH holdings 4,066,062 ETH Company’s Ethereum position at $2,991 per ETH

ETH supply share 3.37% Share of 120.7 million ETH supply

Other crypto holdings 193 BTC Bitcoin position within treasury

Eightco stake $32 million Value of ORBS "moonshots" position

ETH price reference $2,991 per ETH Coinbase price used for holdings value

Avg daily dollar volume $1.7 billion 5-day average trading volume; #66 most traded US stock

Market Reality Check

$27.66 Last Close

Volume Volume 58,078,364 vs 20-day avg 53,916,488 (relative volume 1.08x) shows slightly elevated trading ahead of this update. normal

Technical Price 31.36 is just above the 200-day MA at 31.09, indicating trading near a key longer-term trend level.

Peers on Argus 1 Up

BMNR was up 10.31% pre‑news, while key peers in Capital Markets like IREN (8.18%) and MARA (2.83%) showed smaller gains, suggesting a more company‑specific move than a broad sector rotation.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Crypto treasury update	Positive	+5.2%	Reported $13.2B holdings and 3.86M ETH with rising trading liquidity.
Dec 01	Crypto treasury update	Positive	-12.6%	Disclosed $12.1B holdings and >3.0% ETH supply ahead of Fusaka upgrade.
Nov 24	Crypto treasury update	Positive	+19.6%	Raised holdings to 3.63M ETH and $11.2B plus MAVAN deployment plans.
Nov 21	Earnings and dividend	Positive	-0.1%	Reported FY25 EPS $13.39, announced dividend and early 2026 ETH staking.
Nov 19	Strategic advisor hire	Positive	-9.6%	Engaged Tom DeMark to support ETH acquisition strategy and 5% goal.

Pattern Detected

Recent Bitmine news is generally positive, but price reactions have often diverged, with three of the last five upbeat announcements seeing negative next‑day performance.

Recent Company History

Over the past two months, Bitmine has repeatedly updated the market on its growing Ethereum treasury, moving from 3.4M ETH on Nov 2 to over 3.86M ETH by Dec 7, alongside rising crypto+cash+"moonshots" holdings from $11.2B to $13.2B. It also reported FY25 EPS of $13.39 and announced MAVAN staking plans. Today’s news extends this crypto‑treasury trajectory with larger ETH ownership and reiterates the upcoming Jan 15, 2026 annual meeting.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-07-28

Bitmine has an active S-3ASR shelf filed on 2025-07-28, effective through 2028-07-28, with at least 2 takedowns via 424B5. This structure provides flexibility to issue securities, which can impact existing shareholders if utilized for future capital raises.

Market Pulse Summary

This announcement details Bitmine’s growth to 4.066M ETH, representing 3.37% of supply, and total crypto, cash, and “moonshots” holdings of $13.2B. It reiterates plans for the MAVAN staking platform in early 2026 and outlines voting items at the Jan 15, 2026 annual meeting. Recent SEC filings highlight an effective S‑3ASR shelf and insider Rule 144 activity, factors investors may track alongside future ETH accumulation and staking progress.

Key Terms

nav financial

"leads crypto treasury peers by both the velocity of raising crypto NAV per share"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

tokenization technical

"bridging Wall Street's move onto the blockchain via tokenization."

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

defi technical

"engaged with the key entities driving cutting edge development in the defi community."

DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.

staking technical

"staking solution known as The Made in America Validator Network (MAVAN)."

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

validator network technical

"staking solution known as The Made in America Validator Network (MAVAN)."

A validator network is a group of independent computers or participants that check and record transactions on a digital ledger, using agreed rules to decide which entries are valid. Think of them as a team of referees who confirm plays and keep the official score; their integrity, speed and decentralization determine how secure, fast and reliable the system is. Investors care because the makeup and incentives of the validator network affect transaction finality, security risks, token rewards and governance influence.

AI-generated analysis. Not financial advice.

Bitmine now owns 3.37% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%'

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $13.2 billion, including 4.066 million ETH tokens, total cash of $1.0 billion, and other crypto holdings

Bitmine will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026

Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock

Bitmine is the 66th most traded stock in the US, trading $1.7 billion per day (5-day avg)

Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

LAS VEGAS, Dec. 22, 2025 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network Company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $13.2 billion.

As of December 21st at 3:00pm ET, the Company's crypto holdings are comprised of 4,066,062 ETH at $2,991 per ETH (Coinbase), 193 Bitcoin (BTC), $32 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $1.0 billion. Bitmine's ETH holdings are 3.37% of the ETH supply (of 120.7 million ETH).

"Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week, and Bitmine holdings now exceed the crucial 4 million ETH tokens. This is a tremendous milestone achieved after just 5.5 months," said Thomas "Tom" Lee of Fundstrat, Chairman of Bitmine. "We are making rapid progress towards the 'alchemy of 5%' and we are already seeing the synergies borne from our substantial ETH holdings. We are a key entity bridging Wall Street's move onto the blockchain via tokenization. And we have been heavily engaged with the key entities driving cutting edge development in the defi community."

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 671,268 BTC valued at $59 billion. Bitmine remains the largest ETH treasury in the world. 

"We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026," continued Lee.

The GENIUS Act and SEC's Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

Bitmine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.7 billion (5-day average, as of December 19, 2025), ranking #66 in the US, behind Wells Fargo (rank #65) and ahead of Chevron (rank #67) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026. The company encourages stockholders to vote and attend its in-person Annual Meeting for Stockholders ("Annual Meeting") held at the Wynn Las Vegas on January 15, 2026. Details and the agenda for this year's Annual Meeting can be found below:

Bitmine's Annual Meeting:

• Location: Wynn Las Vegas, 3131 Las Vegas Blvd S, Las Vegas, Nevada 89109
• Timing: 12:00pm-3:00pm PST
• Agenda:

1. Elect eight (8) directors for the next year;
2. Approve the charter amendment to increase the number of authorized shares of common stock;
3. Approve the 2025 Omnibus Incentive Plan; and
4. Approve, on a non-binding advisory basis, the special, performance-based compensation arrangement for the executive chairman

• Attending the Annual Meeting: Stockholders wishing to attend the Annual Meeting in person must register in advance at https://web.viewproxy.com/BMNR/2026 and follow the instructions provided. Registration must be completed and submitted no later than January 13, 2026 at 11:59 p.m. Eastern Time.
  • On the day of the meeting, please be ready to show your ticket and photo ID at the door for entry. If you have any questions, or need assistance with the registration process please contact Alliance Advisors at LogisticsSupport@allianceadvisors.com.
• Voting: Stockholders can vote either in person at the Annual Meeting or by proxy whether or not you attend the Annual Meeting utilizing one of the following methods:
  • By mail: All stockholders of record who received paper copies of the company's proxy materials can vote by marking, signing, dating, and returning their proxy card.
  • By telephone: Please call the number listed on your proxy card and follow the recorded instructions. You will need the control number included on your proxy card.
  • By internet: Please visit https://AALvote.com/BMNR or, if you received printed copies of your proxy materials, scan the QR code located on your proxy card. You will need the control number included on your proxy card.
  • The telephone and internet voting facilities for the stockholders of record of all shares will close at 11:59 p.m., Eastern Time on January 14, 2026.
• If you have any questions or need assistance please contact Alliance Advisors at
  • 1-855-206-1722 or BMNR@allianceadvisors.com
  • Hours of Operation:
    • Monday – Friday: 9am-10pm EST
    • Saturday – Sunday: 10am-10pm EST

The annual meeting will be livestreamed on Bitmine's X account: https://x.com/bitmnr 

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://bitminetech.io/investor-relations/

The Chairman's message can be found here:
https://www.bitminetech.io/chairmans-message

To stay informed, please sign up at: https://bitminetech.io/contact-us/

About Bitmine
Bitmine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. Bitmine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern

Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE BitMine Immersion Technologies, Inc.

FAQ

How much ETH does Bitmine (BMNR) hold as of Dec 21, 2025?

Bitmine holds 4,066,062 ETH as of Dec 21, 2025 (reported at $2,991 per ETH).

What is Bitmine's (BMNR) total crypto, cash and moonshot value on Dec 21, 2025?

Bitmine reports combined holdings of $13.2 billion in crypto, cash and moonshots as of Dec 21, 2025.

What percentage of ETH supply does Bitmine (BMNR) own and how close is it to 5%?

Bitmine owns 3.37% of ETH supply, described as two-thirds of the way toward a 5% target.

When will Bitmine (BMNR) deploy its MAVAN staking solution?

Bitmine says its MAVAN staking solution will be deployed in early calendar 2026.

When and where is Bitmine's (BMNR) 2026 annual stockholders meeting?

The Annual Meeting is scheduled for Jan 15, 2026 at the Wynn Las Vegas, with registration required by Jan 13, 2026.

What shareholder proposals will be voted on at Bitmine's (BMNR) Jan 15, 2026 meeting?

Agenda items include electing 8 directors, approving a charter amendment to increase authorized shares, the 2025 Omnibus Incentive Plan, and advisory approval of a performance-based pay arrangement.

How liquid is Bitmine (BMNR) stock based on recent trading data?

Bitmine reported average daily dollar volume of $1.7 billion (5-day avg as of Dec 19, 2025), ranking #66 among US-listed stocks.