Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.144 Million Tokens, and Total Crypto and Total Cash Holdings of $14.2 Billion

Rhea-AI Summary

Bitmine Immersion Technologies (NYSE AMERICAN: BMNR) announced crypto + total cash + "moonshots" holdings of $14.2 billion as of Jan 4, 2026.

Key holdings include 4,143,502 ETH (valued at $3,196 each), representing 3.43% of ETH supply, 192 BTC, a $25 million stake in Eightco Holdings, and $915 million in cash. Total staked ETH is 659,219 (valued at ~$2.1 billion) with MAVAN staking expected to launch in early 2026.

The company acquired 32,977 ETH in the final week of 2025 and will hold its Annual Stockholder Meeting at Wynn Las Vegas on Jan 15, 2026 to vote on increasing authorized shares and other items.

Positive

• Crypto + cash + moonshots totaling $14.2B
• 4,143,502 ETH holdings (3.43% of ETH supply)
• Total cash position of $915M
• Staked ETH 659,219 (~$2.1B) generating staking yield
• Acquired 32,977 ETH in the final week of 2025
• MAVAN staking solution on track for launch in early 2026

Negative

• Proposal to increase authorized shares may result in shareholder dilution
• Only ~15.9% of ETH holdings are currently staked (659,219 of 4,143,502)

Key Figures

Crypto + Cash + Moonshots $14.2 billion Total holdings as of Jan 4, 2026

ETH holdings 4,143,502 ETH Company ETH position as of Jan 4, 2026

ETH price $3,196 per ETH Coinbase price used for valuation

Bitcoin holdings 192 BTC Company Bitcoin position

Eightco stake $25 million Stake in Eightco Holdings (ORBS) classified as "moonshots"

Cash balance $915 million Total cash as of Jan 4, 2026

Staked ETH 659,219 ETH Amount of ETH currently staked

Annual staking fee $374 million Estimated fee at 2.81% CESR when ETH fully staked

Market Reality Check

$30.06 Last Close

Volume Volume 57,382,807 vs 20-day avg 44,886,527 (relative volume 1.28x) shows elevated interest ahead of this update. normal

Technical Price $31.19 is trading slightly below the 200-day MA of $31.98, after a 14.88% daily gain.

Peers on Argus

BMNR’s 14.88% move outpaced mixed capital markets peers: crypto‑exposed names like IREN (+9.46%) and MARA (+7.83%) rose, while others such as VIRT (-2.69%) and XP (-3.46%) fell, pointing to a BMNR‑specific and crypto‑centric driver.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 22	Crypto holdings update	Positive	-0.9%	Reported $13.2B holdings and 4.066M ETH, maintaining largest ETH treasury.
Dec 19	Annual meeting notice	Neutral	+10.3%	Detailed Las Vegas annual meeting logistics and proposals including share increase.
Dec 08	Crypto holdings update	Positive	+5.2%	Announced $13.2B holdings and 3.865M ETH with accelerated weekly accumulation.
Dec 01	Crypto holdings update	Positive	-12.6%	Reported $12.1B holdings and 3.726M ETH ahead of Ethereum Fusaka upgrade.
Nov 24	Crypto holdings update	Positive	+19.6%	Disclosed $11.2B holdings and 3.63M ETH, two‑thirds toward 5% ETH target.

Pattern Detected

Recent crypto NAV updates have often led to sizable but directionally mixed reactions, with both rallies and pullbacks following broadly positive treasury growth news.

Recent Company History

Over the past several months, Bitmine has repeatedly reported rising Ethereum holdings and larger crypto treasuries, moving from 3.63M ETH and $11.2B in holdings on Nov 23, 2025 to 4.066M ETH and $13.2B by Dec 21, 2025. Trading liquidity has remained high, and the company has consistently highlighted its position as the largest ETH treasury and a top global crypto treasury. Today’s update extends that pattern by showing further ETH accumulation, higher total holdings, and progress toward the 5% ETH supply goal and staking initiatives like MAVAN.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-07-28

The company has an effective S-3ASR shelf registration dated Jul 28, 2025, expiring Jul 28, 2028, with at least two recorded usages via 424B5 filings in Aug and Sep 2025, indicating an established mechanism for raising capital through securities offerings.

Market Pulse Summary

The stock moved +6.9% in the session following this news. A strong positive reaction aligns with Bitmine’s pattern of sizable moves around crypto-treasury updates. Today’s ETH holdings of 4.143M tokens and total crypto plus cash of $14.2B extend a rapid accumulation trend. Past crypto-tagged news showed an average move of 9.67%, so a 14.88% gain fit within its volatile history. Investors monitoring this name have also faced sharp pullbacks after upbeat releases, making capital-raising plans and future ETH-price sensitivity ongoing risks.

Key Terms

staking technical

"Bitmine staked ETH stands at 659,219 and MAVAN staking solution on track..."

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.

composite ethereum staking rate technical

"The CESR (composite Ethereum staking rate, administered by Quatrefoil) is 2.81%."

A composite ethereum staking rate is the single, annualized percentage that represents the typical return investors earn by locking up Ether across a mix of validators, staking pools and service providers, after accounting for fees and penalties. It matters because it shows the expected income from staking (like an average bank interest rate), helps compare staking vs. selling or lending choices, and influences supply dynamics and investor returns in the Ethereum ecosystem.

validator network technical

"The Made in America Validator Network (MAVAN). This will be the 'best-in-class'..."

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.

stablecoins financial

"Wall Street embracing stablecoins and tokenization, the rising need for authentication..."

Stablecoins are a type of digital currency designed to maintain a steady value, often linked to traditional currencies like the dollar or euro. They function like digital cash that offers the convenience of online transactions while avoiding the large price swings common with other cryptocurrencies. This stability makes them useful for investors and users who want a reliable way to store and transfer value without exposure to sudden market changes.

tokenization financial

"Wall Street embracing stablecoins and tokenization, the rising need for authentication..."

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.

proxy regulatory

"Stockholders can vote either in person at the Annual Meeting or by proxy..."

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

charter amendment regulatory

"vote to support the amendment to increase authorized shares ahead of the upcoming..."

A charter amendment is a formal change to a corporation’s founding document — its legal rulebook that sets basic structure, powers and shareholder rights. Investors care because amending the charter can alter voting rules, share classes, dividend policies or takeover protections, which can change how value and control are distributed; think of it as revising a building’s blueprint that affects who owns which rooms and who can remodel next.

authorized shares regulatory

"amendment to increase authorized shares ahead of the upcoming annual stockholder meeting..."

Authorized shares are the maximum number of shares a company is allowed to issue according to its official plan. Think of it as a company’s set limit on how many pieces of its ownership it can distribute to investors. This number helps investors understand the potential for future growth or change in the company's ownership structure.

AI-generated analysis. Not financial advice.

Bitmine releases Special Chairman's Message related to upcoming Annual Stockholder Meeting

Bitmine staked ETH stands at 659,219 and MAVAN staking solution on track to launch Q1 2026

Bitmine remains the largest 'fresh money' buyer of ETH in the world

Bitmine now owns 3.43% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%'

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $14.2 billion, including 4.144 million ETH tokens, total cash of $915 million, and other crypto holdings

Bitmine will hold its Annual Stockholder 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 44th most traded stock in the US, trading $1.1 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, Jan. 5, 2026 /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 $14.2 billion.

As of January 4th at 9:00pm ET, the Company's crypto holdings are comprised of 4,143,502 ETH at $3,196 per ETH (Coinbase), 192 Bitcoin (BTC), $25 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $915 million. Bitmine's ETH holdings are 3.43% of the ETH supply (of 120.7 million ETH).

"We are excited about the prospects for Ethereum in 2026 given the multiple tailwinds of US government support for crypto, Wall Street embracing stablecoins and tokenization, the rising need for authentication and proof of provenance in an increasingly complex AI world and the rising adoption of crypto among younger generations," said Thomas "Tom" Lee of Fundstrat, Chairman of Bitmine. "Moreover, the surge in commodity and precious metals in 2025 bodes well for crypto prices in 2026, which tend to follow metal price moves."

"In the final week of 2025, total equity and crypto activity slowed, and yet we acquired 32,977 ETH in the past week," continued Lee. "Our analysis shows that Bitmine has continued to accumulate ETH at an accelerated pace versus other Ethereum DATs. We remain the largest 'fresh money' buyer of ETH in the world."

Bitmine released a special Chairman's message (link) explaining why Bitmine stockholders should vote to support the amendment to increase authorized shares ahead of the upcoming annual stockholder meeting on January 15, 2026 (the "Annual Meeting"). "BitMine needs the increase in authorized shares primarily to allow the company to selectively issue shares for capital market activities, accommodate future share splits (as ETH moves to our long-term targets) and enable us to consider selective acquisitions," said Tom Lee. "Bitmine sole focus remains creating stockholder value, achieving this by accretively acquiring ETH per share, optimizing yield and income on its ETH holdings, and strategically investing the balance sheet on 'moonshots' and leveraging the company's strong community and market position to generate additional returns."

As of January 4, 2026, Bitmine total staked ETH stands at 659,219 ($2.1 billion at $3,196 per ETH). This is an increase of 250,592 in the past week. This is a fraction of the 4.11 million ETH held by Bitmine. The CESR (composite Ethereum staking rate, administered by Quatrefoil) is 2.81%. Bitmine is currently working with 3 staking providers as the company moves towards unveiling its commercial MAVAN (Made in America VAlidator Network) in 2026. "At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annual (using 2.81% CESR), or greater than $1 million per day," stated Tom Lee.

"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.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 672,497 BTC valued at $61 billion. Bitmine remains the largest ETH treasury in the world. 

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 $980 million (5-day average, as of January 2, 2026), ranking #44 in the US, behind IBM (rank #43) and ahead of Home Depot (rank #45) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine will hold its Annual Meeting at the Wynn Las Vegas on January 15, 2026. The company encourages stockholders to vote and attend its in-person Annual Meeting. Details and the agenda for the 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 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.

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 crypto and cash does Bitmine (BMNR) report as of Jan 4, 2026?

Bitmine reports $14.2 billion in crypto + total cash + moonshots as of Jan 4, 2026.

How many ETH does Bitmine (BMNR) hold and what percentage of supply is that?

Bitmine holds 4,143,502 ETH, equal to 3.43% of the 120.7 million ETH supply.

What is Bitmine's staked ETH and estimated value on Jan 4, 2026?

Bitmine has 659,219 staked ETH, valued at about $2.1 billion at $3,196 per ETH.

When will Bitmine (BMNR) hold its Annual Stockholder Meeting and what will be voted on?

The Annual Meeting is on Jan 15, 2026 at Wynn Las Vegas; votes include increasing authorized shares and approving incentive plans.

What is MAVAN and when will Bitmine (BMNR) launch it?

MAVAN (Made in America Validator Network) is Bitmine's commercial staking solution, targeted to deploy in early 2026.

How much ETH did Bitmine (BMNR) acquire in the final week of 2025?

Bitmine acquired 32,977 ETH during the final week of 2025.