Bitmine Immersion (BMNR) Announces ETH Holdings Reach 4.11 Million Tokens, and Total Crypto and Total Cash Holdings of $13.2 Billion
Rhea-AI Summary
Bitmine Immersion (NYSE AMERICAN: BMNR) reported total crypto + cash + "moonshots" holdings of $13.2 billion as of Dec 28, 2025. Holdings include 4,110,525 ETH (priced at $2,948/ETH), 192 BTC, a $23 million moonshot stake, and $1.0 billion in cash. Bitmine's ETH equals 3.41% of total ETH supply. Total staked ETH is 408,627 (valued at $1.2 billion) with MAVAN staking rollout targeted for Q1 2026. The company added 44,463 ETH in the past week. BMNR averaged $980 million daily trading volume (5-day avg) and will hold its Annual Meeting on Jan 15, 2026 at Wynn Las Vegas with four proposals on the agenda.
Positive
- Total crypto + cash holdings of $13.2 billion
- 4,110,525 ETH owned (4.11 million ETH)
- ETH holdings equal 3.41% of ETH supply
- Total staked ETH of 408,627 (valued $1.2B)
Negative
- Proposal to increase authorized shares may enable dilution
- Approval of omnibus incentive plan raises potential share-based cost
- Year-end tax-loss selling noted as pressure on crypto prices
News Market Reaction 50 Alerts
On the day this news was published, ORBS gained 10.21%, reflecting a significant positive market reaction. Argus tracked a peak move of +43.7% during that session. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 50 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $46M to the company's valuation, bringing the market cap to $495M at that time. Trading volume was very high at 3.3x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BMNR was down 3.54% pre-news. Crypto-exposed peers IREN (-5.24%) and MARA (-3.76%) were also weaker, while capital markets names VIRT (+1.22%), XP (+0.37%) and PJT (+0.61%) were positive, pointing to more crypto-specific than sector-wide pressure.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 22 | Crypto holdings update | Positive | -0.9% | Detailed ETH, BTC, cash and moonshots update with treasury ranking highlights. |
| Dec 19 | Annual meeting notice | Neutral | +10.3% | Invitation and logistics for Jan 15, 2026 annual meeting and voting methods. |
| Dec 08 | Crypto holdings update | Positive | +5.2% | ETH holdings above 3.86M and $13.2B total crypto, cash and moonshots. |
| Dec 01 | Crypto holdings update | Positive | -12.6% | ETH holdings at 3.73M with $12.1B total assets and Fusaka upgrade context. |
| Nov 24 | Crypto holdings update | Positive | +19.6% | ETH holdings at 3.63M, $11.2B assets and progress toward 5% ETH target. |
Recent crypto-treasury updates have produced mixed reactions, with roughly half of positive ETH-accumulation headlines followed by price gains and half by pullbacks.
Over the past six weeks, Bitmine has repeatedly reported growing ETH holdings and rising total crypto + cash + “moonshots” value, from $11.2 billion on Nov 23 to $13.2 billion by late December. ETH ownership has increased from about 3.6 million to above 4.06 million tokens across prior crypto-tagged releases, while management emphasized its status as the largest ETH treasury and outlined the MAVAN staking rollout for early 2026. The current update extends this accumulation trend and reiterates the Jan 15, 2026 Las Vegas annual meeting.
Regulatory & Risk Context
The company has an effective S-3ASR shelf registration dated 2025-07-28, expiring on 2028-07-28, with at least 2 takedowns via 424B5 filings in August and September 2025. This structure provides the ability to conduct registered offerings relatively quickly, subject to market conditions and company decisions.
Market Pulse Summary
The stock surged +10.2% in the session following this news. A strong positive reaction aligns with Bitmine’s pattern of sizeable moves around crypto-treasury updates, where prior crypto-tagged releases saw average one-day changes near 9.67%. The company highlighted $13.2 billion in combined holdings and ownership of 4,110,525 ETH, plus future staking income via CESR. However, investors must also weigh existing capital-raising flexibility under the effective S-3ASR shelf and prior 424B5 usage when assessing how durable any sharp upside could be.
Key Terms
staking technical
validator network technical
composite ethereum staking rate technical
proxy card regulatory
AI-generated analysis. Not financial advice.
Bitmine releases Special Chairman's Message related to upcoming Annual Stockholder Meeting
Bitmine staked ETH stands at 408,627 and MAVAN staking solution on track to launch Q1 2026
Bitmine now owns
Bitmine Crypto + Total Cash Holdings + "Moonshots" total
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 47th most traded stock in the US, trading
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
As of December 28th at 6:00pm ET, the Company's crypto holdings are comprised of 4,110,525 ETH at
"Market activity tends to slow as we enter the final holiday weeks of a calendar year. Bitmine added 44,463 ETH in the past week, as we continue to be the largest 'fresh money' buyer of ETH in the World." said Thomas "Tom" Lee of Fundstrat, Chairman of Bitmine. "Year-end tax-loss related selling is pushing down crypto and crypto equity prices and this effect tends to be the greatest from 12/26 to 12/30, so we are navigating markets with this in mind."
Bitmine released a special Chairman's message (link) encouraging Bitmine stockholders to vote ahead of the upcoming annual stockholder meeting on January 15, 2026 (the "Annual Meeting"). There are 4 key proposals the company would like the stockholders to approve (see later section). "Our company benefits from the strong engagement and support of our stockholders and these 4 key proposals need your crucial 'yes' vote to enable us to achieve our 'alchemy of
Bitmine is currently working with 3 staking providers as the company moves towards unveiling its commercial MAVAN (Made in America VAlidator Network) in 2026. As of December 28, 2025, Bitmine total staked ETH stands at 408,627 (
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 671,268 BTC valued at
"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
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 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
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 many ETH does Bitmine (BMNR) hold as of Dec 28, 2025?
What is Bitmine's total crypto, cash and moonshots value reported on Dec 28, 2025?
When and where is Bitmine's BMNR Annual Meeting for 2026?
What staking progress did Bitmine (BMNR) report and when will MAVAN launch?
What shareholder votes are on Bitmine's Jan 15, 2026 agenda (BMNR)?
How much daily trading volume did BMNR average at year-end 2025?
