Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.203 Million Tokens, and Total Crypto and Total Cash Holdings of $14.5 Billion

Rhea-AI Summary

Bitmine Immersion Technologies (NYSE: BMNR) reported crypto + total cash + "moonshots" holdings of $14.5 billion as of Jan 19, 2026. Holdings include 4,203,036 ETH (priced at $3,211/ETH), 193 BTC, a $22 million stake in Eightco Holdings, and total cash of $979 million. Bitmine's ETH equals 3.48% of total ETH supply. Staked ETH totals 1,838,003 (estimated $5.9 billion at $3,211/ETH). The company announced a $200 million investment in Beast Industries and said stockholders approved all proposals on Jan 15, 2026, with Proposal 2 passing 81% yes. MAVAN staking solution is on track to launch in early 2026.

Positive

• Crypto + cash + moonshots total $14.5 billion
• 4,203,036 ETH holdings (3.48% of ETH supply)
• Staked 1,838,003 ETH (~$5.9 billion at $3,211/ETH)
• Acquired 35,268 ETH in the past week
• Stockholder approval: Proposal 2 passed with 81% yes

Negative

• Authorized shares increase approved (Proposal 2), creating dilution potential
• High asset concentration: 4.2M ETH represents 3.48% of supply

News Market Reaction

-4.35%

9 alerts

-4.35% News Effect

+6.6% Peak Tracked

-7.9% Trough Tracked

-$14M Valuation Impact

$319M Market Cap

0.3x Rel. Volume

On the day this news was published, ORBS declined 4.35%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.6% during that session. Argus tracked a trough of -7.9% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $14M from the company's valuation, bringing the market cap to $319M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total crypto + cash + moonshots: $14.5 billion ETH holdings: 4,203,036 ETH Total cash: $979 million +5 more

8 metrics

Total crypto + cash + moonshots $14.5 billion Holdings as of January 19, 2026

ETH holdings 4,203,036 ETH Crypto holdings at $3,211 per ETH

Total cash $979 million Cash position within $14.5B total holdings

Eightco stake $22 million Moonshot investment in Eightco Holdings (ORBS)

Staked ETH 1,838,003 ETH Staked value $5.9B at $3,211 per ETH

ETH supply share 3.48% Share of 120.7 million ETH total supply

Annual staking fee potential $374 million At CESR 2.81% when ETH fully staked

Proposal 2 support 81% of votes cast; 52.2% of shares outstanding Vote to increase authorized shares

Market Reality Check

Price: $1.46 Vol: Volume 41,519,397 is in l...

normal vol

$1.46 Last Close

Volume Volume 41,519,397 is in line with 20-day average 42,235,449 (relative volume 0.98x). normal

Technical Price at 31.16 trades below 200-day MA of 33.21 despite sizeable crypto and cash holdings.

Peers on Argus

BMNR was modestly higher (0.94%) while key capital markets peers like IREN (10.3...

BMNR was modestly higher (0.94%) while key capital markets peers like IREN (10.39%) and MARA (6.27%) posted stronger gains, suggesting today’s move is more stock-specific than a broad sector rotation.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Beast investment	Positive	-5.5%	$200 million equity investment into Beast Industries and meeting details.
Jan 12	Crypto holdings update	Positive	+3.6%	Reported $14.0B crypto, cash and moonshots, plus rising ETH and staked ETH.
Jan 09	Management change	Positive	-3.9%	Appointed new CFO/COO and updated progress toward 5% ETH supply target.
Jan 05	Crypto holdings update	Positive	+6.9%	Detailed $14.2B crypto and cash mix and increased staked ETH levels.
Jan 02	Proxy and charter	Positive	+14.9%	Chairman’s message urging YES vote on massive authorized share increase.

Pattern Detected

Recent positive crypto and corporate updates have produced mixed reactions, with 3 aligned and 2 divergent moves over the last five news events.

Recent Company History

Over the last few months, Bitmine has repeatedly highlighted rapid ETH accumulation, growing from 3.86M+ ETH in Dec 2025 to above 4.16M by Jan 11, 2026, while maintaining large cash balances and ‘moonshot’ equity stakes. The company also pushed a major Charter Amendment to increase authorized shares and appointed a new CFO/COO. A $200 million Beast Industries investment followed. Today’s update extends this ETH-treasury narrative, adds detailed staking metrics, and confirms strong shareholder backing for increased authorized shares.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-07-28

Bitmine has an effective S-3ASR shelf filed on 2025-07-28, expiring 2028-07-28, with at least two recorded usages via 424B5 supplements in 2025, indicating the company has pre-established capacity to raise capital as needed.

Market Pulse Summary

This announcement underscores Bitmine’s role as a large ETH-focused treasury, detailing $14.5B in co...

Analysis

This announcement underscores Bitmine’s role as a large ETH-focused treasury, detailing $14.5B in combined crypto, cash and moonshot holdings, plus 1.84M staked ETH and significant potential staking fees at a 2.81% CESR. Strong support for increasing authorized shares highlights shareholder alignment with its accumulation strategy. Recent history shows sizable stock reactions to similar crypto-tag updates, so investors may watch future disclosures on ETH balances, staking rollout, and capital-raising activity for additional signals.

Key Terms

eth, bitcoin, staking, composite ethereum staking rate, +3 more

7 terms

eth technical

"Bitmine's crypto holdings are comprised of 4,203,036 ETH at $3,211 per ETH"

ETH is the native digital currency of the Ethereum blockchain, used to pay for transactions and to run programs on that network. For investors it matters because owning ETH is both a way to access and use the platform (like buying fuel to run an app) and a speculative asset whose price reflects demand for the network, changes to its supply rules, and broader crypto market sentiment.

bitcoin technical

"comprised of 4,203,036 ETH at $3,211 per ETH (Coinbase), 193 Bitcoin (BTC)"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

staking technical

"Bitmine staked ETH stands at 1,838,003 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.

mavan (made in america validator network) technical

"commercial MAVAN (Made in America VAlidator Network) in 2026."

A Made in America Validator Network (MAVAN) is a system—often digital and independently run—that checks and certifies whether products or components were actually manufactured in the United States. Think of it like a passport or stamp of origin that uses records and audits to prove claims, helping buyers, regulators and business partners trust the product’s origin. Investors care because MAVAN certification can affect a company’s access to government contracts, eligibility for incentives, exposure to tariffs or supply-chain risk, and customer reputation, all of which influence revenue and valuation.

treasury financial

"Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury"

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

project crypto regulatory

"the SEC's ("the SEC") Project Crypto are as transformational to financial services"

A project crypto is a digital initiative built on blockchain technology that issues a token or coin and aims to provide a specific service or function—such as payments, data storage, decentralized finance, or a digital community. Investors care because tokens represent potential value tied to user adoption, utility, and governance rules; like buying a stake in a new app, the success or failure of the project affects token price and investment risk.

AI-generated analysis. Not financial advice.

Stockholders vote YES on all proposals, with 81% of the voting shares voting in favor of proposal #2

Bitmine staked ETH stands at 1,838,003 and MAVAN staking solution on track to launch Q1 2026

Bitmine now owns 3.48% of the ETH token supply, nearly 70% of the way to the 'Alchemy of 5%' in just 6 months

Bitmine recently announced $200 million investment into Beast Industries

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $14.5 billion, including 4.203 million ETH tokens, total cash of $979 million, and other crypto holdings

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 60th most traded stock in the US, trading $1.5 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. 20, 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 $14.5 billion.

As of January 19th at 5:00pm ET, the Company's crypto holdings are comprised of 4,203,036 ETH at $3,211 per ETH (Coinbase), 193 Bitcoin (BTC), $22 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $979 million. Bitmine's ETH holdings are 3.48% of the ETH supply (of 120.7 million ETH).

Bitmine invested $200 million into Beast Industries on January 15, 2026. This investment is expected to close this week and is not currently reflected in the 'moonshots.' After the closing of the transaction, the company will initially carry the Beast Industry investment at cost.

"Because MrBeast and Beast Industries are privately held, investors may not be aware of the tremendous reach of MrBeast," said Thomas 'Tom' Lee, Chairman of Bitmine. "Mr. Beast is the most widely watched creator in the World and each of his bi-monthly videos garner ~250 million views, and consider the Super Bowl garners 252 million views. Each of his videos is the equivalent of two Super Bowls monthly. Moreover, Mr. Beast YouTube content has a usage score of 13.1, dwarfing Disney's 9.7 and Netflix's 8.7. In other words, his audience is 35% than all of Disney's media and 50% larger than Netflix. This massive reach shows MrBeast and Beast Industries is the leading content creator of our generation, with a reach and engagement unmatched with GenZ, GenAlpha and Millennials. Beast Industries is the world's largest and most innovative creator-led platform, and we're strongly aligned around values, vision, and long-term impact."

"In the past week, we acquired 35,268 ETH," continued Lee. "Ethereum's price ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this reflects investors recognizing tokenization and other use cases being developed by Wall Street are being built on Ethereum. To appreciate the scale of Wall Street building on Ethereum, the Ethereum foundation listed 35 examples of major financial institutions building on Ethereum in just the past few months on this website (https://institutions.ethereum.org/)."

Bitmine is also pleased to announce that all 4 proposals were passed by stockholders on January 15, 2026. Each of the 4 proposed measures received overwhelming support by stockholders. Proposal 2, the vote to increase authorized shares was passed with 81% of votes cast "yes" and this represented 52.2% of total outstanding shares voting in favor of this increase.

"We view the fact that 81% of votes cast favored increasing authorized shares, Proposal 2, is a message from Bitmine stockholders that they understand our accretive ETH accumulation strategy. As we have stated multiple times, we have not, nor intend to, sell shares below mNAV," said Lee.

"We appreciate the engagement and action by the Bitmine stockholder community. There are over 500,000 individual stockholders and over 52.2% of all shares outstanding voted 'yes.' To me, this is a testament to the engagement and trust by our stockholders. We will continue to work hard to deliver positive stockholder returns," continued Lee.

Bitmine today released its January Chairman's message (link). This message is the presentation that Mr. Lee gave at the company's 2026 annual stockholder's meeting on January 15, 2026 at the Wynn Encore Las Vegas.  

As of January 19, 2026, Bitmine total staked ETH stands at 1,838,003 ($5.9 billion at $3,211 per ETH). This is an increase of 581,920 in the past week. This is a fraction of the 4.2 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.

"Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annually (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 $1.5 billion (5-day average, as of January 9, 2026), ranking #60 in the US, behind American Express (rank #59) and ahead of Accenture (rank #61) among 5,704 US-listed stocks (statista.com and Fundstrat research).

The GENIUS Act and Securities and Exchange Commission's ("the SEC") 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 Chairman's message can be found here:
https://www.bitminetech.io/chairmans-message

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

Select images from Bitmine's Annual Meeting can be found here.

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

About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The company will launch MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.

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 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 does Bitmine (BMNR) hold as of Jan 19, 2026?

Bitmine reports crypto + total cash + moonshots of $14.5 billion, including 4,203,036 ETH and 193 BTC.

What percent of ETH supply does Bitmine (BMNR) own on Jan 19, 2026?

Bitmine's ETH holdings equal 3.48% of the ETH supply (4,203,036 ETH of 120.7 million).

How much ETH has Bitmine (BMNR) staked and what is its value?

Bitmine has staked 1,838,003 ETH, valued at about $5.9 billion using $3,211 per ETH.

When will Bitmine's MAVAN staking solution launch for BMNR investors?

Bitmine said the MAVAN (Made in America Validator Network) staking solution is on track to deploy in early 2026.

What was the shareholder vote outcome for Bitmine (BMNR) on Jan 15, 2026?

All four proposals passed; Proposal 2 to increase authorized shares received 81% yes of votes cast.

Did Bitmine (BMNR) make any major investments in January 2026?

Yes. Bitmine announced a $200 million investment into Beast Industries on Jan 15, 2026, expected to close this week.