Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.243 Million Tokens, and Total Crypto and Total Cash Holdings of $12.8 Billion

Rhea-AI Summary

Bitmine Immersion Technologies (NYSE: BMNR) reported combined crypto, cash and "moonshots" holdings of $12.8 billion as of Jan 25, 2026. Holdings include 4,243,338 ETH (priced at $2,839/ETH), 193 BTC, a $200 million stake in Beast Industries, $19 million in Eightco Holdings, and total cash of $682 million. Bitmine's ETH equals 3.52% of total ETH supply and total staked ETH is 2,009,267 (valued at $5.7 billion). The company closed its initial $200 million Beast investment on Jan 15, 2026 and will carry it at cost. Bitmine reported strong trading liquidity with a 5-day average daily dollar volume of $1.2 billion, ranking it #91 by volume among US stocks.

Positive

• Total crypto + cash + moonshots holdings of $12.8B
• Owns 4,243,338 ETH (3.52% of ETH supply)
• Total staked ETH 2,009,267 valued at $5.7B
• Closed $200M initial investment into Beast Industries
• 5-day average daily dollar volume of $1.2B (rank #91 US)

Negative

• Beast Industries investment will be carried at cost, indicating unrealized valuation exposure
• Major concentration in ETH holdings (4.243M tokens, 3.52% supply) increases exposure to ETH price moves
• MAVAN staking solution is not yet deployed and is slated for early 2026, creating implementation timing risk
• Staked ETH yield estimate depends on CESR 2.81% and future staking conditions

News Market Reaction

-1.43%

4 alerts

-1.43% News Effect

+3.8% Peak Tracked

-$4M Valuation Impact

$286M Market Cap

0.3x Rel. Volume

On the day this news was published, ORBS declined 1.43%, reflecting a mild negative market reaction. Argus tracked a peak move of +3.8% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $286M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total crypto + cash + moonshots: $12.8 billion ETH holdings: 4,243,338 ETH Total cash: $682 million +5 more

8 metrics

Total crypto + cash + moonshots $12.8 billion Company-wide holdings as of Jan 25, 2026

ETH holdings 4,243,338 ETH Company crypto holdings at $2,839 per ETH

Total cash $682 million Cash component of treasury as of Jan 25, 2026

Bitcoin holdings 193 BTC Part of company’s crypto holdings

Staked ETH 2,009,267 ETH (~$5.7 billion) Staked at $2,839 per ETH as of Jan 25, 2026

Beast Industries investment $200 million Equity investment reflected in moonshots

ETH supply reference 120.7 million ETH Used to state Bitmine’s 3.52% share of supply

Estimated annual staking fee $374 million At 2.81% CESR when Bitmine ETH fully staked

Market Reality Check

Price: $1.31 Vol: Volume 28,106,201 is 0.69...

low vol

$1.31 Last Close

Volume Volume 28,106,201 is 0.69x the 20-day average of 40,820,604, indicating lighter pre-news trading. low

Technical Shares traded below the 200-day MA, with price at 28.745 vs 200-day MA of 33.68 before this update.

Peers on Argus

BMNR was down 0.35% pre-news while key peers in Capital Markets such as IREN (+8...

BMNR was down 0.35% pre-news while key peers in Capital Markets such as IREN (+8.25%) and MARA (+2.34%) were mostly positive, suggesting stock-specific dynamics rather than a uniform sector move.

Previous Crypto Reports

5 past events · Latest: Jan 15 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Beast equity investment	Neutral	-5.5%	Announced <b>$200 million</b> equity investment in Beast Industries and meeting materials.
Jan 12	Crypto holdings update	Positive	+3.6%	Reported <b>$14.0 billion</b> holdings and <b>4,167,768 ETH</b> with higher staking levels.
Jan 05	Crypto holdings update	Positive	+6.9%	Disclosed <b>$14.2 billion</b> total holdings and <b>4,143,502 ETH</b> with rising cash.
Dec 22	Crypto holdings update	Positive	-0.9%	Reported <b>$13.2 billion</b> holdings and <b>4,066,062 ETH</b> plus strong trading volume.
Dec 08	Crypto holdings update	Positive	+5.2%	Announced <b>$13.2 billion</b> holdings and <b>3,864,951 ETH</b> with rapid weekly accumulation.

Pattern Detected

Recent crypto-tag updates show BMNR often moving meaningfully on treasury and ETH news, with mixed direction but a tendency toward sizable reactions, both positive and negative, around large ETH accumulation and treasury disclosures.

Recent Company History

Over the past two months, BMNR has repeatedly updated the market on its Ethereum-focused treasury strategy. Crypto-tag releases on Dec 8, 2025, Dec 22, 2025, Jan 5, 2026, and Jan 12, 2026 highlighted rising ETH holdings, growing cash balances, and staking progress. A $200 million Beast Industries investment was announced on Jan 15, 2026. The current disclosure of $12.8 billion in crypto, cash, and “moonshots” continues this pattern of large-scale ETH accumulation and staking expansion.

Historical Comparison

crypto

+4.4 %

Average Historical Move

Historical Analysis

Across five recent crypto-tag updates, BMNR’s average 1-day move was about 4.41%, with both strong rallies and selloffs following large ETH and treasury disclosures.

Typical Pattern

Crypto-tag releases from Dec 8, 2025 through Jan 12, 2026 show ETH holdings rising from 3,864,951 to 4,167,768 and cash fluctuating around $1.0–$0.9B, while today’s update lifts ETH to 4,243,338 and staked ETH to 2,009,267. Together with a $200 million Beast Industries investment and work toward the MAVAN staking network, this marks a steady build-out of an ETH-centric treasury and staking platform.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-07-28

The company has an effective S-3ASR shelf registration filed on 2025-07-28, with at least 2 prospectus supplements (Form 424B5) used in 2025. This provides a mechanism for additional securities offerings, but no shelf capacity amounts are specified here.

Market Pulse Summary

This announcement details Bitmine’s scale as an ETH-centric treasury, reporting $12.8 billion in com...

Analysis

This announcement details Bitmine’s scale as an ETH-centric treasury, reporting $12.8 billion in combined crypto, cash, and “moonshots,” including 4,243,338 ETH and 2,009,267 staked tokens. It also highlights progress toward the MAVAN staking network and a recent $200 million investment in Beast Industries. Compared with prior crypto-tag updates, the story continues a rapid build-out of ETH exposure and staking. Investors may watch future disclosures on staking revenue, treasury composition, and regulatory developments around digital assets.

Key Terms

staking, tokenization, blockchain, composite ethereum staking rate, +4 more

8 terms

staking technical

"Bitmine staked ETH stands at 2,009,267 and MAVAN staking solution..."

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.

tokenization technical

""Tokenization is necessary… if we have one common blockchain...""

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.

blockchain technical

"Wall Street has embraced crypto and blockchain assets and sees the convergence..."

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

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

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

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.

ethbtc technical

"Ethereum's price ratio to Bitcoin, or ETHBTC, has been steadily climbing..."

ethbtc is the price ratio showing how much Bitcoin is needed to buy one unit of Ethereum, quoted as ETH/BTC on exchanges. Think of it like the price of apples expressed in oranges: it tells you the value of one crypto in terms of another rather than in dollars. Investors use it to compare relative performance, shift exposure between assets without touching fiat, and spot trading or hedging opportunities.

digital assets technical

"much of the conversation included digital assets and crypto."

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

tokenized infrastructure technical

"framed as operational learning toward tokenized infrastructure."

Tokenized infrastructure is the practice of converting rights in physical or digital infrastructure—like power plants, towers, or data centers—into small digital tokens that can be bought, sold, or managed on a secure digital ledger. For investors it matters because tokenization can split big projects into affordable pieces, increase the ease of trading and tracking ownership, and make returns or fees programmable, much like turning a building into many small, tradable shares, though it also brings new technology and regulatory risks.

AI-generated analysis. Not financial advice.

Bitmine staked ETH stands at 2,009,267 and MAVAN staking solution on track to launch Q1 2026

Bitmine now owns 3.52% of the ETH token supply, nearly 70% of the way to the 'Alchemy of 5%' in just 6 months

Bitmine recently closed on initial $200 million investment into Beast Industries

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $12.8 billion, including 4.243 million ETH tokens, total cash of $682 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 91st most traded stock in the US, trading $1.2 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. 26, 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 $12.8 billion.

As of January 25th at 8:00pm ET, the Company's crypto holdings are comprised of 4,243,338 ETH at $2,839 per ETH (Coinbase), 193 Bitcoin (BTC), $200 million stake in Beast Industries, $19 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $682 million. Bitmine's ETH holdings are 3.52% of the ETH supply (of 120.7 million ETH).

Bitmine invested $200 million into Beast Industries on January 15, 2026 and the initial investment closed this past week and is currently reflected in the 'moonshots.' After the closing of the transaction, the company will initially carry the Beast Industry investment at cost.

Policymakers and world business leaders met in Davos this past week, and while AI was the central agenda, much of the conversation included digital assets and crypto. "One of my takeaways from listening to speeches and media reports from Davos, it is clear to me that Wall Street has embraced crypto and blockchain assets and sees the convergence of traditional assets and digital assets. And similarly between crypto and AI convergence," said Thomas "Tom" Lee, Chairman of Bitmine.

A selection of crypto and digital assets related comments from Davos are highlighted below:

• President Donald Trump said: "Congress is working very hard on crypto market structure legislation, Bitcoin, all of them, which I hope to sign very soon, unlocking new pathways for Americans to reach financial freedom."
• Larry Fink, the CEO of BlackRock CEO said on a WEF Davos panel: "Tokenization is necessary… if we have one common blockchain, we could reduce corruption."
• David Sacks, White House Chief of Artificial Intelligence and Cryptocurrency, remarked: "In the long run, banking and crypto will cease to be separate worlds and will transform into 'a single digital asset industry.'"
• Sergio Ermotti, CEO of UBS said: "Blockchain is the future for traditional banking… You will see a convergence."
• Bill Winters, CEO of Standard Chartered commented: "Most things will settle in digital form... we're at a major inflection point... this is the year when this is happening in scale."
• François Villeroy de Galhau, Governor of the Bank of France, stated: "Tokenization... will bring progress in global finance, delivery versus payments, diminish cost of financial transactions... it will develop for the better."
• Bermuda announced plans to transition its entire national economy to run "fully on-chain," using USDC as a primary medium of exchange and public blockchain infrastructure for government services.
• SWIFT and Chainlink announced an interoperability milestone demonstrating that legacy banking systems (via Swift) can now successfully settle transactions on public blockchains without needing to overhaul their entire existing IT stack.
• Valérie Urbain, Euroclear Belgium CEO, cited tokenization as "real" capital-markets plumbing, not a pilot toy. His session highlighted Euroclear's commercial paper tokenization work in France at large scale, framed as operational learning toward tokenized infrastructure.

"In 2016, the story of Davos was AI and the fourth industrial revolution and in the decade since, we have witnessed the massive growth of AI and data centers and complete pivots by nations.  A decade later, we view 2026 as the year policymakers and world leaders now view digital assets as central to the future of the financial system. And as Larry Fink notes, this is positive for smart blockchains. Ethereum remains the most widely used by Wall Street today and most reliable blockchain with zero downtime since inception," stated Lee.

"In the past week, we acquired 40,302 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/)."

Last week, Bitmine 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 25, 2026, Bitmine total staked ETH stands at 2,009,267 ($5.7 billion at $2,839 per ETH). This is an increase of 171,264 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 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 709,715 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 $1.2 billion (5-day average, as of January 9, 2026), ranking #91 in the US, behind Accenture (rank #90) and ahead of PepsiCo (rank #92) 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-243-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-8-billion-302669744.html

SOURCE BitMine Immersion Technologies, Inc.

FAQ

How much crypto does Bitmine (BMNR) hold as of Jan 25, 2026?

Bitmine reported total crypto, cash and moonshots of $12.8 billion, including 4,243,338 ETH and 193 BTC.

What percentage of the Ethereum supply does Bitmine (BMNR) own?

Bitmine's ETH holdings equal 3.52% of the total ETH supply (based on 120.7 million ETH).

How much ETH has Bitmine staked and what is it worth?

Bitmine has staked 2,009,267 ETH, valued at approximately $5.7 billion at $2,839 per ETH.

When will Bitmine's MAVAN staking solution launch and why does it matter?

The MAVAN (Made in America Validator Network) deployment is planned for early 2026; it matters because MAVAN will host Bitmine's commercial staking infrastructure.

What is the size and status of Bitmine's Beast Industries investment (BMNR)?

Bitmine made an initial $200 million investment in Beast Industries on Jan 15, 2026, which is currently carried at cost.

How liquid is BMNR stock compared with other US stocks?

BMNR traded an average of $1.2 billion per day (5-day avg), ranking #91 in the US by dollar volume.