BitMine Immersion Technologies Increases Ethereum Holdings to Nearly 4 Million Tokens, Over 3.2% of Total Supply
BitMine Immersion Technologies reported it holds approximately 3,967,210 Ethereum (ETH) tokens as of December 14, 2025, accounting for over 3.2% of the total ETH supply. This equates to roughly two-thirds of its internal target to own 5% of all ETH, a benchmark the company refers to as the “Alchemy of 5%.”
At the cited ETH price of $3,074 per token, BitMine's ETH holdings are valued at over $12 billion, making it a multibillion-dollar allocation within the company's overall portfolio. BitMine's total balance sheet stands around $13.3 billion, which also includes 193 Bitcoin (BTC), a $38 million stake in Eightco Holdings, and approximately $1.0 billion in cash reserves.
The firm benefits from backing by prominent institutional investors, including ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group, Kraken, Bill Miller III, and individual investor Tom Lee.
Looking ahead, BitMine plans to launch a staking initiative called MAVAN (Made in America Validator Network) in early 2026, aiming to generate yield on its substantial Ethereum stake. Furthermore, its 2026 shareholder meeting is scheduled for January 15, 2026, at Wynn Las Vegas, where company leaders will discuss treasury strategy, the staking rollout, and progress toward the 5% ETH ownership goal.
In terms of market activity, BitMine's stock (ticker BMNR) has seen an average daily trading volume of about $1.9 billion over the past five days, ranking it 41st in liquidity per Fundstrat measurements on U.S. exchanges.
