Bitmine now controls more than 3% of total ETH supply as it moves towards a 5% target.
Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has confirmed that its combined crypto assets, cash reserves, and selected equity positions now total $13.2 billion. The company continues to build one of the largest crypto balance sheets held by a listed firm.
As of 21 December at 3:00pm ET, Bitmine held 4,066,062 Ethereum tokens, valued at $2,991 per ETH based on Coinbase pricing. The company also owned 193 Bitcoin, held $1.0 billion in cash, and reported a $32 million stake in Eightco Holdings (NASDAQ: ORBS), described as a “moonshots” investment. Bitmine’s ETH position represents 3.37% of the total Ethereum supply of 120.7 million tokens.
“Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week, and Bitmine holdings now exceed the crucial 4 million ETH tokens. This is a tremendous milestone achieved after just 5.5 months,” said Thomas “Tom” Lee of Fundstrat, Chairman of Bitmine. “We are making rapid progress towards the ‘alchemy of 5%’ and we are already seeing the synergies borne from our substantial ETH holdings. We are a key entity bridging Wall Street’s move onto the blockchain via tokenization. And we have been heavily engaged with the key entities driving cutting edge development in the defi community.”
With these holdings, Bitmine ranks as the largest Ethereum treasury in the world and the second-largest crypto treasury overall. Only Strategy Inc. (MSTR), which holds 671,268 Bitcoin valued at around $59 billion, ranks ahead.
“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 company also pointed to recent regulatory developments, stating that the GENIUS Act and the SEC’s Project Crypto represent a major shift for financial markets. Bitmine compared their impact to the 1971 decision to end the Bretton Woods system, which reshaped global finance and led to the modern structure of Wall Street and payment networks.
Bitmine’s shares now trade at high volume compared with most US-listed companies. Data from Fundstrat shows average daily trading of $1.7 billion over five days as of 19 December 2025. This places BMNR as the 66th most traded stock in the US, ranking just behind Wells Fargo and ahead of Chevron among more than 5,700 listed companies.
The company will hold its annual stockholders’ meeting at the Wynn Las Vegas on 15 January 2026. Bitmine remains backed by a group of institutional and individual investors, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas “Tom” Lee, as it continues its stated goal of acquiring 5% of the total ETH supply.
Bitmine will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026. The company encourages stockholders to vote and attend its in-person Annual Meeting for Stockholders (“Annual Meeting”) held at the Wynn Las Vegas on January 15, 2026. Details and the agenda for this year’s 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:
- Elect eight (8) directors for the next year;
- Approve the charter amendment to increase the number of authorized shares of common stock;
- Approve the 2025 Omnibus Incentive Plan; and
- 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/
