Bitmine Immersion Technologies reported holdings of 4.14 million Ethereum (ETH) tokens as of January 4, representing 3.43% of ETH's total supply.**
The NYSE American-listed company's crypto holdings include 4,143,502 ETH valued at $3,196 per token according to Coinbase pricing.
Total assets including cryptocurrency, cash, and other holdings reached $14.2 billion.
The company also holds 192 Bitcoin (BTC), a $25 million stake in Eightco Holdings, and $915 million in cash.
Read also: Cango Reports 569 Bitcoin Mined In December As Holdings Reach 7,528 BTC
What Happened
Bitmine acquired 32,977 ETH during the final week of 2025 according to the company announcement.
The company has 659,219 ETH currently staked, valued at approximately $2.1 billion.
Bitmine plans to launch its Made in America Validator Network staking solution in early 2026.
The company will hold its annual stockholder meeting at the Wynn Las Vegas on January 15, 2026.
Meeting agenda includes voting on increasing authorized shares and approving executive compensation arrangements.
Why It Matters
Bitmine operates as the largest public corporate Ethereum treasury by token count.
The company's ETH holdings represent approximately one-third of its stated goal to acquire 5% of Ethereum's total supply.
Ethereum's total circulating supply stands at approximately 120.7 million tokens.
The company averaged $1.1 billion in daily trading volume over a five-day period, ranking as the 44th most traded US stock according to company data.
Bitmine's business model focuses on cryptocurrency accumulation for long-term investment rather than active trading.
The staking infrastructure could generate recurring income from the company's Ethereum holdings once operational.
Read next: Strategy Acquires 1,286 Bitcoin For $116 Million To Start 2026 Buying Spree