Bitmine Immersion Technologies Inc. (NYSE AMERICAN: BMNR) has announced its total crypto and cash holdings have reached $13.2 billion, with its Ethereum (ETH) holdings now constituting 3.37% of the entire ETH supply. As of December 21, 2025, at 3:00 PM ET, the company's portfolio includes 4,066,062 ETH, valued at $2,991 per token, 193 Bitcoin (BTC), a $32 million stake in Eightco Holdings (NASDAQ: ORBS) classified as "moonshots," and $1.0 billion in cash.
This milestone of exceeding 4 million ETH tokens was achieved in just 5.5 months, with the company adding 98,852 ETH in the past week alone. Thomas "Tom" Lee, Chairman of Bitmine and founder of Fundstrat, stated the company is making "rapid progress" toward its stated goal of acquiring 5% of the ETH supply, a target he refers to as the "alchemy of 5%." Lee emphasized Bitmine's role as "a key entity bridging Wall Street's move onto the blockchain via tokenization" and its engagement with leaders in the decentralized finance (DeFi) community.
The announcement solidifies Bitmine's position as the world's largest Ethereum treasury and the #2 global crypto treasury overall, trailing only MicroStrategy Inc. (MSTR), which holds 671,268 BTC valued at $59 billion. Lee also provided an update on the company's staking initiative, The Made in America Validator Network (MAVAN), describing it as a "best-in-class" secure staking infrastructure solution slated for deployment in early 2026.
Bitmine's stock (BMNR) has seen significant trading activity, ranking as the 66th most traded stock in the U.S. with an average daily dollar volume of $1.7 billion over a five-day period ending December 19, 2025. The company is backed by a notable group of institutional investors, including ARK Invest's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group (DCG), and Galaxy Digital.
The company will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026. The agenda includes electing eight directors, approving a charter amendment to increase authorized shares, approving a 2025 Omnibus Incentive Plan, and a non-binding advisory vote on executive compensation.
