Bitmine Immersion Technologies disclosed that its ethereum holdings climbed to more than 4.16 million tokens as of Jan. 11, 2026, lifting the company’s combined crypto and cash assets to about $14 billion. This balance includes roughly 4.17 million ETH, $988 million in cash, 193 BTC and a $23 million equity stake classified as “moonshots,” based on pricing reported at that date.
Bitmine's Ethereum Holdings Reach 4.16 Million Tokens
The company said its ETH position represents approximately 3.45% of the total Ethereum supply, placing Bitmine among the largest single holders of the asset. Bitmine framed this accumulation as part of its strategy to grow ETH per share while keeping flexibility to issue equity selectively and at a premium to net asset value.
Recent Acquisitions and Financial Growth
Over the past week, Bitmine reported acquiring 24,266 ETH and increasing its cash balance by $73 million, changes that contributed to the roughly $14 billion total in crypto and cash holdings. For additional background on the company’s purchases and prior updates, see the purchase details and earlier coverage.
Staking Activities and Future Plans
A portion of Bitmine’s ethereum holdings is allocated to staking: as of Jan. 11 the firm reported 1,256,083 ETH staked, valued at roughly $3.9 billion, with staking activity increasing by nearly 597,000 ETH in one week. The company said it is working with multiple staking providers while preparing to launch its Made in America Validator Network (MAVAN), which is expected to begin commercial operations in early 2026; for context on recent balance changes, see a previous holdings update.
Company Strategy and Shareholder Meeting
Chairman Tom Lee reiterated that Bitmine prioritizes growing ETH per share and retains the option to issue equity only selectively and at a premium to mNAV. The company also said it has characterized itself as the largest “fresh money” buyer of ETH globally during the reported period.
Bitmine will hold its annual shareholder meeting on Jan. 15 in Las Vegas, where investors are scheduled to vote on a proposal to increase authorized shares — a step the company says is needed to support its ethereum-focused treasury approach; more on the proposed share increase is available here.
Why this matters
For miners, large institutional accumulations and staking by a single firm can influence market dynamics and the distribution of staked ETH, even if indirect. Bitmine’s holdings and staking activity are notable because they represent a sizable, consolidated position and a significant amount of ETH taken out of liquid supply for staking.
At the same time, the company’s public plan to ramp staking and launch MAVAN signals growing institutional participation in validator services, which may affect the broader staking landscape and service availability over time.
What to do?
- Monitor liquidity and market signals: track large public holders and staking announcements to understand potential impacts on ETH availability and staking rewards.
- Assess staking options: if you run 1–1,000 devices, compare custodial and non‑custodial staking providers and their terms before committing ETH to stake.
- Review operational readiness: keep firmware and software updated, ensure reliable power and backups, and document costs so staking or shifts in market conditions won’t catch you unprepared.
- Follow corporate actions that may matter to treasury strategy: if you own stock or consider investment, note the Jan. 15 shareholder meeting about authorized shares and related company announcements.
