Bitmine’s Ether Holdings Top 4.1 Million, Total Assets Reach $13.2 Billion

Tom Lee’s publicly traded miner and treasury firm, Bitmine Immersion Technologies (BMNR), now holds more than 3% of Ethereum’s circulating supply and is accelerating its staking plans.

In a Monday release, Bitmine said its combined crypto, cash, and high-risk “moonshot” investments total $13.2 billion, driven by its ETH position exceeding 4.1 million tokens. The firm is now the world’s largest publicly owned ether treasury and the second-largest corporate crypto treasury after bitcoin-focused Strategy (MSTR).

As of Dec. 28, Bitmine’s portfolio included 4,110,525 ETH, 192 BTC, a $23 million stake in Eightco Holdings, and $1 billion in cash, representing 3.41% of Ethereum’s circulating supply. The company is two-thirds of the way to its “alchemy of 5%” target.

Bitmine has staked 408,627 ETH ($1.2 billion) and is preparing to launch its Made in America Validator Network (MAVAN) in early 2026. At a 2.81% staking rate, fully staking its ETH could generate about $374 million annually.

Chairman Thomas Lee emphasized continued ETH accumulation and navigating year-end tax-loss selling. Ether traded near $2,950 at publication.