Bitmine Amasses 3.41% of Ethereum Supply, Eyes Staking Windfall

• Bitmine Immersion (BMNR) owns 4,110,525 Ethereum worth 13.2 billion dollars, which it claims is the largest ETH treasury held by any public company.
• The company controls roughly 3.41% of all Ethereum in circulation and has set a long-term goal to own 5% of the total supply.
• To earn extra income, Bitmine is already staking over 1.2 billion dollars of its ETH and plans to launch its own American-based validator network in early 2026.

Bitmine Immersion Technologies (BMNR) said its crypto and cash pile is now worth about US$13.2 billion (AU$20.1 billion), mostly from a large Ethereum (ETH) holding. The company now owns 4,110,525 ETH, which it describes as the biggest ETH treasury held by a public company.

Moreover, Bitmine said that amount equals about 3.41% of Ethereum’s circulating supply, which it put at roughly 120.7 million ETH. It said this is part of a longer-term goal to reach 5% of the supply.

Alongside Ether, Bitmine reported 192 Bitcoin, US$1 billion (AU$1.5 billion) in cash, and a US$23 million (AU$35.2 million) stake in Eightco Holdings.

Bitmine sole focus remains creating stockholder value, achieving this by accretively acquiring ETH per share, optimizing yield and income on its ETH holdings, and strategically investing the balance sheet on ‘moonshots’ and leveraging the company’s strong community and market position to generate additional returns.

Tom Lee, Bitmine Chairman.

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Over 400K ETH Staked

The company said it is already using some of its ETH to earn staking rewards. It reported 408,627 ETH staked, valued at about US$1.2 billion (AU$1.8 billion). 

Staking is when ETH is locked up to help run the network, in return for yield. Bitmine said it is working with three providers and plans to launch its own “Made in America Validator Network” in early 2026. Using a 2.81% staking rate, chairman Thomas Lee estimated fully staking the Ether position could generate about US$374 million (AU$572 million) a year.

Lee also said the company is watching late-December selling tied to tax-loss activity. Separately, Bitmine said its annual shareholder meeting is set for Jan. 15, 2026, at Wynn Las Vegas, and it is asking investors to support four proposals linked to its long-term plan.

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