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Bitmine Immersion adds 33,000 ETH, bringing
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Bitmine Immersion adds 33,000 ETH, bringing
Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion
Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion
Led by Chairman Tom Lee, the company now holds 4.14 million ether (ETH), or 3.4% of the total supply.
By Francisco Rodrigues|Edited by Stephen Alpher
Jan 5, 2026, 2:57 p.m.
(CoinDesk)
What to know:
- Bitmine Immersion Technologies (BMNR) added 33,000 ether, now holding over 4.14 million tokens.
- The company's crypto and cash holdings total $14.2 billion.
- Bitmine has staked 659,219 ETH and plans to increase this figure with the launch of its in-house validator, MAVAN, which is expected to generate over $1 million per day in staking rewards.
Bitmine Immersion Technologies (BMNR) has announced that it now holds more than 4.14 million ether ETH$3,185.32, approximately 3.43% of the total supply, as it continues to accumulate tokens in an effort to reach its 5% target.
The company’s crypto and cash holdings now total $14.2 billion, including $915 million in cash, 192 BTC and a $25 million stake in Eightco Holdings (ORBS), according to a press release.
STORY CONTINUES BELOW
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Led by Chairman Tom Lee, Bitmine added nearly 33,000 ETH to its treasury during over the past week. Lee has predicted that the price of ether will go as high as $250,000 if bitcoin eventually reaches $1 million.
As of January 4, Bitmine had staked 659,219 ETH, equivalent to approximately $2.1 billion worth. The firm, which currently collaborates with three staking providers, aims to expand this number through the launch of its in-house validator, known as the Made in America Validator Network (MAVAN). It’s set to go live in early 2026.
If fully staked at current rates, the BitMine projects over $1 million per day in staking rewards, given the current Composite Ether Staking Rate (CESR) of around 2.82%.
BMNR’s shares are up 4.4% in early action Monday alongside a rise in the price of ether to $3,171.
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