Bitmine Amasses 4.17M ETH as Crypto and Cash Holdings Hit $14B
Bitmine Immersion Technologies has additional cemented its place as the most important company holder of Ether after including greater than 24,000 ETH to its steadiness sheet over the previous week.
Key Takeaways:
- Bitmine now controls about 4.17 million ETH, equal to roughly 3.4% of Ether’s circulating provide.
- The firm’s crypto and money holdings whole round $14 billion, with staking enjoying a rising function.
- A pending shareholder vote may decide Bitmine’s capacity to maintain increasing its ETH holdings.
In a statement released Monday, the corporate stated it bought 24,266 Ether through the week, bringing its whole ETH holdings to roughly 4.17 million tokens.
That determine represents about 3.4% of Ether’s circulating provide, underscoring the size of Bitmine’s presence available in the market.
Bitmine Reports $14B in Crypto and Cash Holdings
Alongside its rising crypto stack, Bitmine reported round $14 billion in mixed crypto and money holdings, together with almost $1 billion in money reserves.
Ether stays the cornerstone of the corporate’s technique, however Bitmine additionally holds 193 Bitcoin and a $23 million fairness stake in Eightco Holdings.
The steadiness sheet growth displays a broader push by the corporate to place itself as a long-term participant within the Ethereum ecosystem somewhat than a passive holder of digital belongings.
Staking has turn into an more and more essential a part of that technique. Bitmine disclosed that roughly 1.26 million ETH is now staked, a rise of almost 600,000 ETH from the earlier week.
Staking permits token holders to lock up belongings to assist safe the Ethereum community in alternate for yield. The firm is creating its personal staking platform, which it plans to deploy in early 2026.
The newest replace additionally revived calls from chairman Tom Lee for shareholders to approve an increase in licensed shares.
According to Lee, the corporate’s constitution requires a majority vote of excellent shares to maneuver ahead, and failure to safe approval may restrict Bitmine’s capacity to proceed buying Ether at scale.
The proposal is predicted to be a focus on the firm’s annual assembly scheduled for Thursday in Las Vegas.
Investors appeared to reply positively to the information. Bitmine shares rose about 3% in early buying and selling, whereas Ether was buying and selling close to $3,100, down roughly 3% over the previous week amid broader market softness.
Crypto Treasury Boom Leaves Digital Asset Holdings Highly Concentrated
Bitmine’s fast accumulation highlights a wider development amongst digital asset treasury corporations that gained momentum in 2025.
While dozens of corporations have adopted crypto-focused steadiness sheet methods, holdings stay closely concentrated.
Data from CoinGecko reveals Bitmine holding extra Ether than its closest rivals mixed, with Sharplink and The Ether Machine trailing far behind.
On the Bitcoin aspect, Strategy continues to dominate company BTC holdings, reinforcing a market dynamic the place a small variety of corporations wield outsized affect. Neither Strategy nor Bitmine has signaled any slowdown.
Bitmine has beforehand stated it’s focusing on possession of 5% of Ether’s whole provide, roughly 6 million ETH.
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