1. BitMine now holds over 3.2% of total ETH supply, aiming for 5%. 2. Total cash and crypto holdings amount to $13.2 billion, indicating strong liquidity. 3. Chairman forecasts robust demand for crypto in 2026, emphasizing market transformation. 4. BitMine ranked 37th in US stock trading, with 5-day average of $1.8 billion. 5. Institutional backing includes prominent investors like Cathie Wood and Tom Lee.
FAQ
Why Bullish?
The significant increase in ETH holdings indicates market confidence. Historical examples include stocks rising after major acquisitions or increased holdings.
How important is it?
The article outlines key strategic moves and forecasts that can drive BMNR's price upward.
Why Long Term?
The bullish outlook for 2026 positions BitMine well for future gains, similar to market uptrends following tech adoption.
BitMine Immersion Technologies (BMNR) Expands ETH Holdings, Totaling $13.2 Billion
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has announced a significant milestone, exceeding ownership of 3.86 million Ethereum (ETH) tokens, which accounts for over 3.2% of the total ETH supply. As of December 7, the company’s total holdings, including cash and other cryptocurrencies, sum up to a remarkable $13.2 billion.
Key Financial Metrics of BitMine
BitMine's crypto portfolio is notably substantial. As per the latest report, the company's holdings are as follows:
- 3,864,951 ETH valued at approximately $3,139 per ETH
- 193 Bitcoin (BTC)
- $1.0 billion in cash
- $36 million investment in Eightco Holdings (NASDAQ: ORBS)
Recent Acquisitions and Market Insights
Over the past week, BitMine has acquired an impressive 138,452 ETH tokens, marking a substantial 156% increase compared to the previous month. According to Thomas "Tom" Lee, Chairman of BitMine and Fundstrat, this proactive buying strategy is driven by expected price increases in ETH due to upcoming market catalysts, such as:
- The Fusaka upgrade (launched on December 3), enhancing scalability and security
- Federal Reserve's measures including the anticipated end of quantitative tightening and potential interest rate cuts
Outlook and Future Plans
In his December Chairman’s message, titled “The Crypto Supercycle is Intact,” Lee emphasizes the growing demand for cryptocurrencies and predicts a transformative phase for Wall Street as it increasingly shifts towards blockchain technology. He stated, "The best years are ahead for crypto given the substantial upside to current adoption rates."
BitMine is on a trajectory to become a leader in ETH acquisition, with an ongoing goal to secure 5% of the total supply of ETH. Furthermore, the company is making strides in establishing its staking solution, The Made in America Validator Network (MAVAN), with plans for deployment in early 2026.
Trading Performance and Institutional Support
As of now, BMNR ranks as the 37th most actively traded stock in the United States, averaging approximately $1.8 billion in daily trading volume. The company is supported by a distinguished group of institutional investors, including:
- Cathie Wood from ARK
- MOZAYYX
- Founders Fund
- Bill Miller III
- Pantera
- Kraken
- DCG
- Galaxy Digital
- Thomas "Tom" Lee
Upcoming Events and Investor Relations
BitMine is scheduled to hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026. Investors interested in the company's fiscal performance can access the Fiscal Full Year 2025 Earnings presentation and the corporate presentation on their Investor Relations page.
About BitMine Immersion Technologies
BitMine is dedicated to accumulating cryptocurrencies for long-term investment, leveraging both bitcoin mining operations and capital-raising initiatives. The company operates in energy-efficient regions across Trinidad, Pecos, and Silverton, Texas, and aims to provide best-in-class advisory services related to the cryptocurrency market.
Forward-Looking Statements
This announcement may contain forward-looking statements regarding BitMine's strategies, market predictions, and financial projections. Such statements involve risks and uncertainties that could cause actual outcomes to differ. Investors are encouraged to review BitMine's SEC filings for more information.