Bitmine Immersion Technologies (BMNR) Reports Significant Growth in Ethereum Holdings and Financial Position
Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), a prominent player in the Bitcoin and Ethereum networks, has announced that its total crypto, cash, and "moonshot" holdings have reached an impressive $14.2 billion. This milestone, driven by a strategy focused on long-term cryptocurrency investments, includes a total of 4.144 million Ethereum (ETH) tokens.
Key Cryptocurrency Holdings and Investments
As of January 4, 2026, Bitmine's portfolio includes:
- 4,143,502 ETH, valued at $3,196 per token.
- 192 Bitcoin (BTC).
- A $25 million stake in Eightco Holdings (NASDAQ: ORBS).
- Total cash holdings amounting to $915 million.
These ETH holdings represent approximately 3.43% of the total Ethereum supply, positioning Bitmine as the largest 'fresh money' buyer of ETH globally.
Implications of Upcoming Annual Stockholder Meeting
Bitmine is set to hold its Annual Stockholder Meeting at the Wynn Las Vegas on January 15, 2026. Chairman Thomas "Tom" Lee emphasized the importance of voting on an amendment to increase the number of authorized shares. This strategic move is aimed at:
- Facilitating selective capital market activities.
- Accommodating potential future share splits.
- Enabling the company to pursue selective acquisitions.
Lee stated, "Bitmine's sole focus remains on creating stockholder value through the accretive acquisition of ETH per share and optimizing yields on our holdings."
Staking and Future Projects
As of the latest report, Bitmine has staked a total of 659,219 ETH, valued at $2.1 billion. This represents a notable increase of 250,592 ETH in just one week. The company's staking operations are set to benefit from the upcoming launch of the Made in America Validator Network (MAVAN), scheduled for Q1 2026.
Lee noted that once fully operational, the MAVAN is expected to generate significant annual revenue from staking fees, projecting over $374 million annually, translating to more than $1 million per day.
Trading Volume and Institutional Support
Bitmine's stock has gained significant traction, ranking as the 44th most traded stock in the U.S. market, with an average trading volume of $1.1 billion per day. The company continues to attract backing from notable institutional investors, including ARK's Cathie Wood and Pantera Capital, solidifying its standing in the cryptocurrency space.
Annual Meeting Details and Voting Procedures
Bitmine encourages all stockholders to participate in the upcoming Annual Meeting. Important details include:
- Location: Wynn Las Vegas, 3131 Las Vegas Blvd S, Las Vegas, Nevada 89109
- Time: From 12:00 PM to 3:00 PM PST
Stockholders can register for the meeting and vote either in person or by proxy. For those voting by mail, phone, or internet, the deadline is 11:59 PM Eastern Time on January 14, 2026.
For registration assistance, stockholders can contact Alliance Advisors.