Bitmine Immersion Technologies (BMNR) said its combined crypto, cash and higher-risk “moonshot” investments reached $13.2 billion, driven by an ether. position which now totals more than 4.1 million tokens.
In a press release on Monday, the company said these holdings made it the world’s largest public ether hoard and placed it second in the world among corporate crypto hoards, behind Bitcoin Only Strategy (MSTR).
As of December 28, Bitmine reported holding 4,110,525 ETH, along with 192 bitcoins, a $23 million stake in Eightco Holdings, and $1 billion in cash.
The ether position represents about 3.41% of the network’s circulating supply of approximately 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “5% alchemy” goal.
“We continue to be the largest buyer of ETH in the world,” said Thomas Lee, president of Bitminee.
“End-of-year tax loss selling drives down the prices of cryptocurrencies and crypto stocks and this effect tends to be greatest from 12/26 to 12/30, so we navigate the markets with that in mind,” he added.
Bitmine said it currently stakes 408,627 ETH, worth around $1.2 billion, and is working with three staking providers as it prepares to launch its Made in America Validation Network, or MAVAN, in early 2026.
Using Ethereum’s current composite staking rate of 2.81%, Lee estimated that fully staking the company’s ether holdings could generate approximately $374 million in annual staking revenue.
The company also released a special message from the chairman ahead of its annual shareholder meeting on January 15, 2026 at Wynn Las Vegas, urging investors to vote in favor of four proposals related to its long-term strategy.
Ether was trading little over the past 24 hours, around $2,950 at press time.
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