Bitmine amasses $14.2b crypto war chest as Ethereum bets deepen

Bitmine Immersion Technologies said its combined crypto, cash and strategic holdings have climbed to $14.2 billion, underscoring the company’s aggressive push to become the world’s dominant Ethereum treasury.

As of Jan. 4, Bitmine reported crypto and cash holdings led by 4,143,502 ETH valued at roughly $13.2 billion, 192 bitcoin, $915 million in cash and a $25 million stake in Eightco Holdings. The company said it added nearly 33,000 ETH in the past week alone, even as broader market activity slowed into year-end.

Chairman Tom Lee of Fundstrat said Bitmine expects Ethereum to benefit in 2026 from growing institutional adoption, tokenization efforts and increased demand for digital authentication, adding that last year’s rally in commodities and precious metals could support higher crypto prices.

Bitmine has also ramped up staking activity, with 659,219 ETH—worth about $2.1 billion—currently staked, a sharp increase from the prior week. At scale, the company estimates staking fees could exceed $370 million annually, supported by its planned Made in America Validator Network, or MAVAN, slated for launch in early 2026.

The company is asking shareholders to approve an increase in authorized shares at its Jan. 15 annual meeting, a move Lee said would give Bitmine flexibility to raise capital, pursue acquisitions and manage future share splits while continuing to build ETH per share.

Bitmine said its growing profile has translated into heavy trading activity, with average daily dollar volume near $1 billion in early January, placing it among the most actively traded U.S. stocks.