BitMine Boosts Ethereum Holdings with Over $117M Latest Purchase

BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum, has increased its ETH holdings. According to a press release, the company purchased 40,302 ETH worth $117.2 million between January 20 and January 25, 2026. 

The latest acquisition brings BitMine’s total ETH stash to 4,243,338 ETH. At current market prices, the holdings are valued at approximately $12.33 billion. With this, the company moves closer to its goal of securing 5% of Ethereum’s supply. 

Bitmine Tops Its Ethereum Stash 

BitMine’s push to increase its Ethereum position follows a string of incremental purchases throughout late 2025 and early 2026. According to recent market data, Bitmine’s ETH holdings now top 4.24 million coins, representing roughly 3.52% of the total circulating Ethereum supply. These holdings also contribute significantly to the company’s crypto and cash portfolio, which is valued at over $12.8 billion.

Of this total, 2,009,267 ETH worth $5.7 billion is staked across three providers as BitMine advances its upcoming Made in America Validator Network (MAVAN). This figure represents an increase of 171,264 ETH over the past week and remains a portion of BitMine’s 4.24 million ETH treasury. Tom Lee, BitMine’s spokesperson, stated that the company has staked more ETH than any other entity in the world.

“At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annually (using 2.81% CESR), or greater than $1 million per day. We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026,” he added.

Wall Street Embraces Crypto

BitMine’s latest Ethereum purchase reflects more than balance-sheet expansion; it signals growing institutional confidence in digital assets. Tom Lee highlighted conversations from a high-level meeting between global policymakers and business leaders held last week. 

According to Lee, one key takeaway stood out clearly: Wall Street has now embraced crypto and blockchain assets. Traditional finance no longer views digital assets as a niche idea, but as a natural shift toward blending traditional markets with blockchain technology.

At the same time, Bitmine continues to diversify its growth strategy beyond digital assets alone. Earlier this month, the company invested $200 million into Beast Industries to support its expansion and potential DeFi initiatives.

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