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- Bitmine reported total crypto, cash, and strategic holdings worth $13.2 billion.
- The company now controls more than 3 percent of the global Ethereum supply.
- Staking and governance plans aim to boost long-term shareholder value.
Bitmine Immersion Technologies has released a detailed update on its balance sheet and strategy. The company operates as a Bitcoin and Ethereum network firm. It focuses on long-term crypto accumulation. The latest disclosure highlights a sharp expansion in Ethereum exposure and rising market influence.
As of December 28 at 6:00 pm ET, Bitmine held digital assets and cash worth $13.2 billion. Ethereum formed the core of that position. The company owned 4,110,525 ETH, valued at $2,948 per coin using Coinbase pricing. This amount equals about 3.41 percent of the total Ethereum supply of 120.7 million ETH.
Bitmine also reported ownership of 192 Bitcoin. In addition, it held a $23 million equity stake in Eightco Holdings, listed on Nasdaq under the ticker ORBS. The firm classified this position as a moonshot investment. Total cash holdings stood at $1.0 billion. During the final week of December, Bitmine added 44,463 ETH.
Bitmine Slows Ethereum Buying During Holiday Market
The reason for this, according to the management, was the slower holiday trading conditions and tax-loss selling pressure at the end of the year. These are the normal seasonal reasons that tend to put downward pressure on the price of cryptocurrencies in the last days of December. The firm accordingly adjusted their purchase rate based on this seasonality and continued purchasing additional capital for Ethereum.
Bitmine is further developing its staking infrastructure. The company has partnered with three staking providers. Bitmine plans to roll out its commercial “Made in America Validator Network,” or MAVAN, in 2026. As of December 28, 2025, Bitmine was staking 408,627 ETH.
At present prices, this is approximately $1.2 billion. This figure represents only a part of the total Ethereum holdings of the firm. The composite Ethereum staking rate has been recorded at 2.81 percent. At this capacity, the firm’s annual staking fees should be approximately $374 million, which is greater than $1 million per day.
The company considers MAVAN a safe and native staking option. It will be launched in the initial part of 2026. Bitmine plans to integrate internal validation with other partners for improved yield.
Bitmine Calls Shareholders to January Meeting
It also called on its shareholders to participate in its annual meeting set on January 15, 2026, at the Wynn Las Vegas. This involves four important proposals related to the company’s long-term plan.
The strategy involves increasing ETH per unit, maximizing revenue acquired via staking, and allocating funds to selective high-risk investment opportunities. Bitmine is currently the largest Ethereum Treasury and the second-largest Crypto Treasury globally in the global treasury ranking.
Strategy Inc. leads because of its Bitcoin holdings. There has been strong trading of Bitmine stock. The firm ranked 47th in terms of average daily dollar volume in late December in the US, according to data from Fundstrat.
Management has further attributed recent changes in crypto policies, including GENIUS Act and SEC Project Crypto, to previous monetary turning points in history. These changes are potentially going to transform markets in finance and ensure that digital assets are a major form of investment in their own right.
Related Reading: Bitcoin-Backed Digital Money: Transforming Global Finance with Stable Credit Solutions
