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- Bitmain reported total crypto, cash, and strategic holdings worth $14 billion.
- The company now controls more than three percent of the global Ethereum supply.
- Shareholders will vote on expanding authorized shares at a January meeting.
Bitmine Immersion Technologies announced a sharp expansion of its balance sheet as crypto markets regain momentum. The company reported combined crypto assets, cash reserves, and strategic investments worth $14.0 billion as of January 11.
The update covered the increasing presence of Bitmine in the Ethereum network and its plans for scaling in the year 2026. The company is involved in both Bitcoin and Ethereum networks.
Its strategy involves long-term accumulation and not trading. The strategy has made Bitmine one of the largest holders of digital assets at a time when institutional investments are on the rise.
Ethereum is at the heart of Bitmine’s business plan. The company currently owns 4.17 million ETH, which is above $13 billion at current market rates. This is approximately 3.45 percent of the total Ethereum supply in circulation. No other entity owns a bigger ETH treasury than this company.
Bitmine Holds Modest Bitcoin and Moonshot Investments
The exposure to Bitcoin is relatively low in comparison. Bitmine claimed ownership of 193 Bitcoins. The company also claimed an equity stake in Eightco Holdings of $23 million in their high-risk growth category that they term “moonshots.”
Cash is also a significant source of flexibility. The total cash position was $988 million. The management observed that the purchase of ETH in the current market did not impact the market’s liquidity. Rather, the cash position increased during the same period.
One of the most important aspects of Bitmine’s revenue generation model is staking. As of January 11, the company has staked over 1.25 million ETH, with a value of approximately $3.9 billion. This number increased dramatically within one week alone. However, this number only accounts for part of their ETH holdings.
Based on the existing network costs, full staking would be able to accumulate hundreds of millions of dollars every year through fees. The potential earnings per day would be over one million dollars as soon as the operation expands. In support of this strategy, Bitmine cooperates with several staking partners and readies its own validator service.
Investor Interest Grows as Bitmine Expands Ethereum Strategy
The company is set to launch the Made in America Validator Network in the early part of 2026. The network has the objective of offering safe and locally based staking services. The company expects the network to be among the biggest staking networks worldwide.
Bitmine will put before its shareholders a proposal to increase the number of authorized shares at its annual meeting, to be held on January 15 in Las Vegas. The existing charter makes it difficult to pass the approval requirement.
The management believes that the amendment is imperative in order not to hamper future accumulation of ETH. The stock has also received unusual liquidity. Trading information has shown that Bitmine is among the most actively traded stocks in the United States in terms of dollars.
Such levels of activity signify the growing interest of investors in the company and its importance in the public cryptocurrency market. With its strong position in Ethereum and developing infrastructure, Bitmine is poised to be one of the leading institutional players in digital assets in 2026.
Related Reading: Bitcoin Nears 21 Million Cap as Miners Prepare for a Fee-Driven Future
