Bitmine's ether stash tops 4.1 million tokens as crypto and cash holdings reach $13.2 billion

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitmine's ether stash tops 4.1 million tokens as crypto and cash holdings reach $13.2 billion Tom Lee's publicly traded miner and treasury firm said it now controls more than 3% of ether’s total supply and is accelerating staking plans. By Will Canny , AI Boost | Edited by Stephen Alpher Dec 29, 2025, 2:46 p.m. Thomas Lee, Bitmine chairman (CoinDesk). What to know : Bitmine Immersion (BMNR) now holds 4.11 million ether, equal to about 3.4% of total supply, alongside $1 billion in cash. The company said it added more than 44,000 ETH in the past week and has staked over 408,000 tokens of the cryptocurrency. Bitmine Immersion Technologies (BMNR) said its combined crypto, cash and higher-risk “moonshot” investments have reached $13.2 billion, driven by an ether ETH $ 2,954.52 position that now totals more than 4.1 million tokens. The firm in a Monday press release said the holdings make it the world’s largest publicly owned ether treasury and place it second globally among corporate crypto treasuries, behind bitcoin-only Strategy (MSTR). STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . As of Dec. 28, Bitmine said it held 4,110,525 ETH, along with 192 bitcoin, 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 roughly 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “alchemy of 5%” target. "We continue to be the largest 'fresh money' buyer of ETH in the world," said Thomas Lee, chairman of Bitminee. "Year-end tax-loss related selling is pushing down crypto and crypto equity prices and this effect tends to be the greatest from 12/26 to 12/30, so we are navigating markets with this in mind," he added. Bitmine said it has currently staked 408,627 ETH, worth about $1.2 billion, and is working with three staking providers as it prepares to launch its Made in America Validator Network, or MAVAN, in early 2026. Using the current composite Ethereum staking rate of 2.81%, Lee estimated that fully staking the company’s ether holdings could generate roughly $374 million in annual staking revenue. The company also released a special chairman’s message ahead of its annual shareholder meeting on Jan. 15, 2026, at the Wynn Las Vegas, urging investors to vote in favor of four proposals tied to its long-term strategy. Ether was trading little-changed over the past 24 hours around $2,950 at publication time. Read more: Most Influential: Tom Lee Bitmine Ethereum Treasury Ether Staking AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. 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