Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion

Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion

Source: CoinDesk

Published:2026-01-05 14:57

BTC Price:$93519

#ETH #HODL #Crypto

Analysis

Price Impact

High

Bitmine immersion's significant accumulation of 33,000 eth, bringing their total holdings to 4.14 million eth (3.4% of total supply with a target of 5%), indicates substantial institutional demand. this reduces circulating supply and signals strong conviction in ethereum's long-term value, creating significant upward price pressure.

Trustworthiness

High

The information is reported by coindesk, a reputable and widely recognized financial news outlet specializing in cryptocurrency. it details verifiable actions by bitmine immersion technologies (bmnr) regarding their ether holdings and future staking plans.

Price Direction

Bullish

The continuous large-scale accumulation of eth by an institutional player like bitmine immersion, coupled with their plans to stake a significant portion (currently 659,219 eth, with plans to expand via their in-house mavan validator targeting over $1m/day in rewards) effectively locks up supply. this reduction in available circulating supply, combined with strong institutional confidence and a bullish outlook from chairman tom lee, points to sustained upward price movement.

Time Effect

Long

The accumulation is an ongoing process, and the full impact of their expanded staking initiatives, particularly with the made in america validator network (mavan) launching in early 2026, will unfold over an extended period. this will influence long-term supply dynamics and foster gradual, sustained price appreciation.

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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion Led by Chairman Tom Lee, the company now holds 4.14 million ether (ETH), or 3.4% of the total supply. By Francisco Rodrigues | Edited by Stephen Alpher Jan 5, 2026, 2:57 p.m. (CoinDesk) What to know : Bitmine Immersion Technologies (BMNR) added 33,000 ether, now holding over 4.14 million tokens. The company's crypto and cash holdings total $14.2 billion. Bitmine has staked 659,219 ETH and plans to increase this figure with the launch of its in-house validator, MAVAN, which is expected to generate over $1 million per day in staking rewards. Bitmine Immersion Technologies (BMNR) has announced that it now holds more than 4.14 million ether ETH $ 3,150.41 , approximately 3.43% of the total supply, as it continues to accumulate tokens in an effort to reach its 5% target. The company’s crypto and cash holdings now total $14.2 billion, including $915 million in cash, 192 BTC and a $25 million stake in Eightco Holdings (ORBS), according to a press release. 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 . Led by Chairman Tom Lee, Bitmine added nearly 33,000 ETH to its treasury during over the past week. Lee has predicted that the price of ether will go as high as $250,000 if bitcoin eventually reaches $1 million. As of January 4, Bitmine had staked 659,219 ETH, equivalent to approximately $2.1 billion worth. The firm, which currently collaborates with three staking providers, aims to expand this number through the launch of its in-house validator, known as the Made in America Validator Network (MAVAN). It’s set to go live in early 2026. If fully staked at current rates, the BitMine projects over $1 million per day in staking rewards, given the current Composite Ether Staking Rate ( CESR ) of around 2.82%. BMNR’s shares are up 4.4% in early action Monday alongside a rise in the price of ether to $3,171. Bitmine Ether Ethereum Treasury More For You KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market By CoinDesk Research Dec 22, 2025 Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. What to know : KuCoin recorded over $1.25 trillion in total trading volume in 2025 , equivalent to an average of roughly $114 billion per month , marking its strongest year on record. This performance translated into an all-time high share of centralised exchange volume , as KuCoin’s activity expanded faster than aggregate CEX volumes , which slowed during periods of lower market volatility. 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