- BitMine Immersion now controls nearly 4 million ETH, equal to more than 3.2% of Ethereum’s total supply.
- The company’s combined crypto, cash, and equity holdings are valued at about $13.3 billion as of mid-December.
- BitMine has become one of the most actively traded stocks in the U.S., ranking among the top 50 by dollar volume.
BitMine Immersion Technologies has quietly built one of the largest crypto treasuries in the world, with Ethereum sitting at the center of its strategy.
As of December 14, the company held roughly 3,967,210 ETH, valued at around $3,074 per coin at the time. This alone places BitMine in control of more than 3.2% of Ethereum’s total circulating supply, making it the largest corporate holder of ETH globally.
Over the past week, BitMine added another 102,259 ETH, signaling continued confidence after a period of market volatility earlier in the quarter.
The firm’s total digital asset exposure also includes 193 Bitcoin, alongside a $38 million equity position in Eightco Holdings, listed on Nasdaq under the ticker ORBS. When combined with $1 billion in cash reserves, BitMine’s total holdings stood at approximately $13.3 billion.
Thomas Tom Lee, chairman of BitMine and a well-known market strategist at Fundstrat, has pointed to improving regulatory conditions and stabilizing prices as key reasons behind the steady accumulation of Ethereum.
The company’s long-term objective is to reach an internal benchmark it calls the alchemy of 5%, reflecting a broader push to secure a meaningful share of the Ethereum network.
Also Read: Ethereum (ETH) Eyes $5,000 as DBS and BlackRock Boost Institutional Adoption
BitMine Leads Global ETH Treasury Rankings
BitMine possesses the largest Ethereum-centric balance sheet in the crypto space. As a whole, BitMine ranks second globally, with Strategy Inc. being the first, which holds over 660,000 BTC valued at $59 billion. As such, BitMine is normally used as a benchmark by institutions tracking large movements in crypto adoption.
More attention is being drawn to the company, and this is reflected in its stock market performance. Data obtained from Fundstrat shows BitMine had an average volume of $1.9 billion for five days until December 11, 2025.
The volume is sufficient and ranks it 41st among over 5,700 stocks in the US, behind Boeing but before Sandisk. Such a large volume of stock is an indication of interest in the stock.
BitMine Advances U.S.-Based Ethereum Staking Plans
Other than accumulating assets, BitMine is also preparing the next step by developing infrastructure. One of the projects that the company is undertaking is the Made in America Validator Network, or MAVAN, a staking platform.
The system will offer secure and domestic Ethereum staking services and is projected to be released in early 2026. BitMine will map out its roadmap and governance changes at its annual shareholders gathering, which will be held on January 15, 2026, at the Wynn Las Vegas.
Related Read: Ethereum Price Moves Below $3100, ETH Struggles While Eyes Key Target $3400
