BITMINE INCREASES ETHEREUM HOLDINGS BEYOND 4M, APPROACHING 5% OF TOTAL SUPPLY

Bitmine Immersion Technologies, the world’s largest corporate holder of Ethereum, has now crossed 4 million ETH in its holdings following its latest purchase.

“Bitmine continues to steadily increase its Ethereum holdings, adding 98,852 ETH over the past week. Our total holdings have now surpassed the crucial 4 million mark,” said Bitmine Chairman Thomas “Tom” Lee in an official statement.

ETHEREUM CLIMBS BACK TO $4,700 AS BULLISH MOMENTUM STAYS STRONG

On-chain analytics platform Lookonchain reported that Bitmine’s most recent acquisition took place on December 22, when the company bought 13,412 ETH for approximately $40.61 million. This brings Bitmine’s total Ethereum stash to 4,066,062 ETH, with an average purchase price of $2,991 per token.

Looking ahead, Bitmine aims to accumulate 5% of the total Ether supply. Currently, the company controls 3.37% of circulating ETH, putting it roughly two-thirds of the way to its goal.

“We are making rapid progress toward the ‘alchemy of 5%’ and are already witnessing the benefits of our substantial Ethereum holdings,” Lee added, highlighting the strategic importance of the company’s long-term accumulation plan.

This move underscores Bitmine’s growing influence in the Ethereum market and reflects the ongoing institutional interest in crypto assets.

BITCOIN JUST CROSSED $125,600—COULD IT REALLY HIT $150K NEXT?

Bitmine Shares Poised for Growth Amid ETH Strategy and Upcoming MAVAN Launch

Bitmine shares have surged approximately 606% since the company shifted to an Ethereum-focused strategy. However, in recent months, the stock has faced pressure as Ethereum slipped to multi-month lows.

Over the past weekend, Bitmine briefly reclaimed the $3,000 level but has since retreated slightly, now trading just below the company’s average ETH purchase price.

Despite this, crypto news analysts remain optimistic, citing both technical and fundamental factors that could support further upside in the coming months.

A major potential catalyst is Bitmine’s Made in America Validator Network (MAVAN) initiative, set to launch in Q1 2026.

The program is expected to generate staking income from the company’s Ethereum holdings, enhancing long-term shareholder value.

Additionally, the timing of Bitmine’s latest ETH purchase coincides with its annual stockholders meeting scheduled for January 15 at the Wynn Las Vegas, signaling continued strategic focus and investor engagement.

Bottom Line

Bitmine’s strong Ethereum accumulation, combined with its upcoming MAVAN staking initiative and growing institutional influence, positions the company for potential long-term growth.

While recent share price volatility reflects ETH’s market swings, analysts see upside opportunities as Bitmine advances toward its 5% supply target and continues executing its Ethereum-first strategy. Investors should watch key developments, including staking revenue and strategic announcements, for signals of further value creation.

Q: How many Ethereum tokens does Bitmine currently hold?

A: Bitmine Immersion Technologies currently holds over 4 million ETH, following a recent purchase of more than 98,000 ETH over the past week, bringing its total to 4,066,062 ETH at an average price of $2,991 per token.

Q: What is Bitmine’s long-term Ethereum accumulation target?

A: The company aims to acquire 5% of the total Ethereum supply. Currently, Bitmine controls 3.37% of circulating ETH, meaning it is roughly two-thirds of the way toward reaching its goal.

Q: How have Bitmine shares performed since the Ethereum-first strategy?

A: Since shifting to an Ethereum-focused strategy, Bitmine shares have surged about 606%. However, the stock has recently faced pressure due to Ethereum slipping to multi-month lows and is currently trading slightly below the company’s average ETH purchase price.

Q: What is the MAVAN initiative and its significance?

A: MAVAN (Made in America Validator Network) is Bitmine’s upcoming staking program, set to launch in Q1 2026. It is expected to generate staking income from Ethereum holdings, enhancing the company’s long-term value and strengthening its shareholder proposition.

Q: When and where is Bitmine’s next stockholders’ meeting?

A: Bitmine’s annual stockholders meeting is scheduled for January 15, 2026, at the Wynn Las Vegas. This event comes shortly after its latest ETH purchases and highlights the company’s continued focus on strategic investor engagement and growth plans.