Bitmine Immersion Technologies, Inc. announced a substantial increase in its cryptocurrency holdings on December 29, 2025, revealing that it now commands 3.41% of the total Ethereum supply, equivalent to 4.11 million ETH tokens. The company’s total assets, combining cryptocurrency and cash, have surged to approximately $13.2 billion, solidifying Bitmine’s status as the world’s largest Ethereum treasury and the second-largest global cryptocurrency treasury, only behind Strategy Inc.
As of 10:16 AM EST on December 29, Bitmine’s stock traded at $28.81, reflecting an increase of $0.50, or 1.76%. The company’s market capitalization stands at around $12.36 billion. This remarkable growth in assets emphasizes Bitmine’s aggressive strategy in the rapidly evolving cryptocurrency landscape.
Recent Asset Acquisitions and Future Projections
Bitmine’s cryptocurrency portfolio includes its significant holdings of 4.11 million ETH, valued at approximately $12.1 billion based on an ETH price of $2,948. Additionally, the company holds 192 Bitcoin and $23 million allocated to what it calls “moonshots,” which includes a stake in Eightco Holdings. With $1 billion in cash reserves, Bitmine continues to pursue its ambitious goal of acquiring 5% of the total ETH supply, a strategy referred to as the “Alchemy of 5%.”
In the past week alone, Bitmine has added 44,463 ETH to its collection. Chairman Thomas Lee of Fundstrat highlighted that Bitmine remains the largest “fresh money” buyer of ETH globally, despite the downward pressure from year-end tax-loss selling affecting broader crypto markets.
Currently, Bitmine has staked 408,627 ETH tokens, which are just a fraction of its total holdings. The company is collaborating with three staking providers as it prepares to introduce its Made in America Validator Network (MAVAN) in early 2026. Once fully operational, Bitmine anticipates annual staking fees of around $374 million, based on a composite Ethereum staking rate of 2.81%. This translates to a potential revenue of over $1 million per day.
Financial Performance and Market Standing
For the fiscal year 2025, Bitmine reported a net income of $328.16 million, yielding fully diluted earnings per share of $13.39. The company’s stock performance has been notably strong, achieving a year-to-date gain of 300.21% in 2025, far surpassing the S&P 500’s return of 17.41% during the same period.
Bitmine has become one of the most actively traded stocks in the United States, ranking 47th with an average daily trading volume of $980 million over the last five days. Its stock has fluctuated between $3.92 and $161.00 over the past year, with analysts placing price targets between $47.00 and $60.00, and an average target of $53.50.
The company is set to hold its Annual Stockholder Meeting on January 15, 2026, at the Wynn Las Vegas. Shareholders will vote on several proposals, including director elections, a charter amendment to increase authorized shares, the approval of the 2025 Omnibus Incentive Plan, and a performance-based compensation arrangement for the executive chairman.
Bitmine’s strong financial positioning is further supported by prominent institutional investors, including Cathie Wood of ARK, Bill Miller III, Founders Fund, Pantera, and Galaxy Digital. With a current ratio of 51.5, indicating robust liquidity, the company holds more cash than debt, reinforcing its leadership in cryptocurrency treasury operations.
