TLDR
- BitMine’s ETH holdings now represent 3.52% of Ethereum’s circulating supply.
- BitMine has staked over 2 million ETH, more than any other entity globally.
- The company’s total crypto and cash holdings stand at $12.8 billion.
- BitMine’s Ethereum treasury goal is 5% of Ethereum’s circulating supply.
BitMine Immersion Technologies, a leading Ethereum treasury company led by Tom Lee, is making significant strides toward its goal of holding 5% of Ethereum’s circulating supply. The company recently acquired 40,302 ETH, bringing its total Ethereum holdings to 4,243,338 ETH, valued at around $12.3 billion. This acquisition takes BitMine closer to reaching its target of acquiring 5% of Ethereum’s supply, a goal that currently sits at approximately 6.04 million ETH.
Tom Lee’s #Bitmine bought 40,302 $ETH worth $117.2M last week.
Total holdings now stand at 4,243,338 $ETH (~$12.34B). pic.twitter.com/vBVqKMtzlT
— Alpha Embassy (@alphaembassy) January 26, 2026
This latest purchase brings BitMine’s ETH holdings to about 3.52% of Ethereum’s total circulating supply, which stands at roughly 120.7 million ETH. BitMine is now the largest Ethereum treasury holder, surpassing other notable entities such as SharpLink and The Ether Machine. The company’s current position places it significantly ahead of its competitors, with a total of 4.24 million ETH in its treasury.
Continued Expansion of Ethereum Holdings
The company has shown no signs of slowing down, with its ETH holdings increasing regularly. As of January 25, BitMine’s total crypto and cash holdings have reached $12.8 billion. This includes a combination of Ethereum, Bitcoin, and other assets, as well as a substantial cash reserve. Its recent acquisition of 40,302 ETH, worth approximately $117.1 million at current market prices, is a part of a broader strategy to increase its influence in the Ethereum ecosystem.
BitMine’s goal is clear: to secure 5% of the total circulating Ethereum supply. The company’s Chairman, Tom Lee, has emphasized that reaching this target would give BitMine significant control and influence within the Ethereum network. With its recent acquisitions, the company is steadily moving closer to achieving this objective.
The Role of Ethereum Staking in BitMine’s Strategy
One key aspect of BitMine’s strategy is its focus on Ethereum staking. As of the latest update, BitMine has staked 2,009,267 ETH, which represents almost half of its total Ethereum holdings. This substantial amount of staked ETH puts the company ahead of all other entities in terms of Ethereum staking.
Chairman Tom Lee noted that BitMine’s staking activities are projected to generate annual staking fees of approximately $374 million, based on the current staking yield. This fee is expected to increase further when BitMine’s ETH is fully staked by its partners. The company is using this staking strategy to generate steady revenue while also contributing to the overall security and operation of the Ethereum network.
BitMine’s staking strategy is integral to its broader plan for Ethereum acquisition. By staking its holdings, the company not only secures a passive income stream but also strengthens its position within the Ethereum ecosystem. This move further solidifies BitMine as a key player in the Ethereum treasury space.
BitMine’s Market Position and Future Prospects
As the largest Ethereum treasury holder, BitMine is closely watched by the broader cryptocurrency community. Its growing influence and extensive holdings position the company well for future growth in the crypto space. Tom Lee’s leadership and the backing of institutional investors, including Ark Invest and Founders Fund, further add to BitMine’s credibility.
While BitMine is currently the second-largest public crypto treasury, following Michael Saylor’s Strategy, its Ethereum holdings give it a unique advantage in the rapidly evolving world of digital assets. With the increasing institutional interest in cryptocurrencies, particularly Ethereum, BitMine is well-positioned to continue its expansion and secure a larger share of the Ethereum network.
As BitMine works toward its 5% Ethereum treasury target, the company’s impact on the cryptocurrency market will likely increase, making it a key player to watch in the coming months.
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