Bitmine Immersion Technologies said that as of 6:00 p.m. ET on Dec. 28, 2025, its combined crypto holdings, cash, and "moonshots" investments were worth $13.2 billion. The company reported holdings of 4,110,525 ETH priced at $2,948 per token, along with 192 BTC, a $23 million stake in Eightco Holdings, and $1.0 billion in cash.
Using the company’s figures, that ETH position equals 3.41% of the 120.7 million ETH supply. Bitmine also said it added 44,463 ETH over the past week. In the release, Chairman Thomas “Tom” Lee of Fundstrat said tax-loss selling tied to year-end positioning was weighing on crypto and crypto-related equities, with the effect typically strongest from Dec. 26 to Dec. 30.
Staked ETH Reaches 408,627 as MAVAN Targets Early 2026 Rollout
Bitmine also gave an update on staking. The company said it is working with three staking providers while preparing to launch its commercial MAVAN network, short for Made in America VAlidator Network, in early 2026. As of Dec. 28, 2025, Bitmine said it had 408,627 ETH staked, worth roughly $1.2 billion at the same reference price.
The announcement cited a 2.81% composite Ethereum staking rate, or CESR, administered by Quatrefoil. Lee said that if Bitmine’s ETH were fully staked through MAVAN and its staking partners, the annual staking fee opportunity would amount to about $374 million, or more than $1 million per day. That figure was presented by the company as a scale-based estimate.
Annual Stockholder Meeting Set for Jan. 15 in Las Vegas
Bitmine said it will hold its annual stockholder meeting at Wynn Las Vegas on Jan. 15, 2026, from 12:00 p.m. to 3:00 p.m. PST. Shareholders are being asked to vote on four proposals: electing eight directors, approving a charter amendment to increase authorized common shares, approving the 2025 Omnibus Incentive Plan, and approving on an advisory basis a special performance-based compensation arrangement for the executive chairman.
Shareholders may vote in person or by proxy through mail, telephone, or internet. Telephone and internet voting will close at 11:59 p.m. ET on Jan. 14, 2026. The company also said the meeting will be livestreamed on Bitmine’s X account.
Bitmine Puts BMNR Among the Most Actively Traded U.S. Stocks
Citing Fundstrat data, Bitmine said BMNR posted an average daily dollar trading volume of $980 million over the five trading days through Dec. 26, 2025. That placed the stock 47th among 5,704 U.S.-listed stocks, according to the release. Bitmine also described itself as the world’s largest ETH treasury and the second-largest global crypto treasury behind Strategy Inc. (MSTR), which the company said held 671,268 BTC valued at about $59 billion.
The release also listed institutional and personal backers tied to Bitmine’s stated goal of acquiring 5% of ETH supply, including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee. In its company description, Bitmine said its business includes Bitcoin mining, hashrate-related financial products, mining and advisory services, with operations in Trinidad and in Pecos and Silverton, Texas.