Bitmine reports $14 billion in crypto and cash holdings

Bitmine Immersion Technologies Inc. (NYSE American: BMNR) announced its cryptocurrency and cash holdings totaled $14 billion as of January 11. The company holds 4.17 million Ethereum tokens valued at $3,119 each, representing 3.45% of the total ETH supply.

The Las Vegas-based company's holdings include 193 Bitcoin, $23 million in Eightco Holdings (NASDAQ: ORBS) shares, and $988 million in cash. Bitmine has staked 1.26 million ETH tokens, generating an estimated $374 million in annual staking fees at current rates.

Chairman Tom Lee said the company acquired 24,266 ETH in the past week while increasing its cash position by $73 million. Bitmine plans to launch its MAVAN staking infrastructure in the first quarter of 2026.

The company will hold its annual stockholder meeting at the Wynn Las Vegas on January 15, 2026. Shareholders will vote on increasing authorized shares from the current 500 million limit, which requires approval from 50.1% of outstanding shares.

Bitmine ranks as the 67th most traded stock in the US with average daily trading volume of $1.3 billion over the past five days. The company describes itself as the largest Ethereum treasury globally and the second-largest cryptocurrency treasury behind MicroStrategy Inc., which holds 672,497 Bitcoin valued at $61 billion.

The information is based on a company press release statement.

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